EAST HARTFORD, Conn. — Small businesses have helped tocontribute to $1 billion American Eagle Federal Credit Union'sstrong mid-year financial performance, the financial institutionsaid today.
“The addition of member business loans has contributed to ourstrong bottom line. Small businesses in Hartford, Middlesex, andTolland counties are benefiting from our new suite of businessservices including checking, merchant services, and loans,” saidWilliam Dokas, president/CEO of American Eagle.
Loan balances were up $25.3 million year-to-date from growth inmortgages, home equity lines of credit, Visa cards and businessloans, the credit union reported. Reserves increased $4.82 millionyear-to-date to $105.9 million or 10.03% of assets, American Eaglesaid. Deposit balances have increased $61.4 million over the pasttwelve months.
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