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August 19.2025

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St. Cloud Federal Credit Union: Honored for Empowering Local Businesses

St. Cloud Federal Credit Union's exterior highlighted.

St. Cloud Credit Union Earns Spotlight for Supporting Small Businesses

St. Cloud Federal Credit Union (SCFCU) is basking in the recognition from the U.S. Small Business Administration (SBA), celebrating its outstanding contributions to local small businesses. As one of just ten selected lenders in Minnesota, SCFCU will be honored at an upcoming conference on September 25th, illustrating the credit union's commitment to fostering local economic growth.

A Commitment to Community Growth

Executive Vice President and Chief Lending Officer Chase Larson emphasized the importance of small businesses, stating, "Small businesses are at the heart of our communities." SCFCU's efforts in SBA lending empower many aspiring entrepreneurs and established businesses alike, showcasing their dedication to helping members achieve financial goals.

Impressive Loan Portfolio Driving Change

With over $60 million invested in business and commercial loans, SCFCU is not just a financial institution; it’s a vital resource for local entrepreneurs. Their rapidly expanding lending division is a testament to the ongoing commitment to community investment and economic resilience.

Future Insights: Strengthening the Local Economy

As financial institutions like SCFCU continue to prioritize small business lending, communities can anticipate further growth, innovation, and job creation. Supporting local businesses is essential for building a robust and economic future and SCFCU stands as a shining example of what can be achieved through dedicated cooperation between financial services and local endeavors.

The Importance of Recognizing Local Contributions

Honoring SCFCU’s work sends a powerful message to other lenders and financial institutions: investing in one’s community is not just good practice—it’s a necessity for sustainable growth. Through this recognition, the SBA highlights the critical role credit unions play in nurturing viable enterprises that support our local economies.

This celebration is not just about awards; it's a rallying call for all financial institutions to invest in local dreams. Let's champion our local businesses and the credit unions that are committed to helping them thrive.

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St. Cloud Federal Credit Union: Honored for Empowering Local Businesses

St. Cloud Credit Union Earns Spotlight for Supporting Small Businesses

A Commitment to Community Growth

Impressive Loan Portfolio Driving Change

Future Insights: Strengthening the Local Economy

The Importance of Recognizing Local Contributions

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