Serving you & your community
|
|
- Bruce Harris
- 6 years ago
- Views:
Transcription
1 Serving you & your community ANNUAL MEETING REPORT
2 CHAIRMAN S LETTER ON BEHALF OF YOUR Board of Directors, it is with great pleasure that I announce that was a successful year for Sco Credit Union. The credit union paid out $6.1 million in dividends to members in. We were able to share our success by paying ac ve members a 3.0% Bonus Dividend on shares as well as a 3.0% loan interest rebate to our borrowers. The bonus dividend and loan interest rebate, which totaled nearly $1.5 million, are examples of the value of membership with Sco Credit Union. We were again successful in with con nued growth in Sco Credit Union membership. With our network of branches and ATMs, as well as our online and mobile offerings, we were able to provide convenient products and services to area residents. We again experienced growth in deposits and steady loan volume thanks to the compe ve rates we offer. The commitment of the Board of Directors, management and staff of Sco Credit Union con nues to be focused on the fiscal interest of the credit union, the needs of our members, and the welfare of our community. It is our duty and obliga on to support the communi es in which we live and work. Because of our success in, we were also able to give more support to the communi es. We contributed $430,000 to a variety of fundraising efforts, community events, and civic organiza ons, including ac vi es at Sco Air Force Base. Our employees volunteered more than 2,100 hours in the community this past year. We are extremely proud of the volunteer efforts of our staff in. The charitable efforts we supported in included the American Cancer Society, American Diabetes Associa on, American Heart Associa on, March of Dimes, Na onal MS Society, Salva on Army and Special Olympics. We also donated over $28,000 to the United Way from the proceeds of the 10th annual Sco Credit Union golf tournament. Addi onally, some of our larger civic partnerships included the Edwardsville YMCA, Gateway Region YMCA, Highland Area Community Founda on, Illinois Center for Au sm, Jackie Joyner-Kersee Founda on, Military Night at the St. Louis Blues Game, Na onal Shrine of Our Lady of the Snows, Sco Air Force Base Family Picnic, St. Elizabeth s Hospital, and St. Joseph s Hospital in Highland. I am also pleased to tell you that our employees and members once again supported many addi onal local chari es and organiza ons. During the year, they raised money and donated items for the American Diabetes Associa on, Illinois Center for Au sm, Gateway Region YMCA Backpack A ack and United Way. Employees of SCU also provided financial educa on to more than 1,800 students from 12 area schools and youth organiza ons during the last school year. We sponsored 18 CU4Reality Financial Educa on Fairs to teach students important money management and budge ng skills. I am proud of Sco Credit Union and look forward to a future of sustained success and service to our members. On behalf of the Board of Directors, management and staff, thank you for your con nued support. William P. Hoste er, CMSGT (USAF Ret) Chairman, Board of Directors
3 PRESIDENT S LETTER Focus on members drives credit union s success in WE ARE DRIVEN EVERY DAY to be successful. That is because we truly are focused on doing the right thing for our members by providing the best value. In a world that typically does li le to take care of consumers, we are happy to provide you with an alterna ve that is trying to help you save money. Because of our not-for-profit coopera ve structure, we are able to offer you lower rates when you borrow money, be er rates on your savings, lower fees, and even the recent bonus dividend and loan interest rebate. We gave nearly $1.5 million back to our ac ve members through a 3.00% Bonus Dividend and a 3.00% Loan Interest Rebate late last year. We simply put that money back into members accounts. It was the 25th consecu ve year for a bonus dividend and the 10th year we were able to give a loan interest rebate back to you our members. Over the past eight years, Sco Credit Union has given bonus dividends and loan interest rebates back to members totaling over $9.2 million. The bonus dividend and loan interest rebate are examples of the