Newtek Business Services expands IT services for credit unions

Source: Newtek Business Services

Credit unions and their members will have access to a suite of recently developed information technology services through an expanded endorsement agreement between Newtek Business Services, Inc. (Nasdaq: NKBS) and CUNA.

The services include data storage backup, archival and retrieval services, Web site hosting, and Web site design and development services. The services were designed to be utilized by the credit unions themselves and for sale to business and other members of the credit unions needing such services.

Barry Sloane, Chairman and CEO of Newtek Business Services, Inc., said, "These information technology services are part of the business set of offerings which provide for a broad array of business and financial services to be utilized by credit unions and their members across the United States."

"Currently 35 credit union leagues representing approximately 6,155 credit unions endorse Newtek Business Services for SBA Lending and Merchant Processing and these additional information technology offerings, along with others that will be announced in the near future, will provide a robust platform providing high quality member business services," Sloane continued. "The ability to efficiently and effectively distribute these services across all 50 states to 9,000 credit unions and their members is a hallmark of Newtek Business Services, Inc. offerings. This exclusive endorsement is for a three-year term."

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