Credit Union Guides Trucker’s Drive on Entrepreneurial Road
ODENVILLE, Ala. — Two days before Christmas in 2007, Glenn and Sara Sasser’s plans were obliterated like an unsuspecting step on a hidden land mine.
On a recent truck run from Columbus to Macon in Georgia, Glenn spoke softly, pausing a few times when he remembered the day his wife of 20 years passed away on Dec. 23 that year.
Final Bank Insult
The final insult occurred when Sasser transferred $15,000 from Telco to his new bank and it charged him a fee. Boiling, he walked into the lobby, asked for the $15,000 back–in cash–and never looked back.
Full Business Services
By February 2012, Telco had a full suite of business services that now included international wire transfers. Thomason said by the end of 2012, the credit union will have 28 business loans totaling $5 million in its lending portfolio and $4 million in business deposits. Telco outsources its underwriting with Member Business Solutions LLC, a Tallahassee, Fla.-business lending CUSO wholly owned by the $5 billion Corporate One Federal Credit Union in Columbus, Ohio.
Telco has certainly provided some financial ease for Sasser to continue funding his business. Still, that doesn’t stop the tossing and turning on other issues. If it’s 2 a.m., he is likely somewhere struggling to get back to sleep.
The silk screening came on a whim. Sasser’s stepdaughter asked if he would design a Garfield T-shirt for Christmas. Puzzled about whether he could pull it off, Sasser thought about the process and how it compared to the airbrushing he did know how to do on his leatherwork.
Sasser said he envisions the day when the Lawsons will be running the business without him. Ideally, he would like to have 10 to 15 employees.