value of your membership, confirming that choosing Sco Credit Union is a good decision. We are very pleased to announce that the Credit Union is financially strong and con nues to see growth in membership and deposits, as well as steady loan volume. Credit unions like SCU exist to serve their members, including working families, small businesses, and the local community. SCU has contributed approximately $2.2 million and its employees have volunteered 17,000 hours to a variety of local civic efforts throughout the region in the past eight years. I also would like to share some addi onal financials from. We finished the year with capital at $97.1 million, which is 8.89% of assets. Sco Credit Union remains above the 7.00% regulatory standard that is considered well capitalized. Our net earnings for were $8.5 million. Our assets at the end of were at $1.09 billion. Membership in increased 2.64% from 2015 to 135,282 members. We are looking to con nue our success in 2017 because of our conserva ve management and strong financial posi on. Throughout, we also focused on being the highest quality and most convenient financial ins tu on in the markets we serve. Our success would not be possible without our members. Our con nued success is also made possible by the commitment of our Board of Directors and our staff, which remains dedicated to providing excep onal service. We were also excited in to roll out a new tool in our branches called Savings Detector. This tool gives us the ability to see if we can save you money on an auto loan or credit card balance with another financial ins tu on. We can determine how much money we can save you over the life of that loan or credit card balance. In, we saved members over $565,000 simply by refinancing an auto loan or credit card balance to SCU. We will con nue to provide members with as much value as possible. That means that each and every day we will be guided by our members best interest. We look forward to a successful 2017! Thank you, Frank M. Padak President & CEO
4 FIVE YEAR PERFORMANCE ASSETS (in millions of dollars) EQUITY (in millions of dollars) NET LOANS (in millions of dollars) SHARES (in millions of dollars) Total Assets $1,092,616,184 $1,039,805,974 $1,040,110,871 $928,998,458 $887,748,102 Total Shares $980,299,415 $940,355,090 $889,903,753 $824,422,403 $788,471,081 Total Members 135, , , , ,112 Dividends Paid $6,194,700 $6,741,502 $6,096,387 $6,305,898 $7,222,999 Loans, Net $841,622,892 $820,647,329 $858,027,880 $773,623,211 $720,375,942 Number of Loans Granted Amount of Loans Granted 22,806 22,236 29,816 23,922 22,801 $463,618,299 $423,183,002 $538,523,821 $429,135,853 $439,549,131 Number of Loans 80,760 80,236 81,458 75,254 66,698 Gross Income $57,403,807 $52,826,314 $52,115,152 $48,954,570 $49,523,009 Net Interest Margin $17,886,628 $17,930,535 $18,834,433 $22,744,490 $22,455,302 Net Income $8,489,065 $4,635,962 $(10,318,378) $8,131,164 $9,815,428
5 BALANCE SHEET (Dollars in thousands) ASSETS 2015 Cash & cash equivalents $ 17,139 $ 16,790 Investments Held-to-maturity 1, Other 168, ,318 Federal Home Loan Bank (FHLB) stock 1,368 1,368 Loans held-for-sale 1,946 2,221 Loans receivable, net allowance for loan losses 841, ,647 Accrued interest receivable 2,209 2,100 Premises and equipment, net 28,852 30,655 Na onal Credit Union Share Insurance Fund deposit 9,290 9,014 Assets acquired in liquida on - 59 Other Assets 20,329 10,429 TOTAL ASSETS $ 1,092,616 $ 1,039,807 LIABILITIES & MEMBERS EQUITY 2015 Liabili es Accrued expenses & other liabili es $ 14,824 $ 10,432 Interest payable Total liabili es 15,189 10,813 Members Equity Share & savings accounts 980, ,355 Regular reserve 14,229 14,229 Undivided earnings 82,899 74,410 Total members equity 1,077,427 1,028,994 TOTAL LIABILITIES & MEMBERS EQUITY $ 1,092,616 $ 1,039,807 Other Income 38.98% Sources of Income Loans 59.00% Investments 2.02%
