They want you to have a strong commercial lending background. Once onboard it was a different story. VERY conservative on the commercial side of the house, but awesome on the consumer side of the house (Very Pro Military and good on lending to consumers). They had a lot of restrictions when it came to obtaining a line of credit, did not offer for the first 7 years of the Business Services program. This is what small business need to handle short-term cash-flow needs. Hopefully they will loosing-up taking collateral on everything you own just for $50K loan and in some cases $20K+/- request. Great place to work, benefits are awesome, and if Business Services will loosen some of the conservative restrictions, thy could be more competitive against the commercial banks. I would recommend working for NFCU Business Services, but understand if you come from a liberal commercial lending background, do not expect to get lending terms and conditions that are favorable for the borrower(s). Underwriting wants to collateralize everything, most borrowers just give up and go else where with less restrictions. I know I lost a lot of businesses to local community banks and some credit unions.
