While many credit unions continue seeking ways to boost theirloan portfolios, Augusta Metro Federal Credit Union said itexperienced a 23.81% increase in loan growth over a 12-monthperiod.
|The $62 million credit union in Augusta, Ga., said as banks havelowered the money available to lend, the cooperative increased itslending in the central Savannah River area.
|“We're happy to be a safe and strong financial institution whereeveryone in the community is welcomed to become a member andserving our membership is our only purpose,” said Sherry Saxon,president/CEO of Augusta Metro FCU.
|Callahan and Associates Inc. ranked the credit union 40thnationally in loan growth in the 12 months ending June 30. AugustaMetro FCU's 23.81% loan growth significantly surpasses the industryaverage loan growth rate of negative 0.47%, according toCallahan.
|Augusta Metro FCU was awarded with aCertificate of Excellence from Callahan and is listed in the firm's2012 Credit Union Directory Leaders in 12-month loan growth for itsachievement.
|Founded in 1961 at a local paper mill with 10 members and $50 inassets, the credit union is celebrating its 50 year anniversarythis year as it serves more than 12,000 members.
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