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Metro CU Surpasses $1B In Assets

Aug 8, 2013 | Reprints | Unlock Link | Print

Chelsea-based Metro Credit Union announced this week that its loan and mortgage portfolio had surpassed $1 billion in assets.

In a statement announcing the milestone, the credit union attributed the increase to its lending strategy and an upgrade in servicing operations.

“Lending is a key element of our vision of becoming the primary financial institution for anyone looking for a better way to bank,” Robert Cashman, president and CEO, said in a statement. “This milestone proves our members place their trust in us, as we do them, and we look forward to meeting their needs for many years to come.”

Over the past 18 months, Metro CU has seen more than 38 percent growth in loan portfolio balances across mortgages, home equity, business, auto, personal and student loans. Business lending also increased more than 45 percent over the same period.

Banking & Lending