LATHAM, N.Y.–Sunmark Credit Union has exceeded $1 billion in assets, which it called a significant milestone in its history. The milestone comes as Sunmark celebrates its 85th anniversary in 2022.
“This is a remarkable achievement over a relatively short period of time, considering it took 78 years to grow to $425 million in assets,” said Sunmark President & CEO Frank DeGraw. “The dedication of the entire Sunmark team allowed us to achieve this amazing growth while delivering the highest levels of member service and remaining financially sound.”
Along with the growth in assets, Sunmark has also increased its membership to more than 87,000 members and the number of branches to 17. These numbers will grow with the planned opening of a Sunmark location in Glenmont, N.Y. later this year, and one in Wilton, N.Y. in 2023.
In addition to more branch locations, Sunmark said it continues to add to their suite of product and service offerings and remains committed to technology investments and enhancements. “Even with this exciting growth, Sunmark remains small enough to know our members, but big enough to meet all of their financial needsl,” DeGraw added.