Article: Three Credit Unions in Wisconsin's Fox Valley Join to Become Lending Force.

By Paul Gores, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News

Jan. 14--A joint venture of three Fox Valley credit unions set up to offer business loans is off to a fast start, a fact that troubles bankers opposed to the lending arrangement.

Since issuing its first loan in late 1999, the Neenah-based Business Lending Group has generated more than $60 million in loans. The loans have averaged $350,000, but some have been in the millions.

"That's an excellent start," said David L. Donihue, a partner in the Financial Institutions Group of the Wisconsin accounting and consulting firm Virchow, Krause & Co.

Donihue said ...

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