The Whitefish Credit Union took a step forward this summer, surpassing $ 2 billion in total assets.
The credit union attributes its growth to its strategic planning and dedication to providing exceptional value to its members. Last year, the credit union expanded its services by improving its online loan application and launching a new online membership application, which contributed to nearly 2,700 new net accounts opened in the past year. last year.
The credit union financed over $ 265 million in new home loans and lent over $ 25 million in home equity lines of credit in 2020. The credit union ranks in the top 1% of all co-ops credit in terms of average loan and deposit balances.
âReaching $ 2 billion in total assets is a testament to the continued support of our members,â said James Kenyon, President and CEO of the Credit Union. âWe reached this milestone much earlier than expected, and it was a direct result of our members turning to us for their financial needs. We are excited about the opportunities this growth represents as we seek to expand our services to support our members. “
Since its inception in 1934, the credit union has grown to be Montana’s largest credit union with over 60,000 members. The credit union employs more than 200 people in its eight branches.
For more information, visit www.whitefishcu.com.