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Article: No More Ag Lag; Solution Can Handle Farmers' Unique Needs.(Technology)
- Article from:
- Credit Union Journal
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Matt Blumenfeld
WABASH, Ind.-Farmers here in the Corn Belt have found it tough to get ag loans from many banks as the recession has worn on.
But thanks in part to an upgraded core solution and an understanding of its ag community membership, Beacon CU here is able to provide much larger volume of agricultural loans to those who need it the most.
The $642-million credit union's move to utilize Open Solutions' The Complete Credit Union Solution: DNA earned it the distinction of Best Practice in Supporting Needs of a Unique Membership.
In the past 18 months, Beacon has grown its agricultural loan portfolio by nearly $60 million, ...