CBS History
The idea formulated in 2001 with a task force formed by the Ohio Credit Union League. Many credit unions had a desire to expand their offerings to include member business lending. From there, several credit unions gravitated to the idea of forming a CUSO and the rest is history. Founded 2003, CBS is headquartered in Cincinnati and opened its Columbus office in 2006 and Lexington, KY office in 2008.
What is Cooperative Business Services, LLC?
Cooperative Business Services provides comprehensive member business lending solutions for credit unions, including analysis, underwriting, servicing, documentation preparation, pricing, education, training, and strategic planning. Cooperatively owned by the OCUL Services Corporation and eight credit unions, Cooperative Business Services gives credit unions the opportunity to participate in Member Business Lending at a minimal cost without acquiring all of the loan risk on their balance sheets.