New Business Services, MBL Networking Group Starting Soon
July 18, 2016
July 18, 2016
Mike Testerman, Director of Commercial Services for Bend, OR-based Mid Oregon Credit Union, had an idea.
He wanted to work with other credit unions doing member business lending and other commercial services to leverage their shared experiences, skills and talents. As someone coming from a background in commercial banking, himself, Testerman saw an opportunity for credit unions to engage in more business and community development while embracing their cooperative principles.
“We do the best by our members, whether it’s on a personal basis or increasingly, a commercial basis” he said. “As they say—the rising tide lifts all boats—there are a lot of opportunities here, to do it together.”
That effort comes into focus on August 10—on the heels of the CU Business Conference—when Testerman will be joined by colleagues from around the Northwest to form the group, network, and learn what other credit unions are doing.
“We also want to create a database of what credit unions around the region are offering their members. Remote deposit capture? Business online banking? Do they provide guaranteed loans?,” he said. Also, participants can share information about the software being used for financial analysis and operating systems so that if someone needs a resource to discuss a problem, they could refer to the shared database of credit union commercial services departments.
The group is meant for the benefit of the credit union’s commercial services staff, while giving them a chance to share both concrete ideas and best practices, and also a shared approach to lending. For example, if one credit union has a commercial loan opportunity too big for them, they can approach peers to consider a mutually beneficial participation loan.
“We don’t have a set agenda except to make it relevant to the people involved. All of us will get better at our jobs, and it will increase the stability of credit unions and their influence in those business communities.”
Credit unions looking to participate share their knowledge for the database here. To RSVP for the August 10 meeting, click here or contact NWCUA Community Manager Carmen Vigil at email@example.com or 206-340-4817.
Questions about this story? Contact Eric Horvath: 503.350.2222, firstname.lastname@example.org.
Posted in NWCUA.