EAST HARTFORD, Conn. — American Eagle Federal Credit Union is the latest member of the growing billion-dollar credit union club.

“This success was possible because of our professional and hard-working staff, the guidance and direction provided by our volunteer board and committee members, and our members who use credit union services,” said Bill Dokas, president/CEO of American Eagle FCU. “Together, we demonstrate the principles and philosophy of cooperation on which credit unions were founded. We express our gratitude and thanks to everyone involved for helping the Credit Union achieve the level of success and financial security it enjoys today.”

It's been a banner for the credit unions' which experienced significant growth in both share and loan balances, as evidenced by a 16.6% increase in share deposits and a 14.5% increase in loan balances in 2006.

According to Dean Marchessault, senior vice president, retail and small business, American Eagle will continue its branch expansion plans in the towns of Enfield and Cromwell in 2007.

“In addition to expanding our electronic service delivery, the credit union recognizes that in-branch service is very important to our members, whether those members use branch services exclusively or just once in a while,” he said.