6 INCOME STATEMENT (Dollars in thousands) 2015 Interest Income Interest on loans receivable $ 33,867 $ 35,933 Interest on investments 1, Interest income 35,030 36,369 Interest Expense Dividends on members share & savings accounts 6,195 6,741 Interest on borrowed funds Interest expense 6,349 6,820 Net Interest Income 28,681 29,549 Provision for Loan Losses 10,795 11,618 Net Interest Income A er Provision for Loan Losses 17,886 17,931 Non-Interest Income Fees and service charges 8,614 8,600 Other non-interest income 8,023 7,537 Recovery due to loan defalca on 5, Non-interest income 22,374 16,457 40,260 34,388 Non-Interest Expense Compensa on and employee benefits 15,481 14,028 Opera ons 9,204 8,410 Occupancy 2,565 2,527 Loan servicing 2,407 2,397 Educa on and promo on 1,404 1,348 Professional and outside services 680 1,024 Loss on disposi on of assets acquired in liquida on, net Non-interest expense 31,771 29,752 NET INCOME $ 8,489 $ 4, % Distribu on of Income 11.06% 74.15%
7 LEADERSHIP BOARD OF DIRECTORS William P. Hoste er, CMSGT (USAF Ret) Chairman Donald E. Pierre, SMSgt (USAF Ret) Vice Chairman Roselyn M. Altman Secretary Frank M. Padak Treasurer Carolyn L. Choate Dale J. Huegen Sheila M. Vallowe ASSOCIATE DIRECTORS Judith A. Beussink Michele R. Gehlbach Lawrence J. Haffner Sarah E. Kopatz Christopher Sobrino Mark H. Witkowski SENIOR MANAGEMENT Frank M. Padak President & Chief Execu ve Officer Christopher J. Browner Chief Financial Officer Steven P. Stryker Chief Opera ng Officer Marna J. Asbury Mortgage Lending Chris A. Davis Commercial Lending & Business Services Deanna M. O Neill Employee Services David J. Roth Account Services Sco A. Seidl Execu ve Vice President Adam J. Koishor Chief Marke ng Officer Brian M. Waldron Chief Lending Officer Dale L. Beard Risk Management Linda L. Hickman Consumer Lending Sco B. Peters Finance Alan W. Simpson Network Systems EMERITUS DIRECTOR Be y L. Renth Mission Statement: Banking Simplified LOCATIONS Home Office 101 Credit Union Way Edwardsville, IL Caseyville 2134 S. Morrison Avenue Caseyville, IL Collinsville 1100 Belt Line Road Collinsville, IL East Belleville 648 Carlyle Avenue Belleville, IL Edwardsville 1067 S. State Route 157 Edwardsville, IL Fairview Heights 555 Lincoln Highway Fairview Heights, IL Highland State Route 143 Highland, IL Mascoutah 1248 W. Main Street Mascoutah, IL Millstadt 548 E. Washington, Suite 2 Millstadt, IL O Fallon 712 W. Highway 50 O Fallon, IL Sco AFB 302 W. Winters Street Sco AFB, IL Troy 501 Edwardsville Road Troy, IL Waterloo 1019 N. Illinois Street Waterloo, IL West Belleville 4807 W. Main Street Belleville, IL Wood River 570 Wesley Drive Wood River, IL 62095
8 Member Service Center: (618) or (800) 888-4SCU (4728) Sco Credit Union is an Equal Opportunity Employer.
CHAIRMAN S LETTER. Olympics. We also donated over $35,000 to the United Way from the proceeds of the 11 th annual Sco Credit Union golf tournament.
ANNUAL MEETING REPORT CHAIRMAN S LETTER ON BEHALF OF YOUR Board of Directors, I am proud to announce that was another successful year for Sco Credit Union. The credit union paid out $4.9 million in dividends
More information2015 ANNUAL REPORT DESERT SCHOOLS FEDERAL CREDIT UNION
2015 ANNUAL REPORT DESERT SCHOOLS FEDERAL CREDIT UNION Federally insured by NCUA Equal Housing Lender CHAIRMAN S REPORT Thanks to our members, dedicated staff and volunteers, 2015 was an exceptional year
More informationNORTH CAROLINA EDUCATION LOTTERY POPULAR ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2015
NORTH CAROLINA EDUCATION LOTTERY POPULAR ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2015 ABOUT THE POPULAR ANNUAL FINANCIAL REPORT The North Carolina Educa on Lo ery (NCEL) finance division is
More informationMission and Vision, Board of Directors, Executive Leadership Team...2. Message from Chairman of the Board: Johnny Williams...3
2017 ANNUAL REPORT Table of Contents Mission and Vision, Board of Directors, Executive Leadership Team...2 Message from Chairman of the Board: Johnny Williams...3 Message from CEO: Randy Theilig...4 Treasurer
More informationEnergy One Federal Credit Union
Energy One Federal Credit Union 1935-2015 Report of the President/Treasurer The Merriam-Webster dic onary defines change as: A method of undergoing a transforma on or transi on. Energy One Federal Credit
More informationY EARS. Annual Report
Y EARS 2018 Annual Report 2018 Board of Directors John A. Jones Chairman James E. Kidd Vice Chairman Jackie D. Cleghorn Treasurer Barry Brown Secretary Mary S. Edenfield-Gibbs Director Donald R. Hanson
More informationChairman s Report. President s Report ANNUAL REPORT. Board Of Directors. Supervisory Committee. Management. Our Members Matter!
