LendKey provides credit unions access to high quality consumer loans to help deploy capital and diversify their balance sheets through a variety of assets, including home improvement loan participations.
LendKey, one of LEVERAGE’s preferred partners, offers a nationwide home improvement program that works with contractors to provide financing to creditworthy homeowners. Credit unions can deploy capital and mitigate risk by purchasing recurring loan participations at a 10% equity stake, with an approximate target net return of 3.00% on a weighted average life of 4.5 years.
LendKey has over ten years of experience facilitating these types of loan participations and has driven over $4 billion in total participation volume to credit unions.
To learn more about how LendKey can help your credit union deploy capital in 2023, email firstname.lastname@example.org or call 855-9EXPERT (855-939-7378).