CU First Responders Finance (CUFR) welcomes Albany Firemen’s Federal Credit Union (AFFCU) to its Referral Credit Union program. AFFCU is looking forward to offering business loan services to its membership.
CUFR’s business lending program provides the avenue for first responder credit unions to refer commercial real estate, apparatus, equipment, and other business loans for potential funding.
Offering services
The referring credit union gets business loans on their books and the lead lender earns points and a portion of quality loans. Additionally, there is an opportunity to sell a portion of the loan back to the referring credit union.
“Albany Firemen’s FCU looks forward to offering Business lending through CUFR. This is a service we would not be able to provide by ourselves. Our members have often looked to us to assist them with this type of lending and we were unable to do so. We look forward to working with our new partners,” says Michael Tobler, Chairman of the Board.
