Larry Middleman wrote the original business plan for Portland, Oregon-based commercial services business group CUSO CU by hand on a piece of paper, front and back, while stuck in an airport during five o’clock in 2001. Now he’s preparing to retire from his role as CUSO President/CEO – which is still practicing some of the original business model concepts he noted during that long layover – but not before d enjoyed CUBG’s first in-person conferences since 2019.
In 20 years, Middleman has grown CUBG from that hand-written business plan to the industry’s largest business service, CUSO. Now owned by six credit unions, CUBG employs 75 people, manages more than $2.5 billion in commercial loans, hosts numerous educational events, and recently expanded into SBA lending through the acquisition of fellow CUSO. . He will retire at the end of September, just after CUSO completes its first post-pandemic in-person conferences in Portland and Memphis, Tennessee, and will be replaced by Justin Conrey, who has spent the past five years as CUBG. executive.