MIAMI, FL (October 1, 2019) — A new service collaboration, CU First Responders Finance, LLC (CUFR) will be introduced at the National Council of Firefighter Credit Unions Inc. (NCOFCU) Annual Conference in Clearwater Beach, FL on October 3, 2019.
CUFR will provide high quality business and commercial lending products to business owners, investors and associations, volunteer and municipal fire departments nationwide.
A partnership between NCOFCU and Biz Lending & Insurance Center, Inc., this exclusive service for NCOFCU member credit unions will originate direct commercial real estate, business loans and generate non-interest income.
CUFR provides the member business lending expertise!
CUFR has three tailored solutions – Referral Credit Union, Participation Credit Union and Lead Lender programs. Participation is based on a credit union’s available capital, capabilities and needs.
When lead lenders fund a loan, they can opt to portfolio the entire loan or sell participations. CUFR creates a funnel of opportunities for our credit union members and the First Responder communities find a lending partner they trust!
BLIC specializes in business lending products and services for the credit union industry and has been instrumental in the development of Business Service CUSOs and Member Business Lending (MBL) departments nationwide. For more information visit www.theblic.com.
The NCOFCU is a non-profit 501 (c) 3 professional credit union association serving firefighters, first responders and their families since 2001. At present, there are over 100 firefighter credit unions, representing over $15 billion in assets and 800,000 members throughout the U.S. and Canada. For more information visit www.ncofcu.com.
Grant Sheehan
CEO
NCOFCU
(305) 448-6478
ceo@ncofcu.org
