Last week, Georgetown University Alumni Student Federal Credit Union crossed the $16 million mark in its managed assets. The milestone is the highest in the credit union’s 27-year history.

GUASFCU, the oldest and largest student-run financial institution in the country, saw its assets grow 37 percent over the last year.

“GUASFCU’s growth has been driven by its competitive rates and the expansion in services designed to make it a competitive, lifelong banking experience,” CEO Arjun Mehta (SFS ’11) wrote in a press release.

Mehta added that GUASFCU manages almost 12,000 accounts and $1.4 million in loans.

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