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ASI FCU named SBA regional champion
HARAHAN, La. (3/31/11)--Mignhon Tourné, CEO of ASI FCU, Harahan, La., has received a regional Financial Services Champion of the Year Award from the Small Business Administration (SBA). ASI was recognized for its commitment to serve the underserved, promote economic empowerment, and provide financial products and services to people with little or no credit at affordable rates (eNews March 30). With 14 branches, one dedicated to low-income Spanish-speaking members and one dedicated to low-income Vietnamese-speaking members, the $293 million-asset ASI remains true to its mission by concentrating efforts in neighborhoods and communities plagued by entrenched poverty, said the Louisiana Credit Union League. After Hurricane Katrina in 2005, ASI FCU under Tourné's leadership, deployed almost $20 million in grants and provided 0% to 4% interest loans to disadvantaged small-business owners. The credit union is an approved SBA lender and has piloted its own Web-based peer-to-peer micro-loan fund in the past. National Small Business Week 2011 will be celebrated during the week of May 15. Tourné and the other business champions will be honored at a reception at the Louisiana Governor’s Mansion. During the week, SBA will highlight the impact of outstanding entrepreneurs, small-business owners and entrepreneurs, and those who support and champion small business nationwide.

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