A year after it started offering them, San Francisco Federal Credit Union has funded its 100th taxi medallion loan.
Yoseph Awoke, who has been driving a taxi in San Francisco for 13 years, was the recipient of the milestone loan, according to the $767 million CU.
"In assisting the qualified drivers in obtaining the loan, we have also helped the taxi industry in establishing documented agreements between the medallion holder, drivers and the taxi company – this is good business for all involved," said Steven Stapp, president/CEO of San Francisco FCU.
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