W ith a 56% expansion in its business-lending portfolio last year, American Heritage Federal Credit Union is proving that growth is possible despite the odds.
The $1.1 billion financial institution in Philadelphia has amassed $66 million as of December 2011 with the majority of business loan applications approved for nonowner occupied real estate.
"We had a good number of opportunities and still have a strong pipeline of approved deals pending," said Bruce Foulke, president/CEO of American Heritage.
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