Member Business Services Through a Referral Program: Micro-lending Program (Branch cash advance), payroll services, merchant processing, data storage, health and benefit insurance, business lending and website design, development and hosting.
Newtek Business Services Corp (NASDAQ: NEWT) provides services to more than 100,000 business accounts in all 50 states. CUNA Strategic Service's alliance with Newtek began in February 2003. Newtek is a solutions provider to small and medium sized business owners through their website thesba.com. The website is a portal for small-business owners who desire market data, intelligence, advice and services.
Retain your members. Provide a service to the community. And earn a fee for referring business to Newtek. It’s as easy as asking members,“Can I tell you about the small business products that we offer?” If there’s interest, a professional from Newtek will do the rest.
Newtek is focused solely on providing services to small and medium-size businesses, and does so primarily through alliance relationships. Newtek is a non-depository institution, which means they are not competing for members' accounts. As such, the company works to preserve the relationship between each member and their credit union. A business services specialist will answer each member's questions, provide thoughtful guidance, and assist the member in the completion of the application.
For more information, contact Brenda Halverson, CUNA Strategic Services alliance manager, at 800-356-9655, ext. 4110, or [email protected]. Or contact Newtek directly by calling 1-855-763-9835.
Payroll Services: Newtek offers payroll services that are safe, sophisticated, and completely online. All transactions use 128-bit SSL encryption, which ensures data transmissions are secure. The hosting data center is SAS 70 Type II certified, meeting the strictest privacy and security standards, including Sarbanes-Oxley and HIPAA. Automatic backups, redundancy, and disaster recovery ensure the integrity and availability of all data. These payroll services are perfect for small businesses, whether they employ one or 250 employees.
Health and Benefit Insurance: By working through Newtek Insurance Agency, credit union small business members now have access to health and benefit insurance. Licensed in all 50 states, Newtek Insurance Agency works with more than 40 highly rated carriers to provide the best and most cost-effective health and benefits products, including:
Business Lending: Newtek provides SBA-guaranteed small business loans, accounts receivable financing and commercial real estate financing. Funds can be used for a wide range of business needs including:
Website Design, Development & Hosting: Newtek is in the unique position to offer small and medium-sized businesses a comprehensive and effective web presence. From one-on-one brainstorming sessions with a design specialist, to custom implementation and development, to personal account management throughout the life of an account, Newtek has the tools and resources to meet a business's needs.
"I called our member, and within two hours someone from Newtek was speaking to him, I was happy not to have to refer him to a bank around the corner."
Connie Kriescher, Vice President N.E.W Credit Union
"Members 1st is very proud and grateful for our partnership with Newtek and the many services matched with our members’ needs and opportunities. Their responsiveness to our members is outstanding, their process is seamless as if they are on our staff, and they are committed to delivering quality products, rates, and service to our members."
Robb Keith, SVP-Retail Services, Members 1st Federal Credit Union