Businesses are the engines of the economy. Barbershops, boutiques, and hardware stores provide jobs to community members and the revenue these outfits generate is filtered back into the local economy. A prosperous business community creates a positive feedback loop for a city or town's economic well-being.
To that end, business lending can be a worthy and valuable investment for credit unions. Business lending requires a delicate touch and it's even harder for businesses to thrive in today's environment, yet these 10 credit unions are leading the way in growing solid business loans.
| Rk |
Credit Union |
St |
12-Month Growth |
Total MBL Outstanding (06/10) |
Total MBL Outstanding (06/09) |
% MBL / Total Loans |
Total Assets |
CDSID |
| 1 |
IDAHO CENTRAL |
ID |
838.53% |
$9,602,737 |
1,023,169 |
1.39% |
$826,632,455 |
3,270 |
| 2 |
SUNSTATE |
FL |
378.43% |
$19,859,028 |
4,150,884 |
10.53% |
$251,688,785 |
2,251 |
| 3 |
AMERICAN HERITAGE |
PA |
359.93% |
$19,968,270 |
4,341,633 |
3.12% |
$939,742,904 |
10,775 |
| 4 |
ENVISION |
FL |
312.38% |
$4,788,407 |
1,161,161 |
3.23% |
$222,178,584 |
2,370 |
| 5 |
COMMUNITYAMERICA |
MO |
304.04% |
$22,564,895 |
5,584,765 |
1.77% |
$1,751,010,122 |
7,278 |
| 6 |
FIRSTMARK |
TX |
292.98% |
$32,587,670 |
8,292,463 |
6.44% |
$695,855,820 |
13,251 |
| 7 |
CAL STATE L.A. |
CA |
266.36% |
$4,083,374 |
1,114,574 |
11.51% |
$43,615,004 |
559 |
| 8 |
ELEVATIONS |
CO |
258.87% |
$15,363,208 |
4,281,022 |
2.48% |
$926,471,017 |
1,636 |
| 9 |
WATERMARK |
WA |
246.71% |
$5,518,265 |
1,591,590 |
1.35% |
$557,332,076 |
14,234 |
| 10 |
SIU |
IL |
233.68% |
$3,733,153 |
1,118,776 |
3.29% |
$190,098,978 |
4,131 |