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Albany Firemen’s Federal Credit Union joins CU First Responders Finance

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Albany, NY and Boca Raton, FL –CU First Responders Finance (CUFR) is excited to welcomeAlbany Firemen’s Federal Credit Union (AFFCU)to ourReferral Credit Union program. AFFCUis looking forward to offering businessloanservices to their membership.

CUFR’s business lending program provides the avenue for first responder credit unions to refer commercial real estate, apparatus, equipment, and other business loans for potential funding.

The referring credit union gets business loans on their books and the lead lender earns points and a portion of quality loans. Additionally, there is an opportunity to sell a portion of the loan back to the referring credit union.

“Albany Firemen’s FCU looks forward to offering Business lending through CUFR. This is a service we would not be able to provide by ourselves. Our members have often looked to us to assist them with this type of lending and we were unable to do so. We look forward to working with our new partners.” -Michael Tobler, Chairman of the Board.

Albany Firemen’s Federal Credit Union was the 609th federal credit union founded in 1935. AFFCUoffers banking services to the Albany Fire Department and Police Officers, the Rensselaer Fire Department, the Albany Airport Fire Department, Albany Long Shoreman/Port of Albany, BASF, Albany City and County Employees, the City of Troy Employees, Troy Housing Authority, RPI, The Sage Colleges, Troy Public Library, University Heights Association, Ferguson Waterworks, Central Business Improvement District. In addition to the members themselves, services are extended to their spouses and immediate family. Membership information and current rates may be obtained by calling (518) 453-9748or by visiting albanyfiremensfcu.com.

CU First Responder Finance is a partnership between the National Council of Firefighter Credit Unions and Biz Lending & Insurance Center, Inc. Our mission is to develop commercial real estate marketing and business lending programs specifically designed for first responder credit unions.  For more information call (561)393-3770 or visit financeresponders.com.

This content is for CU BUSINESS eMagazine , Special Deal: 2 websites , and NEW! The Leadership Team Builder Group Subscription members only.
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