Products and Services Offered Through This Provider

Member business services through a referral program, including: Business lending products – including Small Business Administration (SBA) loans, merchant processing, data storage, and website design, development and hosting

Who is Newtek?

Newtek Business Services (NYSE: NEWT), headquartered in New York City, is one of the premier providers of business services and financial products to small and medium-sized businesses throughout the United States. Our alliance with Newtek began in February 2003.

How do credit unions benefit from this strategic alliance?

• Credit unions receive a one-time referral fee or an ongoing revenue share, depending on the specific service
• Credit unions can begin offering business services to their members quickly, with no up-front investment in additional staff or infrastructure
• Newtek provides marketing and training support for each credit union
• Newtek’s online referral system - NewTracker™ - allows credit union staff to enter and track the status of member referrals online, 24/7
• Each credit union chooses which of Newtek’s services they want to offer to their members – from one service to the entire suite

Why this provider over another?

Newtek is focused solely on providing services to small and medium-size businesses, and does so primarily through alliance relationships like ours. Newtek is a non-depository institution, which means they are not competing for members’ accounts. As such, Newtek works to preserve the relationship between each member and their credit union. A Newtek Business Services Specialist will answer each member's questions, provide thoughtful guidance and assist the member in the completion of the application.

Ready to get started?

• For more information, contact Rick Govek, CSS alliance manager, at 800-356-9655, ext. 4189, or rgovek@cuna.com.

More Information About Newtek Services

Business Lending: Newtek provides SBA-guaranteed small business loans, accounts receivable financing and commercial real estate financing. Funds can be used for a wide range of business needs including:

• Purchase or refinance commercial real estate
• Open, expand or acquire a business
• Finance working capital
• Purchase equipment
• Make leasehold improvements
• Refinance existing business debt

Merchant Processing: In addition to credit and debit card processing, Newtek’s additional value-added services include:

• Electronic Check Services - Check Conversion, Check Conversion with Guarantee, Check Verification, Remote Deposit Capture in accordance with Check 21 legislation, Electronic Check Recovery and Recurring Debit
• ACH - Electronic Funds Transfer and Recurring Billing
• Gift and Loyalty Cards - customized promotional tools
• eCommerce - Website builder, secure Internet payment gateway and shopping cart to run an online business
• Advantage Club - merchant club offers discounted supplies and online reports

Data Storage: Newtek provides fast, secure, off-site data backup, storage and retrieval systems designed to meet specific regulatory and compliance needs.

• No large, upfront hardware or software costs
• Access to files 24x7x365 via secure web-based administration portal
• Fully automated process with the ability to schedule backups to fit specific business needs
• Maintain detailed document versioning and history with quick and easy retrieval
• Meet all regulatory and legal requirements for data backup and retention

Website Design, Development & Hosting: Newtek is in the unique position to offer more than just a simple web design solution, but a fully comprehensive and effective web presence that will cover every critical aspect of online business. From one-on-one brainstorming sessions with a design specialist, to custom implementation and development, to personal account management throughout the life of an account, Newtek Web Services has the tools and resources to meet a business’ high demands.