Chairman s Report Throughout, TFCU continued to focus on serving our members and our communities needs. We remain committed to providing the best personal service, bringing convenience through technology
More informationDeputy Finance Director Recruitment
Deputy Finance Director Recruitment The City of Cape Girardeau, serving a growing popula on of 39,000, is succession planning for their Finance Director. The city is located between St. Louis and Memphis
More informationBEQUESTS. 2 Bequests. 3 Creative Giving. 5 Grow Your Future
BEQUESTS 2 Bequests 3 Creative Giving 5 Grow Your Future BEQUESTS to COVENANT MINISTRIES through your LEGACY PLAN People who have been regular contributors during their lifetimes usually want to include
More informationANNUAL. Federally Insured by NCUA
2017 REPORT ANNUAL Federally Insured by NCUA CHAIRMAN S REPORT Welcome to the 82nd Annual Meeting of 5Point Credit Union. Once again, our credit union continues to be a leading independent, not-for-profit
More informationANNUAL REPORT FEDERALLY INSURED BY NCUA
ANNUAL REPORT 2017 FEDERALLY INSURED BY NCUA CREDIT UNION TRADITIONS Matanuska Valley Federal Credit Union (MVFCU) was founded in Palmer, Alaska, by a small group of New Deal farmers in the spirit of people
More informationCHARITABLE GIVING. 2 Creative Giving. 4 Charitable Gift Annuities. 6 Charitable Remainder Unitrust. 8 Covenant Endowment Trust
CHARITABLE GIVING 2 Creative Giving 4 Charitable Gift Annuities 6 Charitable Remainder Unitrust 8 Covenant Endowment Trust Creative Giving Most of us have a favorite ministry we want to support that ministry
More informationWhat Matters Most 2017 ANNUAL REPORT
What Matters Most 2017 ANNUAL REPORT chairman and president s report For more than 80 years, MECU has been helping our members achieve their financial goals, and 2017 was no exception. From building credit
More informationINTRODUCTION. Objectives, Scope, and Methodology. Introduc on
START HERE INTRODUCTION Introduction Objectives, Scope, and Methodology Objectives, Scope, and Methodology (continued) Introduc on This report covers Multnomah County s tax expenditures. This review was
More informationA promising future propelled by Vision
A promising future propelled by Vision 2015 ANNUAL REPORT A promising future propelled by Vision 2015 in Review Every year at this time, I am filled with pride as I reflect on all that Preferred Mutual
More information2015 annual report. 80 years strong. A solid foundation for the future
annual report 80 years strong A solid foundation for the future TABLE OF CONTENTS 1 Message from the Chairman and President 2 Highlights 6 80 Years Strong 8 Performance Trends 10 Financial Statements 13
More informationAnnual Report. The Relationship of a Lifetime
Annual Report 2017 The Relationship of a Lifetime A Message from the President/CEO and Board Chairman Dear Members, As we reflect on 2017, we are filled with a sense of pride. GHS Federal Credit Union
More information2016 Annual Report. Helping people achieve their financial dreams.
