Bucking the current MBL issue, MidUSA Credit Union has created a new revenue accelerator program for its small business members to allow them to receive funds faster and more efficiently. A pretty cool program and a definite value add for MidUSA, its NOWaccount works by advancing -- not loaning or factoring -- the money owed to a business’ accounts receivable department for a flat fee.
To get the details on MidUSA's NOWaccount, we invited the credit union's Business Development Manager Christy Eby. We discussed how the program came about, how it will benefit the credit union, what goals they have for it, and any advice for other credit unions looking to do something similar. The Ohio Credit Union League has also been helpful connecting credit unions across the state with NOWaccount. Enjoy!
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.