FAQ's

Q. East Coast Business Lenders is a CUSO.
What is a CUSO?

A. CUSO stands for a credit union service organization.
Credit unions invest capital and resources in CUSOs as
a collaborative effort to provide additional services to
their members. However, CUSOs are legally
independent from their credit unions.

Q. Why should my Credit Union participate in
Business Loans?

A. To serve business clients that otherwise would not
use your credit union. You can diversify your credit union’s assets and minimize your credit risk.

Q. What is Loan Participation?

A. Loan Participation is the shared funding of loans to the clients/members of the originating Credit Union. All loan documents have the originating credit union’s information on them. The originating credit union is the only visible Credit Union to its clients/members. Credit Union participants can share the funding of a loan allowing them to reduce credit risk and maximize income.