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United States Senate FCU joins $1 billion-asset club

United States Senate Federal Credit Union has crossed the $1 billion-asset marker.

Timothy Anderson, president and CEO of U.S. Senate Federal Credit Union
Timothy Anderson, president and CEO of U.S. Senate FCU

The Alexandria, Va.-based credit union announced Wednesday that it achieved the asset milestone in last fall, on the eve of its 85th anniversary year.

“Reaching the $1 billion mark is a special accomplishment for the credit union," President and CEO Timothy Anderson said in a press release. “We would have never been able to accomplish this without our board, hard work and dedication of our employees, and the trust and loyalty of our members.”

Anderson officially started on Jan 1. after being appointed interim CEO last summer.

“We are fortunate to have Tim continue in this role as leader of our organization, serving our remarkable Senate community, and guiding our company and its valued employees into the future,“ US. Senate FCU Board Chair Ileana Garcia said.

Call report data shows the credit union earned just over $9 million in net income through the third quarter of 2019, up 9.7% from the same period of 2018. U.S. Senate FCU’s growth earned itself a spot as a top performing credit union from S&P Global Market Intelligence in 2018.

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