VENTURA COUNTY, Calif.— Ventura County Credit Union has been ranked as the largest U.S. Small Business Administration (SBA) lending credit union in Ventura County, as well as the second highest ranked credit union in Los Angeles.
According to the Los Angeles District Office SBA Lender Ranking Report — in the second quarter of 2017 — VCCU was ranked 39 overall in SBA volume out of a total of 107 lenders. A total of 1,241 7(a) loans were distributed among all lenders in the Los Angeles District valuing at $662 million.
“This is a great achievement for us,” said Edmond Sahakian, VCCU’s Vice President of Business and Home Loan Services. “This speaks to our expertise as a financial institution by the volume and value of loans our credit union lends. We provide a high-quality lending process for our business community and assist them in meeting their professional goals and help them thrive.