CU Business Group is pleased to announce the promotion of Nigel Ramoz-Leslie to Senior Vice President and Chief Credit Officer. In his new role Nigel will oversee all facets of business lending support and new money originations, credit risk management, and portfolio guidance for CUBG’s credit union clients. With hands-on commercial lending experience across both…
CU Business Group announces the upcoming retirement of Julie Engen, Senior Vice President of Credit Administration, after a decade of dedicated service to CUBG. Julie will officially retire at the end of June, closing out a 41-year career in commercial banking. Julie joined CUBG in 2015 as Vice President/Business Loan Officer with expertise spanning all…
By Justin Conrey, President/CEO, CU Business Group | Originally published for Credit Union Times SBA lending is a compelling, but underused resource for credit unions looking to grow their share of the lucrative business services pie. These government-guaranteed loans can be a great way for cooperatives to develop a profitable and sustainable small business services program…
By Justin Conrey, President/CEO, CU Business Group | Originally published for Credit Union Times In the second of a three-part series, CUBG provides tips for attracting and serving this unique class of borrower. Small businesses need funding, and credit unions are perfectly positioned to provide it. Small business loans are an important component of a…
By Rachel Snyder, EVP/COO, CU Business Group | Originally published for Credit Union Times In the first of a three-part series, CUBG offers a practical roadmap for developing a more effective business services program. Small businesses make up 99.9% of all American businesses and employ more than 46% of private sector workers in the U.S.,…
CU Business Group announces the retirement of Michael Mucilli, Senior Business Services Officer and Senior Vice President, after 20 years of service.
by Jeff Stone, VP, Regulatory & Compliance, CU Business Group As we navigate uncertain economic times, having a well-developed credit risk review system in place to manage risk in your commercial lending portfolio is crucial. The NCUA has named credit risk as one of its top supervisory priorities for 2023. In 2020, the NCUA and…
Considering the ‘what ifs’ is critical in commercial loan underwriting. What if property vacancies increase? What if interest rates rise (which they will)? What if property values drop? Performing stress testing as part of the underwriting and periodic review process can help your credit union understand the potential impact of unplanned events such as declines…
On October 1st, CUBG welcomed Justin Conrey to the role of President/CEO. Conrey previously served as Executive Vice President and SVP-Credit and was appointed President/CEO upon the retirement of CUBG Founder and President/CEO Larry Middleman. Prior to joining CUBG, Conrey led commercial programs at both credit unions and community banks. He also has prior CUSO…
CU Business Group, the largest commercial services CUSO in the industry, today announces the retirement of President/CEO Larry Middleman.