Indiana Members CU Presents $1,500 to Local High School
Dedicated to sharing the positive impact credit unions have on people and their communities.
United Federal CU Community Campaign Recognized by Local United Way
Dedicated to sharing the positive impact credit unions have on people and their communities.
All In Credit Union Donates Over $15,000 to Cystic Fibrosis Foundation
Dedicated to sharing the positive impact credit unions have on people and their communities.
GCS Donates Over $1,000 to Provide Lunches for Summer Program
Dedicated to sharing the positive impact credit unions have on people and their communities.
Tropical Financial Credit Union Awards $10,000 in Scholarships to Local Students
Dedicated to sharing the positive impact credit unions have on people and their communities.

Credit Unions Making Commercial Lending Easier for Minnesota Businesses

MINNEAPOLIS, Minn. (May 3, 2022) – Four leading Minnesota-based credit unions announced today they have launched a new Credit Union Service Organization (CUSO) that opens the door for credit unions to collaborate on lending opportunities for public and private commercial and infrastructure projects throughout Minnesota and the Upper Midwest. Named United Financials Capital (UFC), its founding members include:

  • Affinity Plus Federal Credit Union

  • Hiway Credit Union

  • SPIRE Credit Union

  • TopLine Federal Credit Union

“Speaking on behalf of the founding credit union CEOs, we’re excited to launch United Financials Capital, moving beyond ideas and discussions to collaborative action,” said Dave Boden, President/CEO of Hiway Credit Union, who serves as board chair for the new organization. ”We’re here to bring the power of credit union values and the combined resources of our organizations to the commercial lending marketplace.  We believe this is just a starting point: Our mission, and obligation, is to serve and support MN credit unions of all sizes We deeply believe we are all stronger if we work together.”

“This partnership is a game-changer for Minnesota credit unions and businesses seeking commercial lending, as it allows credit unions throughout the state to compete for larger projects with the competitive terms and service credit unions are known for,” said Michael Dalglish, CEO and Founder of UFC.

Through this partnership, UFC seeks to empower credit unions to access new opportunities in their communities and better serve their members – while giving back to Minnesotans under the umbrella of the not-for-profit financial cooperative movement. By building on existing resources in each identified target market, UFC hopes to reduce costs, increase revenue and create new opportunities for credit unions.

“Our aim is that UFC owners and subscribers all benefit from their shared expertise and bring value to businesses and community developers, all while enhancing the member experience,” added Dalglish.

In addition, Dalglish said the organization seeks to create a safe zone of innovation for vetting new business ideas within the credit union model.

“We believe working together will be a catalyst for future development in the credit union industry. As a group, we have taken a creative approach towards financing projects and helping better serve our combined 500,000 members,” said Dalglish.

The organization plans to identify, evaluate and pursue new public-private partnerships within the communities served by its members – with the goal of providing additional lending opportunities.

“The short-term and long-term outlook for collaboration, along with increased efficiency, provides strong potential for long-term growth and opportunity,” said Dalglish.

According to Boden, “Minnesota credit unions have always been at the heart of small and mid-sized business lending for many communities throughout the state Combining resources and working together through the United Financials Capital CUSO can extend the reach of credit unions to opportunities often not otherwise available, and truly enable the organizations to be a significant economic engine for growth in Minnesota and beyond.”

Learn more about our team at: www.UnitedFinancialsCapital.com

 


SHARE YOUR STORY

Have a story about the social impact of your Credit Union? We'd love to hear it!

CU SOCIAL GOOD MAP

What kind of social impact are credit unions in your area making?

CALL US TODAY! 701.250.3966

Send A Message

Emp Email


CUsocialGood is a division of the Dakota Credit Union Association.
design & programming by Armor Interactive