Metrum Community Credit Union, located in Centennial, is celebrating a new milestone of having more than $40 million in loan balances with its members. Growth in loans has accelerated greatly over the last five years, through traditional loan products, as well as some unique products developed to fit the member’s needs.
“Members choose us for their loans because we are not as ‘black and white’ as other financial institutions, such as major banks,” said loan manager Amber Breidenstein. “For example, some lenders may say that you need to have a minimum credit score or debt ratio to get a loan. Instead, we look the whole picture, never putting members in a box. Metrum really spends a lot of time listening to our members and providing solutions.”
Metrum is a local financial cooperative owned by its members. With more than 5,000 members, the $40 million in loan balances has helped many individuals and families save money through the trusted services offered, the firm said in an announcement.
“We spend a lot of time educating our members about credit, budgets and ways they can improve their own situation. We truly try to help consumers instead of giving a simple yes or no answer,” Breidenstein said.