Loan Purchase Program
The goal of this program is to allow credit unions to maintain their relationship with their members, giving them the ability to offer seamless service to their borrower while dealing with a third party funding source.  This program assists credit unions with regulatory and liquidity management, and enables them to service large term loans, which typically exceed lending limits, for individual members.  Concentra will syndicate loans with credit unions through the purchase of a single loan, a group of loans, or a portion of a credit union’s loan portfolio.  Ideally, Concentra will be positioned as part of your credit union’s growth strategy where we are purchasing loans on a regular basis to assist with your business expansion objectives. Loan types included in this program typically consist of commercial or residential mortgage assets.