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Salal Loan Participation Program

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Your Returns

with Secure, High-Performing Loans

Salal’s Loan Participation Program gives your financial institution a powerful tool to manage your loan-to-shares ratio, boost loan growth, and generate higher returns on your assets. Our program provides your institution with full, turnkey service—which means you don’t have to hire extra staff.

 

Grow your revenue without adding overhead—we service all loans in-house.

Diversify your loan portfolio with secure, high-performing consumer loans.

Manage your loan-to-share ratio and fine-tune liquidity.

Improve your
ROA.

Connect with Our Loan Participation Team

What Makes Salal Participation Loans Different?

Proven track record and performance.

 

At Salal, we have a history of strong loan portfolio performance, guided by a team with decades of lending experience. We outperform the credit union industry in many key loan metrics, including:

  • Higher net interest margins.
  • Quality of borrower credit.
  • Delinquency and charge-off rates well below the industry average.

Diverse loan packages.

Get access to a variety of A-paper loan packages, including first mortgages, uniquely low-risk solar loans, and other home improvement loan types.

Participation loans made easy.

We support you at every step of the process, from working with your Board of Directors to providing due diligence documentation and easy access to participation reports. Plus, Salal continues to service our participated loans, saving you money on administrative costs.

Ready to find out more?

Fill out our form and get connected with a Salal loan participation specialist. 

 
Robert Schweigert

Senior Vice President, Chief Lending Officer

 

206.826.7604 | BobS@SalalCU.org

 
Bob has worked in the indirect lending industry since 1984. He served as Vice President of Lending at Washington Credit Union (1st Security Bank), where in 1995 he started their indirect dealer lending program. Before Bob came to Salal, he was a Vice President—Senior Private Banker at Wells Fargo. He started Salal’s Dealer Direct Lending program in 2009, which has funded over $1.5 billion in home improvement and solar loans.
 
Rod West

Capital Markets Manager, Participation Loan Operations

 

206.826.7624 | RWest@SalalCU.org

 

Rod has over 14 years of finance industry experience in consumer, mortgage, and business lending. He has managed Salal’s Loan Participation Program since 2018, working with Salal Chief Lending Officer Bob Schweigert to expand the program from $15 million in annual loan sales to over $100 million. Before coming to Salal, Rod worked at Wells Fargo, Square, and Penny Smart Girl.

 

About Salal

Headquartered in Seattle, Salal Credit Union is a not-for-profit financial co-op that believes people are powerful when we work together. Founded by healthcare workers in 1948, today we have over 59,000 members and more than $1.2 billion in assets. We are committed to giving 5% of our annual income to help people and causes in the communities we serve, with a special focus on social equity, housing insecurity, healthcare, and expanding access to solar energy.

Since 2009, our Dealer Direct Lending program has processed over 152,000 applications and funded over $1.5 billion in loans. We partner with over 300 dealers across the country and are set up to lend in all 50 states—helping diversify your loan type and geographic distribution.

 
Routing Number: 325081610
PO Box 75029, Seattle, WA 98175
Salal CU NMLS #416045
Equal Housing Opportunity Federally Insured by NCUA
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Schedule a Free Homebuyer Planning Session

Fill out the form below and one of our Mortgage Advisors will get back to you within 1-2 business days. Their recommendations come with no obligation.

Schedule a Free Homebuyer Planning Session

Fill out the form below and one of our Mortgage Advisors will get back to you within 1-2 business days. Their recommendations come with no obligation.

Schedule a Free Mortgage Review Session

Fill out the form below and one of our Mortgage Advisors will get back to you within 1-2 business days. Their recommendations come with no obligation.

Schedule a Call

Select your state below to schedule a call with the Salal Dealer Direct representative in your region.

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