SBA loans Queens cluster federal credit unionThe $338,647, 89-member Queens Cluster Federal Credit Union in Hicksville, N.Y. may not be the smallest financial institution the Small Business Administration has ever authorized to originate member business loans under the agency’s 7(a) loan program, but it is among the smallest.

“We don’t have anything in writing that says we’re the smallest,” Queens Cluster FCU President/CEO Gerald Goldenbroit (pictured) said. “But that’s what our training staff said during the SBA training.”

The SBA has not confirmed whether Queens Cluster FCU is the smallest cooperative it has ever approved to make the loans.

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