CommunityAmerica Credit Union Earns SBA-Preferred Lender Status

Lenexa, KS (September 18, 2024) – CommunityAmerica Credit Union announces today it has been awarded SBA-Preferred Lender status by the U.S. Small Business Administration (SBA).

This designation enables CommunityAmerica to expedite the loan approval process and provide greater access to funding for small businesses seeking to grow and succeed. The credit union achieved the preferred lending recognition based on its past record with the SBA and has demonstrated a proficiency in originating, processing and servicing SBA-guaranteed loans.

“This designation is a result of our dedication to helping small businesses thrive and achieve financial peace of mind,” said CommunityAmerica Chief Lending Officer Carrie O’Connor. “With SBA-Preferred Lender status, we can better serve our members by providing faster, more efficient access to the capital they need to support their business and customers. We’re excited about the opportunities this will create for our members in Kansas City and St. Louis.”

As the largest credit union in Missouri and Kansas, CommunityAmerica understands that local businesses are the heartbeat of the community. This SBA-Preferred Lender status further strengthens its commitment to investing in local businesses both big and small.

“At CommunityAmerica, we believe in the power of partnerships,” added O’Connor. “By fostering personal, one-on-one relationships with businesses and offering a sophisticated suite of financial tools, we strive to inspire confidence and help our communities thrive.”

About CommunityAmerica Credit Union

CommunityAmerica Credit Union is a full-service financial institution with more than 320,000 member-owners nationwide and nearly $5 billion in assets, ranking it among the nation’s one hundred largest credit unions and the largest in Missouri. The credit union serves individuals and businesses, providing a full suite of financial products and services ranging from checking and savings to mortgages, a variety of loan products and commercial banking. CommunityAmerica also offers wealth management, retirement planning, private banking, and insurance. As a not-for-profit credit union, CommunityAmerica offers highly competitive rates on deposits and loans with fewer, lower or no fees at all. Other convenient products and services include a co-op network of more than 30,000 ATMs, 24-hour online banking and a top-rated mobile banking app. Ranked as the Best Credit Union in Missouri by Forbes Magazine, the powerhouse financial institution has returned more than $93 million back to its members through its Profit Payout program since 2012.