20 Oct 2020
CU First Responders Finance (CUFR) is excited to welcome Baton Rouge Fire Department Federal Credit Union (BRFDFCU) to the Referral Credit Union program. BRFDFCU 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.
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.