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Minnesota Corporate FCU latest corporate to reach $1 billion

EAGAN, Minn. - As of year-end 2001 there were 16 corporate credit unions over $1 billion in assets. That number is likely to rise in 2002 given the rising liquidity trend. For the first time in its 19-year existence, Minnesota Corporate Federal Credit Union has topped the $1 billion asset...

By Staff Writer | Updated on April 09, 2002

<p>EAGAN, Minn. – As of year-end 2001 there were 16 corporate credit unions over $1 billion in assets. That number is likely to rise in 2002 given the rising liquidity trend. For the first time in its 19-year existence, Minnesota Corporate Federal Credit Union has topped the $1 billion asset mark. The corporate ended the first quarter of 2002 over the mark. “We are proud to be able to hit this milestone,” said Lew Lambert, President/CEO. “The confidence of our members to place large deposits with us is a reflection of the current economy and our ability to respond to member needs. The collective effort of our entire staff and support of the membership is crucial to our success.” Minnesota Corporate Federal Credit Union serves more than 200 member credit unions in eight states.</p>

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