2016 Annual Report Helping people achieve their financial dreams. Helping our Neighbors Like all credit unions, we were created with a philosophy of People Helping People. This means we have the pleasure
More informationIncome and Expense Statement
Income and Expense Statement 1.15.5.F1 Take Charge of Your Finances Advanced Level Do you know where your money is coming from and where it is going? The Income and Expense Statement is a financial tool
More informationLeadership and Growth
By the Numbers President/CEO and Board Chair Report Report of the CEO and Board Chair for 2017 In 2016, the Federal Reserve Board conducted its fourth annual survey of the US population and concluded that
More information2016 ANNUAL REPORT. serving more than 600,000 members. Federally insured by NCUA
2016 ANNUAL REPORT serving more than 600,000 members Federally insured by NCUA Contents 2 4 6 7 8 10 11 The Board of Directors and President s Report Lending Report Treasurer s Report Supervisory Committee
More informationOur Mission. Our Values
2010 ANNUAL REPORT Our Mission To improve the financial security of members and their families To be the principal supplier of financial services to our members To maintain a sound conservative financial
More informationCWWA Advocacy and the Federal Budget
CWWA Advocacy and the Federal Budget Our Impact Our Opportunity Our Position Canadian Water and Wastewater Association OCTOBER 2016 Page 1 CWWA and national advocacy the voice of the municipal water and
More informationTHE NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION
THE NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION 2017 ANNUAL REPORT Steven J. Berkowitz, Chairman of the Board board@nihfcu.org Rick Wieczorek, President & CEO ceo@nihfcu.org Chairman s and President
More informationPersonal Exemp ons. Standard Deduc on
Personal Exemp ons Taxpayer, Spouse, Qualified Child Qualified Rela ve $4,050 for each person in the household All Personal Exemp ons are Eliminated Standard Deduc on If your filing status is... Single
More informationTax. Treasury Notice on Inversions Leaves Basic Inversion Transactions Intact. In this Issue: in the news. October 2014
in the news Tax October 2014 Treasury Notice on Inversions Leaves Basic Inversion Transactions Intact In this Issue: Deferred Earnings and Profits of CFCs Code Sec on 956(e) Code Sec on 7701(l)... 2 Code
More informationANNUAL REPORT. Local. Trusted. Since Federally insured by NCUA
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government 2016 ANNUAL REPORT Federally insured by NCUA Local. Trusted. Since 1934. TO OUR
More informationENDOWMENT SERVICES. 2 Endowments. 18 Covenant Endowment Trust. 20 Bequests. 22 Creative Giving. 24 In It Together
ENDOWMENT SERVICES 2 Endowments 18 Covenant Endowment Trust 20 Bequests 22 Creative Giving 24 In It Together It s all about the future it s all about the future... Growing Your Ministry through Endowment
More informationColumbia Credit Union. Making life better since 1952
Annual Report 2012 Columbia Credit Union Making life better since 1952 CEO & Chair Report In 2012, Columbia Credit Union celebrated its 60th Anniversary of service and making life better throughout Southwest
More informationANNUAL REPORT. Local. Trusted. Since Federally insured by NCUA
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government 2017 ANNUAL REPORT Federally insured by NCUA Local. Trusted. Since 1934. TO OUR
More informationANNUAL REPORT. Federally insured by NCUA cport is an Equal Housing Lender NMLS ID:
2018 ANNUAL REPORT Federally insured by NCUA cport is an Equal Housing Lender NMLS ID: 409174 Our Vision To deliver the best financial experience to our members Our Values CONFIDENCE We are financially
More information2015 Annual Report. MECU, Baltimore s Credit Union Working Hard for You Since 1936
2015 Annual Report MECU, Baltimore s Credit Union Working Hard for You Since 1936 Chairman s & CEO s Message affordable and competitive products to an expanding member base within diverse communities.
