CU First Responders Finance (CUFR) is excited to announce that Akron Fire Police Credit Union (AFPCU) has joined our business loan referral program. AFPCU is looking forward to offering a full range of products and services tailored to municipal and volunteer fire departments and first responder businesses.
FinanceResponders.com provides the avenue for AFPCU to originate direct commercial real estate, business loans and generate non-interest income. The Referral Credit Union (RCU) program provides a structured method to refer their business and commercial loans to lead lenders in the program.
CUFR provides the member business lending expertise!
“Additionally, there is an opportunity to sell a portion of the loan back to the referring credit union. Everyone prospers by working together! The referring credit union gets business loans on their books and the lead lender earns points and a portion of quality loans”, said Murray Halperin.
“CUFR’s referral program allows smaller credit unions to provide incremental and tangible value for their customers, while giving them the opportunity to recruit new members,” said Grant Sheehan of the National Council of Firefighter Credit Unions.