First CU Expands EnterpriseLoans

May 02, 2006, 1:00 a.m. EDT 1 Min Read

CHANDLER, Ariz. - (05/02/06) First CU celebrated the firstyear of its low-interest First Enterprise Loan program, whichtargets job-creating small business loans in low income areas. The$470 million credit union said its board has earmarked $2 millionfor the loans this year, up from $1.4 million last year. The loansare designed to support businesses that benefit or create jobs orservices for low- and moderate-income people and communities inArizona and can be used in conjunction with federally guaranteedloans under the Small Business Administrations 7aprogram.

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