Tru Treasury, the industry's first full-service treasury management Credit Union Service Organization (CUSO), announces a strategic partnership with Member Business Financial Services (MBFS), a leading provider of business lending solutions to credit unions. This alliance is set to significantly enrich the financial services offered to credit unions, enabling them to deliver more competitive and comprehensive services to their business members.
Since its inception in 2020, Tru Treasury has been committed to equipping community financial institutions with the tools, knowledge, and products necessary to provide top-tier treasury solutions. By partnering with MBFS, renowned for its assistance to credit unions in acquiring, underwriting, processing, funding, and servicing business loans, the collaboration will provide an integrated set of commercial capabilities previously exclusive to larger financial institutions. John Ballantyne, CEO of Tru Treasury, shared his enthusiasm for the new partnership, stating, “Our alliance with MBFS is a significant step towards fulfilling our mission of delivering unparalleled treasury management solutions to credit unions. This partnership not only extends our service capabilities but also reinforces our dedication to supporting the growth and success of the credit union sector.”
MBFS, with its extensive background and a managed servicing portfolio surpassing $2.5 billion, brings a wealth of experience to the partnership, offering a full range of services designed to meet the diverse needs of credit unions nationwide. This strategic collaboration is anticipated to empower credit unions with the necessary resources and expertise to excel in the competitive financial services landscape, encouraging innovation and expansion.
“Partnering with Tru Treasury will allow us to expand the suite of services we are able to bring to our credit union partners. This is an area where credit unions have not had the same resources and systems that many other financial institutions have had. This software will help to level the playing field for our partners. We are very excited about this opportunity ,” remarked Mark Ritter, CEO of MBFS.
The partnership between Tru Treasury and MBFS combines the best in treasury management with superior business lending solutions, equipping credit unions with an all-encompassing suite of services. These innovations are designed to streamline lending processes, enhance treasury management functions, and attract and retain commercial members. With these robust tools, previously exclusive to larger institutions, this strategic alliance empowers credit unions to achieve unprecedented success and fosters a new era of growth and innovation in the financial sector.