GTE Federal Credit Union, a $1.5 billion, Tampa, Fla.-based credit union, likes to keep things simple in its quest to grow loan activity, assets and net worth ratio, said Vice President of Member Consumer Lending Tina Narron.
"At GTE FCU, we have three priorities: get members, get loans and get lean," Narron said. "If we're successful in all those areas, everything else will fall into place."
Since February 2011, GTE FCU has seen an asset size increase of $40 million and a net worth ratio change from 7.11% to 7.2%. In the second half of 2011, the credit union grew its average number of loans funded by 83%.
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