ST. JOSEPH, Mich. – United Federal Credit Union (United) has been recognized by the U.S. Small Business Administration (SBA) Michigan District Office as the Credit Union Lender of the Year for 2025 and earned a place among the Top 10 SBA Lenders in Michigan.
United increased its SBA lending from $304,000 in 2024 to $69 million in 2025, positioning it among the fastest-growing SBA 7(a) lenders in the country. Their SBA lending supported a range of industries, with notable activity in the accommodations sector, including hotel financing, while also expanding into a more diversified mix of business types.
Awards were presented at the SBA Michigan District Office’s annual Michigan Lender Awards Ceremony on June 9, 2026, recognizing the state’s most active and impactful small business lending partners for their contributions to supporting entrepreneurs and strengthening local economies. In 2025, SBA lending partners across Michigan delivered more than $1.3 billion in financing through nearly 2,900 loans, reflecting continued strong demand for capital and resources to support business growth.
United’s recognition is backed by significant lending activity and rapid growth. In 2025, United originated 53 SBA 7(a) loans totaling $69 million nationwide, with Michigan leading the way at 22 loans totaling $17 million. Additional lending highlights included loans totaling $12.5 million in North Carolina, three loans totaling $1.3 million in Nevada, and one loan in Ohio totaling $774,000.
Across all SBA lending, the credit union achieved an average loan size of approximately $1.3 million, demonstrating its ability to support both emerging and established businesses with meaningful capital.
“Being recognized as Credit Union Lender of the Year and named among the Top 10 SBA lenders in Michigan is a tremendous achievement for our team,” said Jeffrey Magginnis, Director of SBA at United. “It reflects our commitment to helping small businesses thrive by providing the resources, guidance, and financing they need to grow and succeed.”
Magginnis added, “We believe small businesses are the backbone of our communities. Through our SBA program, we are proud to partner with entrepreneurs at every stage of their journey, helping them turn their vision into reality while contributing to long-term economic development across Michigan and beyond.”
United continues to expand its SBA lending capabilities, working closely with business owners to provide tailored financial solutions that support job creation, innovation, and sustainable growth.
Learn more information about United’s business banking and SBA services.
Find data and reports related to SBA lending activity at: Lender reports | U.S. Small Business Administration.
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About United
United Federal Credit Union has served its Members since 1949 by helping them to build a sound financial future. United consists of more than 190,000 Member/owners worldwide and manages assets in excess of $4.2 billion. Its corporate office and main branch are in St. Joseph, Mich., with additional branches in Arkansas, Indiana, Michigan, Nevada, North Carolina, Ohio, and Pennsylvania.