The tributes pouring in last month on a milestone achievement–100 years in operation–have stopped, and now the $17 million St. Anne Credit Union of New Bedford, Mass. faces a challenge: build loan volume and reduce the red ink, a task shared by many small CUs.

Elizabeth Gatenby, the CEO of St. Anne, the third oldest CU in the state, acknowledges the job ahead may be tough given the competition but her CU expects to try new services it lacks like mobile banking.

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