KANSAS CITY, Mo. (3/13/13)--Minority-owned Alpha Energy and Electric became a Mazuma CU business resources partner in 2009, after being turned away three times by different banks, when Mazuma came through by providing business loans and deposit accounts. The company now has won several awards.
"Mazuma is honored to be a small part of Alpha Energy's success," said Brandon Michaels, Mazuma president/CEO. "After being declined by numerous area banks, Mazuma simply gave a valuable, talented community asset the opportunity booster-shot to succeed."
As a corporate sponsor of the Mid-America Minority Supplier Development Council (MSDC), Mazuma CU in Kansas City, Mo., with $477 million in assets, saw what can be accomplished when its business resources partner Alpha Energy and Electric, Inc., Kansas City, Mo, won the MSDC 'Supplier of the Year' Award (Category II--Annual Sales between $1 million to $10 million).
Also, Alpha E&E received The U.S. Small Business Administration 2012 Minority Small Business of the Year (Kansas City District) Award. The announcement came at the 27th Annual Mid-America MSDC Award Luncheon held Jan. 30 in Kansas City, Mo.
Alpha Energy and Electric provides innovative design-build approaches and is a local leader in green energy for some of the Midwest's highest profile clients, including the Sprint Center Arena in Kansas City, Missouri, Whiteman Air Force Base in Knob Noster, Missouri, the Robert Denney Federal Courthouse in Lincoln, Neb., and Kansas City's major league sports venues Kauffman Stadium and Arrowhead Stadium.
"In the span of a few short years, Alpha Energy and Electric grew from a tiny outfit operating in a two-room office into a company that contributes to the region's largest construction projects," said Alpha Energy and Electric Chairman and CEO Ike Nwabuonwu. "All of our clients counted on Alpha Energy and Electric's professional expertise. When our growth spurt made day-to-day finances a little tougher to achieve, we counted on Mazuma CU, and they were there for us when typical banks ran the other way.
"Without a partner like Mazuma, Alpha Energy and Electric would not necessarily be receiving the accolades our small minority business enjoys, today," he added." Frankly, our success is also Mazuma's success; we absolutely treasure our relationship."
"It's incredibly gratifying to work with and witness a company like Alpha Energy and Electric grow. All we did was add a little financial fertilizer and water the lawn," said Lisa Snead, Mazuma's vice president of business partnerships. "Never mind the recession. It was the vision, commitment and caring of their fearless principles, chairman and CEO Ike Nwabuonwu and President Gabriel Okafor, which made Alpha Energy reach this new plateau. The recognition of our city's leaders and Alpha Energy's general success is nothing short of inspirational."
The Credit Union National Association and credit unions reintroduced in Congress last month legislation to raise credit unions' member business lending cap to 27.5% of total assets, up from the current 12.25%. Doing so would generate $14.5 billion available for member business loans--and increase jobs by 158,000 in the first year without costing the taxpayer, according to new statistics from CUNA.