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CU System
Pa. exec 1st CU rep on veterans' small-business panel
EXTON, Pa. (6/6/14)--Military members often leave the service equipped with a skillset that positions them well to run their own businesses. But even the most gifted leaders need a little guidance when it comes to entrepreneurship.

And for the first time through the U.S. Small Business Administration's "Boots to Business: From Service to Start" program, which provides servicemembers with the guidance they need to start their own business, military personnel will benefit from the tutelage of a credit union professional.

Thanks to work by the Pennsylvania Credit Union Association, Kevin Dion, vice president of lending for Citadel FCU, Exton, Pa., with $1.8 billion in assets, will be a panelist on a financial module during this month's training program, scheduled for June 17-18 at the U.S. Army War College in Carlisle, Pa.

Dion will be the first credit union professional to participate in the program.

"I think this is a great opportunity," Dion told News Now. "We talk about the opportunities and challenges of member business lending in the credit union world, so this is a great opportunity ... for credit unions to give back to the community, and to give back to servicemembers."

Boots to Business, a two-day entrepreneurial class for veterans interested in starting a business, caters to active military members and guides them through an initial feasibility study of their business concepts.

The program also aims to help servicemembers transition from the military to the business world, and leaves participants with the ability to identify a business opportunity, develop a business plan, link up with local small business resources and get their business off the ground.

At the event Dion will outline services and loan programs offered by credit unions, such as eligibility requirements and criteria for loans, and he will also answer questions from aspiring entrepreneurs.

"It's a great opportunity for us to reach out and get the message across that credit unions are out there and they can help where sometimes the larger institutions (don't)," Dion said.

The panel also includes lenders from economic and community development organizations.

For more information use the resource link.
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