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A Nod from the U.S. Small Business Administration
Isn’t it wonderful when hard work receives the recognition it deserves? Such is the case for St. Cloud Financial Credit Union. The U.S. Small Business Administration (SBA) is showing some love to this local gem.
An Honourable Distinction
On the 25th of September, this admirable institution will be honoured at a conference. Among ten Minnesota lenders, St. Cloud Financial Credit Union (SCFCU) has distinguished itself for its noteworthy efforts. The accolade results from the substantial percentage of loans they underwrite to support smaller companies. More about this can be found on the SBA website.
Championing Local Commerce
Executive Vice President and Chief Lending Officer Chase Larson, with great pride, articulates the significance of this achievement. “Small businesses are the heart of our communities,” he states, “and we are chuffed that our SBA lending efforts are truly making a difference.” His sentiment resonates with the team’s steadfast dedication to helping members reach their aspirations.
A Growing Portfolio
The credit union’s business and commercial lending division is certainly bustling. Their portfolio boasts over $60 million in loans. It represents a rapidly burgeoning segment of their operations, indicating robust growth and commitment to community service.
In Conclusion
Such recognition affirms the credit union’s outstanding contribution to local commerce. With their efforts, many smaller enterprises can flourish. A round of applause for SCFCU and its commendable achievements!
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