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Whitefish Credit Union exceeds $2 billion in assets

| September 8, 2021 1:00 AM

Whitefish Credit Union reached a milestone this summer by exceeding $2 billion in total assets.

The credit union attributes its growth to its strategic planning and focus on providing exceptional value for its members. Last year, the credit union expanded its services by improving its online loan application and launching a new online membership application, which helped contribute to nearly 2,700 net new accounts opened last year.

The credit union funded over $265 million in new home loans and lent over $25 million in home equity lines of credit in 2020. The credit union ranks within the top 1% of all credit unions in average loan and deposit balances.

“Reaching $2 billion in total assets is a testament to the continued support of our members,” said James Kenyon, president and CEO of the credit union. “We reached this milestone much earlier than expected, and it was a direct result of our members looking to us for their financial needs. We are excited by the opportunities this growth represents as we look to expand our services in support of our members.”

Since it was first established in 1934, the credit union has grown to become Montana’s largest credit union with more than 60,000 members. The credit union employs more than 200 people at its eight branch locations.

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