NADCO Honors Mountain America as #1 SBA 7(a) Credit Union for FY 2024
November 26, 2024
Bob Coleman
Founder & Publisher
SBA Hot Topic Tuesday — NADCO Honors Mountain America as #1 SBA 7(a) Credit Union for FY 2024
“Supporting small businesses is a true honor for us as they play a crucial role in enriching our communities,” says Michael Griffiths, Senior Vice President of Business Lending at Mountain America. “We appreciate the recognition from NADCO, which highlights our team’s hard work and dedication to helping small businesses.”
| SBA 7(a) | Rank $ | Rank # | Gross Loan Approval | # Loans | Average Loan Size |
| FY 2024 | 66 | 36 | $90.2 Million | 233 | $386,910 |
| FY 2023 | 90 | 44 | $53.4 Million | 161 | $331,424 |
| FY 2022 | 78 | 47 | $60.7 Million | 119 | $10,063 |
Source: Coleman and Lumos Data
“We are honored to recognize Mountain America Credit Union with the NADCO Community Impact Award, 2024 Credit Union 504 Lender of the Year,” says Rhonda Pointon, president and CEO of NADCO.
“Mountain America’s partnership is critical to advancing the mission of the SBA 504 program. Their commitment and dedication ensure small business owners across the country get the access to capital they need to succeed and make a positive impact in their community. Thank you for your steadfast commitment to the program.”