 |
 |
 |
|
|
 |
FAQs
A: CUSO stands for a credit union service organization. Credit unions invest capital and resources in CUSOs as a collaborative effort to provide additional services to their members. However, CUSOs are legally independent from their credit unions.
Q: Are non-members able to borrow from MBC? A: MBC has a limited ability to assist non-credit union members. MBC maintains relationships with numerous regional and national banking and investment sources to place loans when one of our credit unions is unable or unwilling to provide the funding.
Q: In what geographic markets does MBC make loans? A: MBC primarily focuses on the lower peninsula of Michigan.
Q: What are the costs to apply for a loan? A: There is no cost to existing members of our participating credit unions to apply for a loan. Non-members may be charged an application fee to cover the costs of initial investigations.
|
 |
 |
