Payments

Citadel Credit Union authorized as SBA lender

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May 16, 2025

Citadel Credit Union has been authorized as a Small Business Administration lender for the Philadelphia region. In this role, it will provide SBA loans for small businesses in the area, according to a press release.

Citadel provides personalized service and support for small businesses, which make up more than 90% of businesses in Philadelphia.

"SBA's primary mission, which I believe at its core is creating and maintaining jobs and local businesses in our communities, aligns with Citadel's mission and our earliest roots in supporting Lukens Steel employees," Michael Desimone, chief lending officer at Citadel Credit Union, said in the release. "By supporting the financial well-being of local businesses, we create a ripple effect that strengthens our members and their communities. Partnering with the SBA gives us another avenue to expand our impact on financial wellness."