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president and CEO of First Capital Federal Credit Union
Q: How does the credit union's success affect regional growth?
A: First Capital Federal Credit Union represents over 400 Yorkbased companies and organizations, providing both consumer and commercial financial services to its over 20,000 members. We offer members a full array of financial products and services to successfully manage both their personal and professional financial needs. Being a financial cooperative, as we grow and expand, our members benefit as well.
How does the growth of the region affect the credit union?
Being a traditional company-based credit union, we are tied direcüy to the success of our sponsor companies and their financial well-being, as well as that of their employees. More potential companies and employees mean more opportunities for First Capital to grow.
What have been recent trends for credit unions?
Probably the biggest impact made by many credit unions lately has been the introduction of commercial services to our members, both deposit and lending. The timing of this could not have been better for small businesses, as well as for credit unions. Many of the larger banks have abandoned small businesses in favor of only the larger, more lucrative business loans. Small businesses have turned to credit unions to fill...