Two credit unions are being recognized by the U.S. Small Business Administration.
The SBA’s Tennessee District Office has honored UT Federal Credit Union, a $275 million-asset institution based in Knoxville, Tenn., as a top SBA lender for federal fiscal year 2017.
Specifically, UTFCU received the “Credit Union of the Year in Tennessee” honorarium for top volume.
UTFCU also won this award in fiscal years 2012, 2013, 2014, and 2015.
“It is exciting to help entrepreneurs start or continue growing their businesses,” stated Mike Clonce, chief lending officer/senior vice president at UTFCU. “Being recognized by the SBA shows how hard UTFCU works to help businesses in our area create jobs, enhance their services, and further their goals.”
UTFCU currently offers SBA 7(a), SBA Express, SBA 504, and Export Express loans.
Separately, Telhio Credit Union, an $815 million-asset institution based in Columbus, Ohio, received recognition as the “Top Small Business Administration Credit Union Lender” for 2017 in the state of Ohio.
Telhio CU’s 2017 loan volume comprised 44 different loans for $7.6 million.
“The designation of a leading SBA lender underscores that Telhio Credit Union is a strong, secure financial institution that is supporting local businesses through outstanding service,” said Derrick Bailey, chief sales officer at Telhio CU. “We are incredibly proud of the fact that we have enabled businesses here in Ohio to expand their businesses, create jobs and thrive.”