BROWNSTOWN, Mich.–Advantage One Federal Credit Union reported that its loan portfolio has hit a record-high $69.7 million, representing phenomenal growth of $14.6 million or 26.5% over the prior year. In addition to three consecutive years of sustained loan growth, the credit union said it continued to reach unprecedented levels in net worth, share deposits and overall earnings in 2015. Advantage One ended the year with total assets of $126 million, an increase of 8.4% over the previous year.
“With record-high achievements across all areas of the credit union, we couldn’t be more thrilled with the performance of our entire team,” states Chris Corkery, CEO of Advantage One.
The credit union pursued an aggressive loan growth strategy in 2015, which included educating our members on how to raise their credit score, lower their monthly payments and eliminate high interest debt. It has been a win-win-win benefitting the credit union, its employees and the members.
In addition to posting exceptional financial performance numbers, the credit union paid out record-high incentive pay to its staff.
“We believe in rewarding our team for their performance. We set some very high goals for 2015, and our staff rose to the challenge and their efforts did not go unrewarded”, said Corkery. Financial Solutions Partner Becky Seal, received over $11,000 dollars in incentives for her contributions to the credit unions success.