OSHKOSH, Wis. – CitizensFirst Credit Union’s growth was fueled in large part from its growing business lending program. The credit union saw commercial loans grow more than 34% from $64.5 million in 2004 to $86.5 million in 2005, The Northwestern recently reported. Much of that increase came through CitizensFirst’s part ownership of Business Lending Group, Inc. a CUSO also owned by Fox Communities Credit Union, Prospera Credit Union and Pioneer Credit Union, said Carla Altepeter, president and CEO of CitizensFirst. In other areas, total assets grew from $252.1 million at the end of 2004 to $288.8 million at the end of 2005, the publication reported. Share certificates also grew about 34%, increasing to $86.4 million in 2005 from $64.4 million in 2004. In mid-June, CitizensFirst also opened a new branch in Fond du Lac, the first step of a growth strategy that will make us the CU of Oshkosh, Altepeter said, adding that the Oshkosh branch will not be neglected. “We’re thrilled with it,” Altepeter told the publication on the CU’s growth in 2005. “We believe that we offer our members outstanding products and services and our growth reflects that.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


NOT FOR REPRINT

© 2023 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.

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.