Community 1st Credit Union Recognized as Top Lender by SBA | Local News
OTTUMWA — C1st was recently recognized as one of the top five financial institutions in the “SBA Top Lender – Rural Markets” category by the U.S. Small Business Administration, Iowa Division, for 504 and 7(a) loans made through 2021 (excluding PPP loans).
Among the list of recognized financial institutions, C1st was the only credit union recognized as one of the top five lenders in the state of Iowa.
“This recognition from the SBA further validates our lender‘s commitment to helping our members get the support they need for their businesses,” said Brian Dostal, vice president of commercial and agricultural lending. for our relationships and partnerships with our local businesses. .”
The United States Small Business Administration (SBA) is making owning a business a reality for many in the community. The SBA is the one go-to resource for small businesses and small business owners to seek the support they need to start, grow, or grow their business. Each year, the SBA’s Iowa District recognizes the top five lenders in nine different categories for total loan production.
Community 1st Credit Union is a nonprofit financial cooperative with assets of $1 billion. The credit union, established in 1936, serves nearly 67,500 members.
C1st has over 250 employees and is headquartered in Ottumwa. The credit union has branches in Albia, Atlantic, Bloomfield, Cedar Rapids, Centerville, Chariton, Creston, Fairfield, Grinnell, Indianola, Knoxville, Mount Pleasant, Osceola, Oskaloosa, Ottumwa, Pella, Shenandoah and Washington.