News
 By  admin Published 
9:05 am Friday, May 21, 2010

RFCU earns state award

The U.S. Small Business Administration has named Redstone Federal Credit Union as the “Alabama Lender of the Year.”
Redstone received the first place award for “Loan Dollar Volume” and the first place award for “Loan Volume” at the recent Alabama SBA Lenders Conference in Prattville.
Jack Wright, Vice President Business Retail at Redstone, said the strong economy throughout the Tennessee Valley has afforded the opportunity of small businesses to thrive and more small business owners are coming to Redstone for their loans.
“Redstone Federal Credit Union is uniquely positioned to assist small businesses because it is the most active SBA lender in Alabama and participates in all of the SBA loan programs, including SBA Express, Community Express, Patriot Express, Gulf Opportunity, SBA 7(a) and SBA 504 loans,” Wright said. “Redstone can make these loans to businesses located in any Alabama city and within 25 miles of our branch in Fayetteville, TN.”
Wright said Redstone is happy to provide loans to business owners, but that building relationships with those business owners is much more important. As the top lender of SBA loans in Alabama, Wright said Redstone is poised to set new records in 2010 as members continue to take advantage of the revised SBA lending guidelines set forth in the American Recovery Reinvestment Act of 2009. According to Wright, the important changes that have been implemented as part of the Recovery Act has eliminated some of the barriers small businesses have faced in acquiring capital.
“Small businesses are very important to the economy here in Huntsville and the Tennessee Valley, as well as the State of Alabama,” Wright said. “With more people taking a new and exciting step toward small business ownership, there are a number of organizations in North Alabama that have positioned themselves to help develop small businesses and get them started, including Redstone Federal Credit Union. While we are very appreciative of these awards, I am even happier that we are a part of the exciting adventure of owning a small business.”

Also on The Madison Record
Space Command relocation to Huntsville to bring area growth
A: Main, Madison County Record, News, ...
Staff Reports 
September 10, 2025
HUNTSVILLE — Officials expect at least 1,400 jobs to be directly added to the north Alabama area with the U.S. Space Command Headquarters permanently ...
Newly elected Madison mayor to depart US Chess role
Madison County Record, News, The Madison Recor, ...
Ranae Bartlett was named US Chess Executive Director in 2024
By JOHN HARTMANN US Chess Press 
September 10, 2025
MADISON - It is said that no one can serve two masters. And so US Chess Executive Director Ranae Bartlett is trading Caïssa for the people of Madison,...
Triana Fire Department train for medical helicopter operation
Madison County Record, News, The Madison Recor, ...
Gregg Parker 
September 10, 2025
TRIANA – Firefighters who work in Triana Fire Department recently accomplished a new milestone in their training to serve and protect their town. On-s...
Itty Bitty Bakers sweetens the community with classes
Madison County Record, News, The Madison Recor, ...
By KADIE TAYLOR news@themadisonrecord.com 
September 10, 2025
MADISON - Sweeten your day, Itty Bitty Bakers offers baking classes for locals, from 18 months to adults. Itty Bitty Bakers owner Kayla Johnson has be...
Madison Visionary Partners to host Gather Madison, volunteers needed
Events, Madison County Record, News, ...
EVENTS
Gregg Parker 
September 10, 2025
MADISON – In its premiere in 2025, the Gather Madison event will unite residents of all backgrounds at one long table for a free, shared meal in the s...
Kids to Love to go “Over the Edge” for children in foster care Sept. 19-20
Events, Madison County Record, News, ...
Staff Reports 
September 10, 2025
MADISON - Bold, compassionate individuals will be going “Over the Edge” for Kids to Love during a thrilling two-day fundraiser where participants rapp...
The Madison Street Festival is less than a month away
Events, Madison County Record, News, ...
Gregg Parker 
September 10, 2025
MADISON – The first Saturday in October. That’s the day Madison residents turn out to visit with friends and neighbors, promote school groups, shop fo...

Leave a Reply

Your email address will not be published. Required fields are marked *