Michigan Credit Union League & Affiliates: Credit Unions, Coffee and Conversation with Element 22 CEO Kenneth Leonard
Kenny sits down with Michigan Credit Union League CEO Patty Corkery on this week’s episode of Credit Unions, Coffee and Conversation. They discuss the general state of lending, including rising interest rates, how Element 22 helps credit unions with business lending and more. If you are looking to get to know more about Element 22 Commercial Group as a whole and the services we offer, this episode is a very easy and great listen.
Honor CU helps achieve state service organization through Element 22
Honor Credit Union is a part of a major new strategic partnership that has been developed with Element 22 Commercial Group, along with ten other credit union investors.
Element 22 recently finalized its partnership with those ten credit union investors, making the transition to a Credit Union Service Organization (CUSO).
Kenneth Leonard Discusses the Paycheck Protection Program
“I had a great opportunity to sit down with CU Solutions Group Compliance Cares to discuss the Paycheck Protection Program (PPP). We had the interview a few days ago and have since learned some new things we didn’t know at the time of the interview, so be sure to check the latest SBA FAQs for the most current info.
You can check out the interview here. You do have to register, but it is free to do so.
Element 22 Commercial Group raises $500,000 from 10 Credit unions, transitions to CUSO
PORTAGE – Kenneth Leonard and Ryan Reffitt originally set out to provide small banks and credit unions across Michigan with underwriting and other support services for writing business loans.
As they traveled the state pitching Element 22 Commercial Group LLC, several interested credit unions raised another idea. They suggested becoming equity investors and transitioning Element 22 into a CUSO, or Credit Union Service Organization.