media.americascreditunions.org/articles/123524-watch-abound-was-there-from-the-beginning
Watch: ‘Abound was there from the beginning’
Credit union provides a lifeline to small businesses.
May 28, 2024
Will Rivera spent 25 years in the military, retiring as a first sergeant in the U.S. Army.
Upon leaving the service, he decided to open a small business, a shoe store named Running Soles.
His financing partner: Abound Credit Union in Radcliff, Ky.
This is a common scenario for Abound, which provides a financial lifeline for many small businesses. Business lending is the fastest-growing segment of Abound’s loan portfolio, says Ray Springsteen, CEO at the $2.3 billion asset credit union.
“That’s not because we’re doing $50 million loans,” he says. “It’s because we’re doing lots of $100,000 commercial loans to help people like Will revitalize communities.”
Watch now: