Investing In Our Future
About UFC
Our goal is to facilitate collaboration and drive organizational efficiencies through selected services and create a safe zone for new ideas that can be properly vetted. This CUSO will help credit unions improve and develop the essential resources needed to survive today’s new economic challenges. Building a strong foundation within our identified target markets and utilizing existing resources will reduce costs, increase revenue, and create a better member experience. The strategic targeted categories and other efficiencies as they emerge will allow credit unions to focus on their core competencies.
- Community relationships
- Loan services
- Pool purchase participations (Mitigating Risk)
- Competitive rates
- Broad access to many industry experts
- SBA programs and experts
- Negotiation expertise w/participations pools
- New business ventures
- Business commercial lending
- Efficiencies with loan servicing partners
UFC Approach
UFC plans to provide resources and services within the credit union space to expand collective credit union market reach. The business plan addresses demand for accessible, cost effective, impactful collaborative solutions; providing much needed back-office support.
Strategic Categories:
- Community relationships
- Loan services
- Pool purchase participations (Mitigating Risk)
- Competitive rates
- Broad access to many industry experts
- SBA programs and experts
- Negotiation expertise w/participations pools
- New business ventures
- Business commercial lending
- Efficiencies with loan servicing partners
Community relationships
Led by four not-for-profit financial cooperative organizations, we’re committed to developing unique ways to unite our industry, give back to our communities and create a winning platform for everyone involved.
Volunteer, Charity, Helping, Sharing, Giving, Donate, Assisting!
Loan services
Loan servicing includes sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow funds), remitting funds to the note holder, and following up any delinquencies.
Pool purchase participations (Mitigating Risk)
The advantages of loan participations to an originating/seller credit union are that the seller obtains liquidity to serve other members, has a tool to manage regulatory loan caps and spreads its lending risks. The advantage of loan participations to a buying credit union is the ability to earn a good return on assets.
Competitive rates
Non-for-profits and Cooperative organizations, in the financial space often choose to reinvest their profits back into programs, like lowering interest rates, minimum fees, etc. Since credit unions work off of a different business structure, they are able to offer lower interest rates and reduce fees.
Broad access to many industry experts
Our goal is to Enhance Credit Unions capabilities through collaboration and remove redundancies while taking care of peoples needs. Why UFC?
- You want a say in what happens with your money.
- You enjoy low-interest loans.
- You value customer service and positive relationships.
SBA programs and experts
SBA was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, preserve free competitive enterprise and maintain and strengthen the overall economy.
Negotiation expertise w/participations pools
This shared service environment will allow credit unions to negotiate solid long term agreements.
New business ventures
UFC was established by Credit Unions for the ability to collaborate on new business ventures and partner on large lending opportunities throughout the upper Midwest. We are excited to be able to offer solutions for these business participation.
Business commercial lending
UFC is focused on helping businesses build their local communities all while giving back to Minnesotans. Pursuing collaborative opportunities in both small business and the larger lending space ($5-50 million), UFC will provide funding support that will help businesses grow, stimulate our economy and provide jobs.
Efficiencies with loan servicing partners
UFC’s plan addresses the demand for accessible, cost effective, impactful collaborative solutions, providing a much needed back-office support. This shared service environment will allow credit unions to remove redundancies, generate efficiencies, cut costs and focus on optimizing their member relationship and core competencies.
Collaboration, Making an Impact!
"United Financials Capital is one of the most forward thinking business resources we've been involved with. Simply amazing!"
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