Alabama Credit Union Expands in Middle Tennessee | Finance

Morgan Prestage

A financial cooperative across the southern state border has added a customer base in Tennessee by setting up a mortgage loan officer near Spring Hill.

Listerhill Credit Union — a member-owned nonprofit founded in Muscle Shoals, Alabama, 70 years ago — cited Middle Tennessee’s “unprecedented economic growth” and a booming housing market in a statement announcing his decision to relocate Morgan Prestage, a Listerhill loan officer for two of his eight years in the banking industry, to the south-central part of Middle Tennessee for the express purpose of capturing Spring Hill’s clientele.

“We are very pleased to have Morgan on our mortgage team in Tennessee,” Moore said. “Instead of just responding to the high demand for our mortgage applications, we can now help our members in the Spring Hill area turn their dream home into a reality faster.”

Before starting with Listerhill in 2019, Prestage was a cashier at Community Spirit Bank in Red Bay. With Listerhill, she worked as a freelance loan officer for the bank’s Russellville branch. In her new role, she will provide local real estate agents with an alternative option for loan referrals.

Listerhill has already established its first Middle Tennessee branch in Columbia on Hatcher Lane, but the release announces the company’s plans to open another in the near future in Spring Hill.

This comes as Listerhill also expands into Alabama with a new office slated to open in Athens later this year. Listerhill now has 90,000 members and holds $1.1 billion in assets through its 17 branches. It is the seventh largest credit union in Alabama.

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