More informationThe Business Planning Group Inc. Re rement Planning Guide 2017 Edi on
2017 Edi on Table of Contents Why you should help your clients set up a Qualified Retirement Plan 3 Overview of Qualified Plans 4 Chart of Qualified Retirement Plan Options 5 Individual Retirement Account
More informationTax Cuts and Jobs Act of 2017
Tax Cuts and Jobs Act of 2017 How Tax Reform Will Impact Individuals and Businesses in 2018 Your trusted advisors, guiding you with knowledge and care. Dear Taxpayer, A er months of intense nego a ons,
More informationPacese ers in Microfinance Trainings. In Associa on with. Ghana's First Microfinance Investment Brokers
Pacese ers in Microfinance Trainings In Associa on with Ghana's First Microfinance Investment Brokers MEET THE INVESTORS FORUM A 5 day interac ve super Training & Meet the Investors Forum. These are specially
More informationSummary of Professional Liability Insurance for CSP Students & Associate Members Qualified to Prac ce Sports Massage 1st July 2017 to 30th June 2018
Summary of Professional Liability Insurance for CSP Students & Associate Members Qualified to Prac ce Sports Massage 1st July 2017 to 30th June 2018 1st July 2017 Contents Important Informa on from the
More informationOur Members Futures Depend on our Ability to Maximize the Value of the Assets Entrusted to us.
ANNUAL REPORT 2016 Our Members Futures Depend on our Ability to Maximize the Value of the Assets Entrusted to us. OUR VISION To become our members first choice through advocacy, innovation, and service.
More informationWE 2017 ANNUAL REPORT
WE 2017 ANNUAL REPORT Mission Vision Credit Union improves the lives of the people we serve and the well-being of our communities. vision Vision Credit Union will be the financial service provider of choice
More informationVIETNAM INSURANCE LAW UPDATE
Introduc on VIETNAM INSURANCE LAW UPDATE Although Vietnam s insurance market has experienced double digit growth in recent years, and the sector has opened up since Vietnam joined the World Trade Organiza
More informationThe Fundamentals of Investing Vocabulary List
Page 14 2.4.4.E1 The Fundamentals of Investing Vocabulary List TERM DEFINITION 1 Bond A form of lending to a company or the government (city, state, or federal) 2 Brokerage firm Facilitates the buying
More informationMessage from the Chairman
2014 ANNUAL REPORT Message from the Chairman Robert G. Cooper 2014 Highlights Last year we completed the new Harrison office, fulfilling many needs. The branch now offers you private offices, better parking,
More informationCommunity Bankers for Compliance 2019
Community Bankers for Compliance 2019 Providing prac cal and user friendly compliance techniques rela ng to all areas of compliance. Sponsored By:, IN February 12 & 13, 2019 May 7 & 8, 2019 August 6 &
More informationIntroduc on to Depository Ins tu ons
Introduc on to Depository Ins tu ons Advanced Level Millions of people use financial services offered by depository ins tu ons on a daily basis to help them manage their money. Commercial banks, credit
More informationfam i ly fam( )le e noun
Fibre Family Album 2017 fam i ly fam( )le e noun - 1. a group consisting of parents and children living together in a household. 2. the staff and members of a not-for-profit, memberowned credit union,
More informationQ uality. Circle Presented by the Western Pennsylvania AssociaƟon of SBA Guaranteed Lenders
Q uality Circle 2017 Presented by the Western Pennsylvania AssociaƟon of SBA Guaranteed Lenders April 20-21, 2017 Nemacolin Woodlands Resort Farmington, PA A C Join WPASGL at its 22nd Annual Quality Circle
More informationA Year of Ground-breaking Achievement
A Year of Ground-breaking Achievement 2018 marked a year of new milestones in financial stability and growth at LA Financial, with the credit union reaching 399 million in assets. We accomplished this
More informationServing our Members, our Community, and Each Other
Serving our Members, our Community, and Each Other Annual Report Federally insured by the NCUA Chair and President s Report Doris Sims Board Chair Bryan Price President & CEO We are pleased to report that
More informationThe Foundation Schools 2017 Benefit
Dear Friend, For more than 40 years, The Founda on Schools has built a founda on to empower the future success of our students behaviors, academics, family rela onships and future work and life. On March
More informationORE TRENGTH XCEPTIONAL ERFORMANCE
ORE TRENGTH XCEPTIONAL ERFORMANCE 2016 ANNUAL REPORT COMMUNITY FINANCIAL GROUP, INC. Dear Fellow Shareholders 's strong financial performance is proof that our vision and strategic plans for being the
More informationEnjoy our great state with a great checking account.
