Citadel Federal Credit Union reported double-digit growth for loans and has plans for expansion in several counties.
The Exton, Pa.-based institution said on Friday that its assets totaled $3.4 billion, up more than 10 percent from 2017 and its largest such year-over-year increase in its history.
Citadel saw its membership rise more than 6 percent, to 208,000, while total loans and leases jumped about 11 percent, to $3 billion, according to its call report. Its number of loans climbed almost 7 percent, to 144,700, according to its call report.
“We attribute our growth and success to being focused on the community first and listening to what our members want,” Jeff March, president and CEO of Citadel, said in a statement.
Citadel also said that it plans to open new branches in Chester, Bucks, and Montgomery counties and to “increase its presence” in Philadelphia. After hiring more than 90 new employees last year, Citadel fill 100 positions in 2019. This will be a combination of filling open positions and new hires.
