Mountain America Ranked # 1 among Credit Union Lenders for Payroll Protection Program Loans
Through the PPP program, Mountain America has helped more than 7,000 businesses weather the COVID-19 pandemic. With the average PPP loan amount a little more $ 50,000, Mountain America has been able to help smaller businesses and communities that need it most.
Prestman Auto, a ten-year Mountain America sales member, was able to keep his 54 employees on the payroll by securing a P3 loan. “Amid all the uncertainty as COVID-19 spread around the world, it was reassuring to know that our credit union was really there for us when it mattered most,” said Jason olsen, president of Prestman Auto. “I don’t think for a minute that we would have gotten the kind of support, communication and opportunity that we got through Mountain America if we had gone through a traditional bank. This is, among many other reasons, why we have chosen to outsource our banking business to Mountain America rather than a regional or national bank. We have a close relationship with everyone we work with; we receive incredible support whenever it is needed, and they are in. our heart, always ready to help in any way possible. “
Joe Mamma’s Breakfast Eatery, business member since 2018, also highlighted his experience working with Mountain America. “The PPP loan process with Mountain America went as well as a loan process could be. It’s nice to have a representative here locally who knows us,” says Kathleen sage, owner of Joe Momma’s Breakfast Eatery at meridian, Idaho. “Working with Mountain America doesn’t feel like a big bank; it’s like working with a small business. ”
As a leader in business loans and services, Mountain America has been ranked by Callahan and Associates for the past 16 years as the # 1 SBA lender for credit unions. Currently, Mountain America ranks second nationally for business deposits for credit unions.
About Mountain America Credit Union
With over 900,000 members and 10 billion dollars in assets, Mountain America Credit Union helps its members on the right track to help them identify and achieve their financial dreams. Mountain America offers consumers and businesses a variety of convenient and flexible products and services, along with sound and timely advice. Members have access to secure and advanced mobile banking technology, over 95 branches in five states, thousands of shared branches across the country, and over 50,000 ATMs at no additional cost. Mountain America — guides you forward. Learn more about macu.com.
SOURCE Mountain America Credit Union