¡¡¡¡LAS VEGAS, Oct. 15 /PRNewswire/ -- Member Business Lending, LLC. (MBL), the leading provider of credit union-based SBA loans for the underserved U.S. small business community, and WesCorp Federal Credit Union today jointly announced the creation of a new SBA 504 Secondary Market Program designed to provide credit unions the opportunity to significantly reduce regulatory caps, improve ROA, reduce risk and expand business lending options. The announcement was made today at the 2007 Member Business Lending Leadership Summit in Las Vegas, NV.

    "This program offers credit unions the opportunity to substantially improve their ROA, reduce risk of loss, and expand penetration of the commercial real estate market and other business services," said Kent Moon, president and CEO of MBL. "Most importantly, the program can literally eliminate the regulatory cap."

    Currently, regulations limit a credit union''s member business lending assets to 12.25 percent of total assets. By taking advantage of the MBL/WesCorp program, credit unions can move those assets to the secondary market, eliminating the regulatory cap and freeing up assets for additional business lending.

    SBA 504 loans also provide significant positive features for member borrowers, including lower down payment, extended terms and lower blended interest rates. "These features make these loans highly attractive to many small businesses, driving additional opportunities for credit unions," added Moon.

    "This segment of the investment market is showing strong growth and favorable future potential," said Bob Burrell, EVP/chief investment officer for WesCorp. "We are excited about the opportunities this will provide for credit unions to increase their business services reach as well as their profitability."

    Attendees at the Summit received specific program details and tips on implementing it in their own operations through seminars led by Moon and Burrell. Further information is available by visiting http://www.mblllc.com or by contacting Bethanie Werner, AVP of Credit Union Development at 801-325-6563 or bwerner@mblllc.com.

    About MBL

    Member Business Lending, LLC. (MBL) is the leading provider of business lending services to credit unions in the nation, and the largest credit union-based producer of SBA loans. Founded in 2004, MBL represents a consortium of credit union lenders who have combined their resources to maximize small business lending expertise, efficiency and quality. MBL''s expert staff specializes in training, underwriting, processing and servicing for conventional and government loan programs. For more information, visit http://www.mblllc.com.

    About WesCorp

    Established in 1969, WesCorp is Western Corporate Federal Credit Union -- America''s largest corporate credit union. As a financial-services cooperative with approximately $29 billion in assets and more than 1,000 member/owner credit unions located throughout the United States and Guam, WesCorp operates under authorities granted by The National Credit Union Administration. WesCorp serves its credit union membership through an array of investment, credit, payment, funds-transfer, and settlement solutions supported by a variety of educational conferences, publications and webcasts. Headquartered in San Dimas, California, WesCorp also provides member service through offices in Boise, Idaho; Honolulu, Hawaii; Salt Lake City, Utah; San Leandro, California; and Seattle and Spokane, Washington. Visit http://www.wescorp.org for more information.

    Press Contacts: Mark Dayton Next Phase Communications (for MBL) 801.830.4197 mdayton@npcomm.com Kimball Thomson Next Phase Communications (for MBL) 801.918.3637 kthomson@npcomm.com

    Source: Member Business Lending, LLC
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