Strategic Link, a wholly owned subsidiary of the Northwest Credit Union Association, has added Mirador Financial, a small business lending platform for financial institutions, to the list of service providers available to CUs.
Mirador Financial, based in Portland, Ore., provides a cloud-based lending platform that it says enables credit unions to "quickly expand or implement" a small business lending program without additional infrastructure or development costs. The company said its platform allows CUs to effectively serve small- to medium-sized businesses, reduce and monitor risks, and better serve their members.
Mirador has been added to the NWCUA's roster of betaSpace technology solution providers. The trade association said the partnership enables credit unions in its service area to further support small businesses in their communities.
"We are firmly committed to helping credit unions take the lead in fintech, leveraging emerging technologies to drive efficiencies and ultimately better serve their members," Denise Gabel, chief operating officer of the NWCUA, said in a statement. "With Mirador now part of the betaSpace incubator, Northwest credit unions have access to the new small business lending technology."
"We are thrilled to partner with NWCUA and honored to be part of the betaSpace program," said Trevor Dryer, Mirador CEO and co-founder. "Small businesses are the key to economic stability and credit unions are a key source of their funding and support. Mirador understands this and supports NWCUA's commitment to helping credit unions better serve their members and communities by providing innovative, technology-based solutions to meet their small business lending needs."
NWCUA said its member credit unions can learn more about Mirador's small business lending solution by contacting Craig Reed, NWCUA's director of Strategic Partnerships, at 206-340-4789, or by email at firstname.lastname@example.org.
Financial Technology Startups
NWCUA launched its betaSpace program in fall 2014. It is designed to connect credit unions with financial technology startups seeking partnership to bring emerging technologies to credit unions. The trade group said Strategic Link "provides expertise and guidance to make it easier for credit unions to obtain access to technological advancements that enhance their members' experience." For more information about betaSpace, visit http://nwcuastrategiclink.com/creditunion/betaspace/.
Gabel said a completely revamped Strategic Link website is scheduled to launch in late April. Once ready, credit unions that visit the betaSpace page will be able to browse among more than 20 participating companies providing human resources, card services, mobile banking, operations and many other services.