• 73°
The Madison Record

RFCU earns state award

The U.S. Small Business Administration has named Redstone Federal Credit Union as the “Alabama Lender of the Year.”
Redstone received the first place award for “Loan Dollar Volume” and the first place award for “Loan Volume” at the recent Alabama SBA Lenders Conference in Prattville.
Jack Wright, Vice President Business Retail at Redstone, said the strong economy throughout the Tennessee Valley has afforded the opportunity of small businesses to thrive and more small business owners are coming to Redstone for their loans.
“Redstone Federal Credit Union is uniquely positioned to assist small businesses because it is the most active SBA lender in Alabama and participates in all of the SBA loan programs, including SBA Express, Community Express, Patriot Express, Gulf Opportunity, SBA 7(a) and SBA 504 loans,” Wright said. “Redstone can make these loans to businesses located in any Alabama city and within 25 miles of our branch in Fayetteville, TN.”
Wright said Redstone is happy to provide loans to business owners, but that building relationships with those business owners is much more important. As the top lender of SBA loans in Alabama, Wright said Redstone is poised to set new records in 2010 as members continue to take advantage of the revised SBA lending guidelines set forth in the American Recovery Reinvestment Act of 2009. According to Wright, the important changes that have been implemented as part of the Recovery Act has eliminated some of the barriers small businesses have faced in acquiring capital.
“Small businesses are very important to the economy here in Huntsville and the Tennessee Valley, as well as the State of Alabama,” Wright said. “With more people taking a new and exciting step toward small business ownership, there are a number of organizations in North Alabama that have positioned themselves to help develop small businesses and get them started, including Redstone Federal Credit Union. While we are very appreciative of these awards, I am even happier that we are a part of the exciting adventure of owning a small business.”

Madison

City urges caution as paving progresses on Hughes Road

Bob Jones High School

Madison City Chess League forms new group for adults

Madison

Madison City Schools named best Alabama school district

Madison

Mercy Wolverton impressively masters hi-tech study, business

Madison

At Madison Street Festival, veterans to show fighter helicopter from Vietnam War

Madison

Local marching bands to be featured at “March on Madison” tonight

Madison

MSF’s Community Showcase promises array of talent

Madison

Brooms, mops in Lions Club sale to raise funds for vision projects

Harvest

Local musicians to jam at Madison Street Festival

Madison

Trash Pandas fall 4-2, Tennessee evens series

FRONT PAGE FEATURED

Athletic Hall Of Fame Accepting Nominations

Harvest

Railyard BBQ Brawl and Music Festival returns Oct. 29

Bob Jones High School

Tommy Overcash appointed to Madison Board of Education

Madison

Children vulnerable for troubled mental health, Cook says

Madison

Fast start leads Trash Pandas to 9-5 in playoff game 1 win

Harvest

Updating state’s 1901 Constitution on November ballot

James Clemens High School

Boynton champions languages with ‘A Seal of Biliteracy’

Madison

Jessica Penot to discuss ‘Haunted North Alabama’

Madison

MSF shows artistic influences at Artist Alley, Crafters Cove and Student Art Tent

Bob Jones High School

Bob Jones, James Clemens command National Merit totals for Alabama

Bob Jones High School

Coaches White and McGehee speak in ‘Sittin’ With the Supe’

Huntsville

Dr. Charles L. Karr named President of UAH

Madison

Trash Pandas clinch second half title with 5-2 win, playoffs start next week

Harvest

Master Gardeners set for Fall Plant Sale on Sept. 24

x