NASA Federal Credit Union Names Stafford Director of Commercial Lending

UPPER MARLBORO, Md., May 6, 2011 /PRNewswire-USNewswire/ -- NASA Federal Credit Union (NASA Federal) has appointed Andy Stafford to head up its commercial unit as NASA Federal's director of commercial lending. He will lead the credit union's growth in commercial lending for businesses in the Mid-Atlantic region. He previously served as the credit union's assistant vice president for business lending.

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"NASA Federal's commercial lending unit provides businesses with financial solutions to successfully navigate current market conditions," said Andy Stafford, NASA Federal's director of commercial lending. "Businesses in the region who are ready to buy, build, or improve a business facility should contact us, to learn why we're a better alternative than the big banks," said Stafford. "We help businesses find the right loan for their commercial property needs through individualized customer service expected from NASA Federal."

NASA Federal offers commercial real estate loans over $1 million, with variable and fixed rates. Loans are also available for first and second mortgages on investment property, as well as property for construction development. Refinancing is available for commercial office buildings, retail shopping centers, and owner occupied retail properties. For loans over $1 million, NASA Federal works with Potomac Business Services, LLC, a collaborative Credit Union Service Organization founded by several of the nation's leading credit unions.

"As one of the largest credit unions in the region, NASA Federal members enjoy the security of banking with an organization that is established, financially sound and federally insured," said Doug Allman, CEO and president. "Our portfolio of commercial lending services provides competitive rates, and flexible lending options."

For more information on commercial real estate loans, contact NASA Federal at: 1-888-NASA-FCU extension 308 or www.nasafcu.com.

About NASA Federal Credit Union NASA Federal Credit Union is a not-for-profit financial cooperative owned entirely by its members and operated for the benefit of all who belong. Chartered in 1949, NASA Federal Credit Union serves the diverse needs of 76,000 members with a full array of financial services and the strength of more than $1 billion in assets.

SOURCE NASA Federal Credit Union

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