Our company is a Credit Union Service Organization (CUSO) that was founded as Midwest Business Solutions, LLC (MWBS) in 2009.  Our original founders and senior equity partners are:  Aberdeen Federal Credit Union (Aberdeen, SD), Black Hills Federal Credit Union (Rapid City, SD), Capital Credit Union (Bismarck, ND), Credit Union Association of the Dakotas, Highmark Federal Credit Union (Rapid City, SD), Mutual 1st Federal Credit Union (Omaha, NE), Town and Country Credit Union (Minot, ND), and Western Cooperative Credit Union (Williston, ND).

A CUSO is a collaborative group within a credit union or group of credit unions that has a specific focus and is staffed with expertise in that area.  Our focus is business lending, which we divide up into three different areas:  commercial real estate, all commercial real estate not tied to real estate, and agricultural lending.  We were created by our founders to underwrite, manage, and service large commercial participation loans that are shared by credit unions and banks.  We can offer different solutions that are outside the existing credit union, that may involve financing options like government guaranteed loans and tax credit equity.  These solutions help our partners be more relevant in their communities with projects that create jobs and increase social good.

Since our founding, we have other credit unions that have joined us as subscribers, or junior equity partners in MWBS.  Our partners receive a priority position on loan participation purchases, discounts on our services, and assistance with their credit administration.

As we have grown, we have expanded outside our original footprint in the Midwest with our work with credit unions and projects throughout the United States.  Our Board decided to create a new name for our company as a doing business as under MWBS.  Our business name is PACTOLA.  The name comes from a small river in Asia Minor called Pactolus.  The river was famous for gold that was washed from its sands.

Our goal is to help your institution increase your profitability with well managed loan assets.  We also provide essential support for your business lending section with back office credit administration support and education.  PACTOLA will help you become a bigger force in your community and increase your ability to serve others and increase social good.  We attempt to enrich all those folks we work with and the lives we touch each and every day.


Despite our roots in the Upper Midwest, we have expanded to work with CUs and borrowers across the United States. The red shaded states represent areas where we have CUs that are part of our equity group, CUs that have invested in our loans, or states that we have financed projects in.