Lizeth GeorgeAs recession clouds build in the distance now is an excellent time to begin planning for what’s to come. Credit Union Loan Source (CULS) has a program that can help credit unions weather the storm. Their unique loan participation program is available to state-chartered credit unions and has an outstanding 17-year track record of assisting credit unions with their balance sheet management.
The CULS program is well suited for today’s rising rate environment, as participants purchase CULS originated loans each month, reducing the interest rate risk for credit unions. From a credit quality perspective they are well-positioned for a turbulent economy, CULS only originates Prime quality loans with average FICO scores above 750.
Yields are on the rise now and are expected to grow each month, credit unions can benefit now and prepare for what may come tomorrow. To learn more about how a relationship with CULS can benefit your credit union, email a LEVERAGE Business Development Consultant at consult@myleverage.com, or call 855-9EXPERT (855-939-7378).
