Steve Kenny, CEO of Columbia Credit Union, said the accomplishment comes after several years of hard work and investments in the future.
“We all struggled with the downturn,” Kenny said. “I think Columbia got hit a little bit early, but we recovered a lot earlier as people were then falling into the trench. We’ve been able to pull ourselves out for the last two, three, four years and really turn our company into a high performance organization.”
Both deposit and loan demand at the credit union is growing. According to Colleen Boccia, senior VP of marketing for CCU, the company’s loan portfolio over the last year has increased by $70-80 million.
“You need that income to keep your capital ratios up, so we work very hard to provide loans for our community,” Kenny said. “That income is then required to go back into the credit union to build capital.
“I couldn’t be prouder,” he added. “It’s real rewarding to see Columbia continue to grow in a healthy way. We’ve got a great staff, a great membership and a great community to work in.”
