<p>EAGAN, Minn. – As of year-end 2001 there were 16 corporate credit unions over $1 billion in assets. That number is likely to rise in 2002 given the rising liquidity trend. For the first time in its 19-year existence, Minnesota Corporate Federal Credit Union has topped the $1 billion asset mark. The corporate ended the first quarter of 2002 over the mark. "We are proud to be able to hit this milestone," said Lew Lambert, President/CEO. "The confidence of our members to place large deposits with us is a reflection of the current economy and our ability to respond to member needs. The collective effort of our entire staff and support of the membership is crucial to our success." Minnesota Corporate Federal Credit Union serves more than 200 member credit unions in eight states.</p>

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.