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Article: BEHIND THE LIST WITH BOB MARQUETTE
- Article from:
- Central Penn Business Journal
- Article date:
- July 31, 2009
- Author:
CopyrightCopyright Journal Publications Inc. Jul 31, 2009. Provided by ProQuest LLC. (Hide copyright information)
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president and chief executive officer of Members 1st Federal Credit Union
Q: How does the success of the credit union impact the growth of the region?
A: They are absolutely tied together. One of the things we've seen in our business (is that) it is very aggressive. We are the largest small-business creditor of (any) credit union in Pennsylvania. There has been major consolidation in the financia services industry, and as such, some of those new entities have refocused their efforts. Smaller businesses are no longer interested in those types of loans, and we fill that niche. We have a direct tie inte the success of those businesses and to the growth of the area. As you've read in the media, ...