The Tennessee District Office of the U.S. Small Business Administration (SBA)—the largest backer of loans to America’s small businesses—honored UT Federal Credit Union (UTFCU) as a top SBA lender for federal fiscal year 2017 on May 2, 2018. UTFCU was awarded the Credit Union of the Year in Tennessee for top volume.
UTFCU has lead the state in this category in years past, also bringing home this award in fiscal years 2012, 2013, 2014, and 2015. For UTFCU, it is about embracing the credit union philosophy of People Helping People, which includes working with the U.S. Small Business Administration’s Tennessee office to help businesses in the area achieve success and develop their companies.
Chief Lending Officer/Senior Vice President at UTFCU, Mike Clonce, said “It is exciting to help entrepreneurs start or continue growing their businesses. Being recognized by the SBA shows how hard UTFCU works to help businesses in our area create jobs, enhance their services, and further their goals.”
UTFCU currently offers SBA 7(a), SBA Express, SBA 504, and Export Express loans. These SBA options are in addition to UTFCU’s full suite of business accounts and commercial loans.
Pictured accepting the award for UTFCU is AVP of Business Services Myra Hamilton and Commercial Loan Processor Jennifer Wise.
UTFCU’s Main Branch is located at 2100 White Avenue in Knoxville, TN.
About UT Federal Credit Union – UT Federal Credit Union is a member-owned financial cooperative. Where other financial institutions are required to look at customers and ask “how can we make money off this person?” UT Federal Credit Union asks “how can we make money FOR this person?” UT Federal Credit Union membership is open and anyone may be able to join. Today, UT Federal Credit Union has more than 23,000 member-owners and assets of over $275 million. The heart of UT Federal Credit Union has always been and will always be its owners.
About SBA – The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012, has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build, and grow businesses.