Bank Customer Ownership of Lenders Cooperative

Bank customers can now become part owners of Lenders Cooperative

In the News

Article Summary

Summit Technology Group and its bank clients have launched Lenders Cooperative, a standalone, client-owned entity offering software and shared services for community banks, credit unions and fintechs. The platform provides online loan origination for small-business commercial and industrial, Small Business Administration and other commercial loans. Lenders Cooperative's shared services include credit underwriting, SBA loan servicing and loan and deposit operations, as well as a white-label contact center for small-business borrowers who need help securing a loan. Financial services clients can gain equity ownership as clients.