Baton Rouge, LA – Essential Credit Union has been honored as the 2025 MLP Lender of the Year by the Louisiana Economic Development Corporation (LEDC). This prestigious recognition highlights Essential Credit Union’s outstanding commitment to supporting small businesses, start-ups, and Socially and Economically Disadvantaged Individuals (SEDI)-owned businesses throughout Louisiana.
Each year, LEDC selects a financial institution that has demonstrated exceptional performance in utilizing its loan programs to provide crucial funding to small businesses. Essential Credit Union was chosen for its dedication to fostering economic growth by offering accessible financial solutions that empower entrepreneurs and business owners.
“We are incredibly honored to be recognized by LEDC as the 2025 MLP Lender of the Year,” said LaDonna Evans-Sutton, VP of Commercial Services at Essential Credit Union. “This award is a testament to our mission of supporting local businesses, providing them with the resources they need to thrive, and contributing to the economic vitality of our communities.”
Essential Credit Union will be formally recognized at the LEDC Small Business Awards Ceremony on Thursday, May 29, 2025, at the Hilton Baton Rouge Capital Center. The event will celebrate the achievements of organizations and individuals dedicated to small business success in Louisiana.
About Essential Credit Union
Essential Credit Union is a full-service financial institution dedicated to serving members with innovative banking solutions, personalized service, and a strong commitment to community development. With a focus on empowering small businesses and individuals, Essential Credit Union continues to make a lasting impact on economic growth in Louisiana.
For more information about Essential Credit Union and its business lending services, visit www.essentialcu.org.
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