Credit union is top in the state

Members Cooperative Credit Union has been named the top 2019 Minnesota Credit Union of the Year by the U.S. Small Business Administration.

According to an MCCU press release, the award is being presented to MCCU in recognition of their excellent SBA activity for the fiscal year. From July 1, 2018 to June 30, 2019 MCCU closed over $3 million in SBA-guaranteed approved loans, ranking them the top SBA credit union in Minnesota.

“We know that without capital, small businesses struggle to survive,” said SBA Minnesota district director Nancy Libersky. “This is why we work so hard to ensure the funding tap doesn’t run dry. But we can’t do it alone. Using SBA loan programs, organizations like MCCU are helping small businesses succeed every day, and it’s wonderful to be able to honor their efforts supporting our state’s economy.”

MCCU was honored at the seventh annual SBA Minnesota Lenders Conference on Sept. 13.

“Being named SBA’s Top Minnesota Credit Union this year is very rewarding,” said Neil Sample, vice president of commercial lending. “We recognize that small businesses are the cornerstone of our local economy. This award demonstrates our ability to be creative and supportive of our business members’ needs and provide them with solutions.”