SAN ANTONIO -- UNITED SA Federal Credit Union said it has received the "Rising Star" recognition from the Small Business Administration's San Antonio district office for its support of local small businesses.
The $215 million UNITED SA FCU was approved to start offering SBA loans in May 2007 and in August 2007, received the agency's Express lender designation. The first SBA loan was approved in December 2007 and since then the credit union has completed 16 more loans totaling $759,200 to assist members who are current or aspiring business owners, according to the credit union.
"We are proud to be able to offer this financing option to members and potential members," said Steve Coomes, president/CEO of UNITED SA FCU. "Many in this community possess an entrepreneurial spirit and we look forward to helping them realize their dreams."
The credit union serves nearly 30,000 members.