March 2016 – Looking back on 2015, it was a very good year. The Alliance booked over $150 million in new loans and saw our servicing portfolio grow to $400 million. Of note, our sister company, CBS, introduced a number of their credit unions to our participation pool with great success!
Since inception, Commercial Alliance has provided comprehensive loan services to our credit unions, from training our members, to consulting, underwriting, documenting, and servicing business loans. The experienced staff of Commercial Alliance with hundreds of years of cumulative experience continues to mitigate the inherent risks in business lending for our credit unions through our disciplined approach, combining that experience with clear process and procedure to address all the necessary back room functions. This allows our credit unions to focus on developing these MBL relationships as well as being an integral part of their local business communities.
As of July 1, 2016, Commercial Alliance
and Commercial Business Solutions have become
one as we continue to expand our training
curriculum and servicing field. Also, based on
the growth of Commercial Alliance, driven by our
credit unions, we have decreased our service fee
by over 13%. This leaves an additional 10 basis
points of return in our credit unions as we reap
the benefit of economies of operating together.
We thank all of you who took the time to stop by our booth at the 2016 MCUL AC&E that was held in June in Detroit. We again will be participating at the annual convention June 8th and 9th next year as we head to Grand Rapids, Michigan.
For more information on resources available today to credit unions, contact us.
About Commercial Alliance
Commercial Alliance enables credit unions to offer business lending services to their members and communities. As a credit union service organization (CUSO), Commercial Alliance’s experienced team provides comprehensive infrastructure services for all business lending needs – from policy creation, underwriting, documenting, servicing, and ongoing loan administration.
Commercial Alliance member credit unions experience benefits including:
- a new revenue channel
- increased asset earnings
- membership and deposit growth
- mitigating inherent risks in business lending