Riverside County's Credit Union Partners to Offer Commercial Real Estate and Small Business...

Riverside County's Credit Union has taken one step further in becoming a fall service financial institution by partnering with Business Partners, LLC to provide commercial real estate loans and small business lending.

Business Partners, LLC, a credit union service organization (CUSO), founded

by Telesis Community Credit Union in Chatsworth, is a full-service, in-house, business-lending organization specializing in the areas of loan origination, underwriting, loan participation and quality control for commercial real estate and small business loans. The Business Partner platform enables credit unions, like RCCU to expand their product offerings and services in addition to attaining loan growth within a secure and successful third party program.

Since May 1995, more than 90 partners have contracted with Business Partners, LLC, accounting for more than $500 million in assets under their management. In a region for economic development this new initiative will position the credit union as a competitive force and financial partner for area real estate brokers, developers and business owners. Recently, Dan Kelly of Business Partners was appointed commercial real estate loan officer for Riverside County's Credit Union. Kelly's objective is to work with local RCCU branches to target business owners, developers and real estate brokers looking to secure real estate loans from $500,000 to $40 million for new and existing owneroccupied properties or income producing properties.

"By entering the business market sector, we are significantly expanding our products and services to our membership and community," said Gerry Agnes, executive vice president, chief operating officer. "Establishing RCCU as a onestop shop for financial services allows business owners the ability to enter or expand in the marketplace in a safe and profitable way."

Collaborating with Business Partners provides RCCU a fully automated loan program, including online applications and underwriting with instant approvals over the Internet. Beginning in spring 2004, small business owners seeking loans in the amount of $250,000 and lower will know the future of their business by a simple "click of the mouse," a telephone call, or by visiting one of the business center branches.

All business lending, deposits and service questions are managed locally through the credit union's branches and designated representatives, therefore creating a onestop financial shop for members.

Riverside County's Credit Union Appoints Branch Manager for New Corona Branch

In anticipation of the grand opening of their newest branch in Corona, located at 2331 Compton Avenue, Riverside County's Credit Union has appointed Estella Cline of Temecula as branch manager.

Cline has worked within the credit union industry for 17 years, beginning as a teller and working her way to management status. Previously, employed by USA Federal Credit Union, she established one of its most successful branches. A native Californian, Cline serves on three boards: Habitat for Humanity, Southwest Riverside YMCA and Mountain View Community Church.

Riverside County's Credit Union is open to anyone who lives, works, attends school or worships in Riverside County. RCCU was named a finalist as a "Top Company to Work For in the Inland Empire "for the third consecutive year, and was also recently recognized with its second prestigious California Baldridge Award for Performance Excellence award. RCCU also has been cited as: "Readers' Choice for Best Financial Institution"- Press Enterprise; "Corporation of the Year" - NAACP; "Business of the Year" -The Greater Riverside Chambers of Commerce; and "2001 Winner, Top Company to Work for in the Inland Empire" The Business Press. For more information, visit www.rccu.org or call 1.888.883.RCCU.