SAN ANTONIO — The Small Business Administration recently designated Security Service Federal Credit Union as the first credit union in its San Antonio district to receive Preferred Lender status.

The $3.9 billion SSFCU was the first San Antonio CU to become an SBA lender in 2003 and has issued more than $4 million in loans to area small businesses, according to SBA's San Antonio office. The CU was also designated a SBAExpress Lender in 2005. Obtaining that designation allows SSFCU to offer small businesses revolving lines of credit.

The Preferred Lender designation "allows us to help our members obtain SBA loans in a much more timely and efficient manner, assisting them to meet their business needs," said John Worthington, SSFCU senior vice president.

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

  • 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.
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.