Service Credit Union Awarded for Excellence in Business Lending
Service Credit Union was presented with the CUNA Lending Council Excellence in Lending Award for its Business Services program at CUNA Lending Council Conference held recently in Las Vegas. Chief Lending Officer Fawn Terwilliger accepted the award which recognizes outstanding work and exceptional service in credit union lending.
Service Credit Union was honored for its development of a comprehensive strategy centered on commercial construction lending and floor plan financing to widen banking relationships with business members. The credit union created a CUSO initiative to allow for lending opportunities beyond its initial business lending footprint of New Hampshire to other New England markets. In 2015, Service CU issued $15.8 million in loans through this expanded lending program.
“Throughout all of this year’s winners, you see a talent in lending strategy and a commitment to credit union ideals that are exemplary,” said Bob Stowell, CUNA Lending Council Chair and SVP/Chief Strategy Officer, Firefly CU. “In their own unique ways, each of these winners are making lending stronger in the credit union movement.”
Five credit unions were honored with the Excellence in Lending Awards, which recognize credit unions that achieve outstanding lending results through sound, stable operations.