Through this website, the National Council of Firefighter Credit Unions (NCOFCU) said its member credit unions can offer commercial and business loans to volunteer and municipal fire departments, first responder businesses, and associations.
“CUFR’s Referral Credit Union solution allows smaller credit unions to provide incremental and tangible value for their customers, while giving them the opportunity to recruit new members,” the organization said. “FinanceResponders.com provides the avenue for the Referral Credit Union to originate direct commercial real estate, business loans and generate non-interest income.”
Business Lending Expertise
CUFR said it also provides business lending expertise, pre-screens the loan request, and matches it to a lead lender in its program. When lead lenders fund a loan, they can opt to portfolio the entire loan or sell participations back to the referring credit union, the organization said.
CU First Responders Finance, LLC is a collaboration of credit unions and finance service providers that are committed to the development of first responder credit unions, their members, and communities nationwide. It is a partnership between NCOFCU and Biz Lending & Insurance Center, Inc.