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HARBOR, Ore. — With more than 20 years invested in its business lending program, Chetco Federal Credit Union has grown to become the “800 pound gorilla” in the highly competitive marketplace here.

The $319 million credit union offers term loans, lines of credit and commercial real estate amassing $160 million in its business loan portfolio; is also a Small Business Administration lender; and connects with other credit unions for loan participations. It recently launched Professional Lending Solutions, its own CUSO for other credit unions to take ownership in. In the business loan program’s 20-year history, it has experienced only one loss–a loan for $48,000, according to Stan Baron, president/CEO.

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