Ohio HealthCare Federal Credit Union CEO Bill Butler joins us on the show to share his unique loan participation plan that not only helped his 90% loaned out credit union but two other Ohio healthcare credit unions enhance their loan portfolios, as well.
With examiners telling Bill he needed more cash liquidity to achieve a better balance with his highly successful lending programs, he and his team got creative and considered a loan participation plan to gain this much-needed cash and to help other area credit unions at the same time. And from here, I will let Bill tell the rest of his amazing story that is still playing out today.
Check it out and let us know your thoughts, as Bill shares the benefits of this endeavor and provides a bit of practical advice for other credit unions looking to something similar.
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.