Small businesses are the
engine that keep our
economy moving.
At Redstone, we support
our small business
members with the
funding, tools, services,
and advice they need
to grow and remain an integral part of their
communities. Our focus is on assisting
businesses with up to 250 employees.
More than a decade ago, we began building
our Business Solutions department to
better serve our members. We wanted
a department that would partner with
businesses, non-profits, and churches to be
their go-to provider.
Sherry Swinford, whom you will meet on
page 15 of this issue, helped set up the
department, which now serves more than
17,000 business members. We thank her for
her insight and exceptional service.
Our team has grown, product offerings have
expanded, and we've found new and better
ways to serve our businesses. For example,
we upgraded our business online banking
to automate and simplify some of those
business processes. We funded the first
Business Assistance Microloan, or BAM, in
2018. Initially, business owners could borrow
up to $25,000. at amount has now been
increased to a maximum of $100,000.
We worked closely with our small business
owners during the onset of the pandemic
and served as a lender for the Paycheck
Protection Program. In 2020, we were
named Alabama's top credit union provider
of PPP loans. Overall, we processed and
awarded $50 million in PPP loans to 2,000
businesses and non-profits.
We're devoting this issue of aspire! to our
business members because we know how
important they are to our communities, and
we work hard to help them stay strong.
If you haven't considered Redstone for your
business, now is a great time!
p. 6
|
Medicare Options
p. 8
|
Food Truck Rally
p. 12
|
Finding Lost Money
Send your comment s, suggestions
or questions to:
ASPIRE@REDFCU.ORG
facebook.com/RedstoneFCU
twitter.com/RedstoneFCU
Editor:
Patricia Dedrick Lloyd
TABLE OF CONTENTS
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r e d f c u.o r g
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