Members Cooperative Credit Union Named Top Minnesota Credit Union by Small Business Administration
Friday, September 20, 2019
Members Cooperative Credit Union -- Duluth, Minn. (September 10, 2019) --
Members Cooperative Credit Union (MCCU) has been named the top 2019 Minnesota Credit Union of the Year by the U.S. Small Business Administration(SBA).
This award is being presented to MCCU in recognition of their excellent SBA activity for the fiscal year. From July 1, 2018, to June 30, 2019, MCCU closed over $3 million in SBA-guaranteed approved loans, ranking them the top SBA credit union in Minnesota.
“We know that without capital, small businesses struggle to survive,” pointed out SBA Minnesota District Director Nancy Libersky. “This is why we work so hard to ensure the funding tap doesn’t run dry. But we can’t do it alone. Using SBA loan programs, organizations like MCCU are helping small businesses succeed every day, and it’s wonderful to be able to honor their efforts supporting our state’s economy.”
“Being named SBA’s Top Minnesota Credit Union this year is very rewarding,” said Neil Sample, Vice President of Commercial Lending.” “We recognize that small businesses are the cornerstone of our local economy. This award demonstrates our ability to be creative and supportive of our business members needs and provide them with solutions”.
MCCU will be honored at the Seventh Annual SBA Minnesota Lenders Conference on September 13, 2019.
MCCU provides outstanding, personalized service, and specializes in real estate loans, equipment loans, merchant processing and deposit services for businesses of all sizes. Further information about MCCU’s business services department can be found at www.membersccu.org.
About Members Cooperative Credit Union
MCCU offers local service, smart financial products and dynamic education programs to its branch communities. MCCU is proud to be the largest credit union based north of the Twin Cities, uniting communities since 1936 and serving its member/owners with more locations than any other credit union in the region. For more information on MCCU, visit membersccu.org or call 218-625-8500.