Who said that there was a "credit crunch" going on? North Alabama Educators Credit Union just realized a record month in new loans during the month of May. The credit union disbursed over $2.9 Million in new loans during May. The bulk of these new loans were for new and used automobiles. That is good for our members and the local economy. Our loan rates are very affordable and competitive in the market. Lower loan rates translate to more money in the member's pocket at the end of the month.
I appreciate the members choosing North Alabama Educators Credit Union for their lending needs. Our lending staff should also be commended for their efforts in producing this record loan volume. The credit union stands ready to meet the lending needs of our membership in the coming months and years.