Associated Bank named Platinum Million Dollar Lender
The United States Department of Agriculture (USDA) Rural Development Wisconsin State Director, Stan Gruszynski, recently announced Associated Bank as a recipient of the Platinum Million Dollar Lender Award.
The Award is presented to lenders who have made a significant contribution to assisting Wisconsin rural residents achieve the dream of homeownership, in partnership with USDA Rural Development and the Guaranteed Rural Housing (GRH) Program.
In fiscal year 2012, Associated Bank utilized more than $5 million of GRH program funds by financing home purchases to help moderate income families in Wisconsin. More than 3,380 families across Wisconsin were able to purchase a home last year through the GRH loan program, totaling nearly $415 million.
“Working with our numerous lending partners across the state, we are able to make safe, affordable housing available to rural Wisconsin families and provide the financial resources needed for homeownership opportunities,” said Gruszynski. “Homeownership should be an achievable dream and in many cases, our Rural Housing Programs provide the only way for rural residents to buy a home. By partnering together we are able to leverage resources and overcome current economic challenges to help more families and residents achieve their homeownership goals.”
The Million Dollar Lender Award is presented at three levels based on the total of funding utilized Silver, Gold, and Platinum; Silver level utilized more than $1 million, Gold level utilized more than $2 million, and Platinum level utilized more than $5 million during the past year.
Associated has been recognized in various award levels each year since the inception of the GRH program in 2003.
“Associated Bank is pleased to accept this recognition and even more pleased to have helped so many families in Wisconsin own their own home through GRH loan program last year,” said Dave Bauer, SVP and Director of Associated Mortgage Sales. “Associated is committed to our partnership with the GRH program to provide affordable interest rates and loan terms to borrowers in the communities we serve.”
“We value our partnership with Associated Bank,” Gruszynski added, “and recognize their outstanding efforts to provide the citizens they serve with homeownership opportunities through our Home Loan