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Community 1st Credit Union recognized as top lender

Community 1st Credit Union was recognized by the U.S. Small Business Association as one of the top five lenders for loan production, and was the only credit union to receive such an honor. (Photo courtesy of Lindsey Gould)
Community 1st Credit Union was recognized by the U.S. Small Business Association as one of the top five lenders for loan production, and was the only credit union to receive such an honor. (Photo courtesy of Lindsey Gould)

Community 1st Credit Union was recently recognized by the U.S. Small Business Administration, Iowa Division, as one of the top five financial institutions for 504 and 7(a) loans produced through the 3rd quarter of 2020 (not including PPP lending). Among the list of recognized financial institutions, C1st was the only Credit Union recognized as a top 5 lender in the state of Iowa.

“This recognition with the SBA further validates our lender’s commitment to helping our members obtain the support they need for their businesses,” said Community 1st’s vice president of commercial and agriculture lending, Brian Dostal. “We are grateful for our relationships and partnerships with our local businesses.”

The U.S. Small Business Administration (SBA) makes owning a business a reality for many community members. The SBA is the only go-to resource for small businesses and small business owners to seek support they need to start, grow, or expand their businesses. Each year the Iowa District of the SBA awards the top five lenders in nine different categories for total loan production.

C1st was recognized as a top 5 financial institution in three of the nine categories, including 2nd place for Rural Market lending.

Community 1st Credit Union is a not-for-profit financial cooperative with more than $800 million in assets. The credit union, established in 1936, serves more than 61,000 members.

C1st has more than 220 employees and is headquartered in Ottumwa. The credit union has branches in Albia, Bloomfield, Cedar Rapids, Centerville, Chariton, Fairfield, Grinnell, Indianola, Knoxville, Mount Pleasant, Oskaloosa, Ottumwa, Pella and Washington. And one coming soon in Osceola, IA scheduled to open in July of 2020