Uncle Ray started his business in 1965 out of the back seat of his 1961 Dodge Dart. A self made man who never went to college, Ray made and sold chip dips, popcorn, and shrimp cocktail sauce to local bars and stores in the Detroit area. Ray’s passion for food processing turned into his first large production facility located on Miller Road in Dearborn, Michigan.
By 1983, Ray needed more space and he purchased the Superior Potato Chip factory located on Detroit’s west side. Renamed “Uncle Ray’s Potato Chips” in 1995, Ray has been doing business the right way; providing a great product while keeping the business local employing hard-working people from Michigan.
Recently, Ray had a maturing mortgage at a local big-box bank. Even though Ray had been an outstanding customer, the bank decided that it wanted to cease renewing commercial real estate mortgages in the state of Michigan as they came due. Community Choice Credit Union (CCCU) stepped in to take care of Uncle Ray’s Potato Chips, providing a successful local business the loan solution that it needed.
“Recently, CCCU provided our loan needs in a timely manner,” said President and founder Ray Jenkins. “They are great people to work with.”
CCCU provides multiple loan solutions to Southeast Michigan businesses, furthering initiatives to give back to Michigan. Our Business Line of Credit is designed for members who need short-term capital for small projects. Benefits of the Business Line of Credit at CCCU include:
- Convenience; use the line of credit whenever you need to
- Low minimum monthly payments
- No minimum draw amount
- Access your line through e-Banking transfers
Our Commercial Loans are for long-term asset purchases like business vehicles or commercial real estate. Benefits of Commercial Loans at CCCU include:
- Personalized, member-focused service
- Competitive rates
- Variety of term option
The relationship between Uncle Ray’s and CCCU demonstrates CCCU’s commitment to its business lending philosophy; create growth and prosperity in Michigan by providing loan solutions for small businesses. A similar Michigan-focus is evident in the culture of Uncle Ray’s Potato Chips.
“We first learned about Community Choice Credit Union through a business associate who suggested them,” said Jenkins. “We liked the idea of keeping our finances in Michigan. Whenever possible, we use Michigan suppliers and support Michigan companies.”
Support Michigan and let us help you decide which loan solution fits your needs. Contact us online or by phone at 877.243.2528.
Equal Housing Lender. 