Using the services provided by the newest CUNA Strategic Services provider, Newtek Business Services Corp., your credit union can build a microlending program that provides a new source of non-interest income. Installed in 226 branches in 21 US states, Newtek provides EMV-compliant terminals to your credit union at no charge, protecting you from counterfeit fraud liability and bringing more potential members to your credit union
>> Learn more about Newtek’s microlending program here.
The emergence of loan participation platforms will spur involvement among a greater number of institutions.
By deploying 10% of excess capital in loan participations, credit unions could boost return on assets (ROA) by nearly 50% and return on equity (ROE) by 40%. Read insights from credit unions currently active in participations along with ROA models, participation pitfalls, and the future outlook on loan participation pools.