Podcast: Download (Duration: 40:34 — 39.1MB)
The Advantages of Commercial Financing with a Credit Union
In this episode of the Investor Financing Podcast, Beau interviewed Chris Schlaffman, VP of Commercial Lending at Clark County Credit Union .
Credit unions tend to offer lower fees than banks. This is because of their not-for-profit business structure and their tax-exempt status. Rather than paying shareholders, credit unions are able to reinvest their earnings back into their members, decreasing the need to charge fees such as overdraft penalties.
About Chris
Chris Schlaffman started his banking career almost 40 years ago as a high school intern. He graduated from UNLV with a degree in Financial Services and later graduated from Pacific Coast Banker’s School through the University of Washington. He has held various roles including Chief Lending Officer, Commercial Loan Manager, Commercial Loan Officer, and Branch Manager. He currently works with the business members at Clark County CU and helps them get the lending they need to grow and develop their businesses. He has served on a number of Boards, including Treasurer of Green Valley United Methodist Church and Swain’s Creek Pines Lot Owners Association.