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About Us Loan Services Deposit Services

History

Northeast Member Business Services, LLC (“Northeast”) is a credit union service organization headquartered in Keene, New Hampshire. Northeast’s business is to help credit unions enter the small business loan/deposit market, safely and profitably. Following completion of its development phase in late 2004, Northeast launched its small business program with its first credit union participant (“Partner”) during the second quarter of 2005. Northeast has grown steadily and continues to add partners and services as it pursues its key goal of remaining one of the top small business CUSOs in the country.

Partners

Northeast has continued to add Partners in order to maximize opportunities in the business service markets. Northeast’s Partners currently include:

  • California Credit Union (Glendale, CA)
  • Workers Credit Union (Fitchburg, MA)
  • RTN Federal Credit Union (Waltham, MA)
  • Metro Credit Union (Chelsea, MA)
  • HarborOne Credit Union (Brockton, MA)
  • University Credit Union (Orono, ME)
  • Freedom Credit Union (Springfield, MA)
  • Heritage Family Credit Union (Rutland, VT)
  • Merrimack Valley Credit Union (Lawrence, MA)
  • Cambridge Portuguese Credit Union (Somerville, MA)
  • Westerly Community Credit Union (Westerly, RI)
  • Medical Area Federal Credit Union (Boston, MA)
  • Crescent Credit Union (Brockton, MA)
  • Texas Trust Credit Union (Mansfield, TX)
  • Liberty Bay Credit Union (Braintree, MA)
  • Coventry Credit Union (Coventry, RI)
  • Vermont Federal Credit Union (Burlington, VT)
  • Southbridge Credit Union (Southbridge, MA)

These Partners comprise a network of over 100 branches, through which business products and services are sold. Northeast has processed over $500,000,000 of its partners’ small business and commercial real estate applications.

Ownership/Leadership

Northeast is extremely well capitalized for the business it operates, with $2,625,000 of equity at this time; more capital may be added to expand operations and develop new products for the small business and other markets. Owners include:

Northeast’s owners are exceptionally sound financially, with approximately $6,000,000,000 in aggregate assets, $600,000,000 in aggregate equity, and an average net worth/total assets ratio exceeding 10 percent. Northeast’s Board of Managers is comprised of some of our industry’s top CEOs, who work closely with management to ensure long-term success for the CUSO and its partners.

 

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