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CUs breaking the asset barrier

WEST PALM BEACH, Fla. - More credit unions are hitting new asset growth milestones. Jacksonville, Fla.-based Educational Community Credit Union, Sunnyvale, Calif.-based Star One Credit Union, and Indianapolis-based Indiana Members Credit Union are the latest to reach new asset plateaus. ECCU has grown to $508 million in assets. Crediting its...

By Staff Writer | Updated on July 17, 2001

WEST PALM BEACH, Fla. – More credit unions are hitting new asset growth milestones. Jacksonville, Fla.-based Educational Community Credit Union, Sunnyvale, Calif.-based Star One Credit Union, and Indianapolis-based Indiana Members Credit Union are the latest to reach new asset plateaus. ECCU has grown to $508 million in assets. Crediting its growth to its service culture initiative, ECCU has also experienced increases in membership, loans and deposits. Converting from a federal to state charter in 2000, Star One CU attributes passing the $2 billion mark to its staff’s hard work and dedication. Star One CU has recently expanded membership to include companies such as Yahoo! and Network Appliance. Also recognizing its staff’s rising to many new challenges including a name change, Indiana Members CU not only reached $600 million by the end of the first quarter 2001, but by the end of second quarter grew another $25 million.

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