Michael Mucilli to Retire After 20 Years of Service
CU Business Group announces the retirement of Michael Mucilli, Senior Business Services Officer and Senior Vice President, after 20 years of service.
5 Ways to Navigate Credit Risk Management and Loan Review Expectations
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…
Technical Tip: Transaction Stress Testing
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…
CUBG Welcomes Justin Conrey as President/CEO
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…
Larry Middleman to Retire After 20 Years of Service
CU Business Group, the largest commercial services CUSO in the industry, today announces the retirement of President/CEO Larry Middleman.
Technical Tip: Planning a Commercial Loan Portfolio Review
Regular reviews of your commercial loan portfolio are key for prudent risk management, and can help to reveal weaknesses in commercial lending operations. So what should you look for when planning a portfolio review? CUBG’s experts provide these tips on what you need to meet credit risk management guidelines. Use a third-party reviewer Examiners are…
Current Trends in Loan Sourcing and Participations
It’s not news that across the industry, credit unions are flush with deposits and are experiencing widespread challenges in deploying excess liquidity. As a result, new trends have emerged in both commercial loan sourcing and participations. The trends and information shared below are derived directly from experience with CUBG’s network of nearly 400 brokers and…
Technical Tip: Key Questions to Ask Your Borrowers About COVID Impacts
Although the country has begun to open back up, the pandemic will continue to have a lingering effect on businesses long into the future. Lenders entertaining new borrower applications or conducting annual reviews should gather information from borrowers regarding the impacts of the pandemic on their business and financial situation. Here are some key questions…
Supporting Small Business, One Micro-loan at a Time
One wintry day in Portland, Ore., Sara Rodriguez decided something had to change. Sara had just used her family’s last $5 for bus fare to find work. As luck would have it, the bus broke down and she was forced to walk miles back home through the snow, her prospects for gainful employment dashed. But…
CU Business Group Launches Partnership with Community Capital to Provide Online Loan Marketplace for Credit Unions
(Portland, Oregon – April 28, 2021) – CU Business Group, LLC, the nation’s largest business services Credit Union Service Organization, today announced it has partnered with Community Capital Technology Inc. to leverage the firm’s online loan marketplace and business intelligence platform to provide a better, more efficient way for their credit union clients to optimize…