Jax Federal Credit Union has become an equity partner by investing in CU Business Capital, LLC (CUBC), a business services CUSO originally chartered by Eastern Financial Credit Union in Miami. Among the business services programs JAXFCU said it is seeking to implement will be business loans and leases, deposit products, business eServices, payment solutions and more.
The $300-million credit union serves 31,000 members and will become a Tier 2 equity partner of CUBC, which entitles the credit union to discounts off CUBC's standard pricing structure, a vote to pick a Tier 2 board manager and dividends as granted by the CUBC board.