Common Interest Summer 2016 msgcu.org Enjoy our great state with a great checking account. MSGCU wants to help you make the most of your summer. For a limited time, current and new members without regular
More informationOVERVIEW OF SINGAPORE BUSINESS ENTITIES
OVERVIEW OF SINGAPORE BUSINESS ENTITIES CHOOSE A TYPE OF BUSINESS STRUCTURE Choosing the right structure for the business is very cri cal for the success of a venture. Tax and regulatory compliance requirements
More informationWELCOME! MEMBERSHIP GUIDE First Nebraska Educators Credit Union would like to welcome you to our community of members.
MEMBERSHIP GUIDE 2015 WELCOME! First Nebraska Educators Credit Union would like to welcome you to our community of members. Our mission is to provide professional financial services for the benefit of
More informationChairman s Report. During 2017, the Board and Management
2017 Federally Annual Insured By Report NCUA Chairman s Report As we mark the end of another successful year, even with visions of bigger and better things ahead, we continue to focus on the things that
More informationPlan65. Medicare Supplement. Plan Options. Great health plans
Plan65 Medicare Supplement Plan Options Great health plans Effective July 2018 through December 2018 The Blue Difference: Local plans, local service It s time to choose a Medicare supplement plan! It s
More informationInterim Financial Statements TRADE FINANCE & INVESTMENTS PLC TRADE FINANCE. For the Quarter ended 30 th June 2018
TRADE FINANCE Interim Financial Statements TRADE FINANCE & INVESTMENTS PLC Subsidiary of COMMERCIAL CREDIT & FINANCE PLC 459, Union Place, Colombo - 02. +94 (0)112 688 421-2 / +94 (0)112 698 818 +94 (0)112
More informationANNUAL REPORT. The new extended branch hours; especially 8 AM to 8 PM work great for my busy life. Jeannine, Gresham. 5 of 5
ANNUAL REPORT 2014 The new extended branch hours; especially 8 AM to 8 PM work great for my busy life. Jeannine, Gresham The President s Report Welcome to 64th Annual Meeting of Rivermark Com-munity Credit
More information2015 Annual Report. CommunityAmerica.com Federally insured by NCUA.
2015 Annual Report CommunityAmerica.com Federally insured by NCUA. In 2015, CommunityAmerica was delighted and humbled to celebrate our 75th anniversary. We spent this year in a similar fashion to the
More informationPeople s Credit Union 2016 Annual Report
2016 Annual Report UNITED LOCALLY INVESTED MEMBER OWNED COOPERATIVE BANKING SHARED VALUES CHARITABLE LOCAL EXTRAORDINARY UNIFIED COMMON GOALS You Belong Here. People s Credit Union 2016 Annual Report Table
More informationA Letter to Our Stockholders
Annual Report A Letter to Our Stockholders As we close the books on an eventful, I wish to highlight some of the many positives accomplished during the year. Last year began with the completion of our
More informationAnnual Report Farmers and Merchants Bancshares, Inc.
Annual Report 2014 Farmers and Merchants Bancshares, Inc. Contents 3-4 5 6 7 8 Message from the President Report of the Audit Committee Financials Organizational Chart Contact Information President s Message
More informationSTRUCTURING AN ESOP TRANSACTION
For many privately held business owners, the sale of their company is a once in a life me event. Faced with this inevitable decision, you want to make the right choice. This can be a confusing and emo
More information2017 Annual Report. Exceeding Member Expectations since 1934 Credit Union
2017 Annual Report Exceeding Member Expectations since 1934 Credit Union Message from the Chairman Our credit union has enjoyed another resoundingly successful year. In 2017, the credit union continued
More informationSan Francisco Federal Credit Union
20 San Francisco Federal Credit Union 15 Annual Report 770 Golden Gate Avenue, San Francisco, CA 94102 SanFranciscoFCU.com 415.775.5377 GIVING BACK At San Francisco Federal Credit Union, we are dedicated
More informationExpect the Unexpected.
EXPECT THE UNEXPECTED 1 Expect the Unexpected. In, Kinecta asked its members to Expect the Unexpected. This simple phrase is our brand promise and serves as a constant reminder of our goal to deliver
More informationCompass Health 2017 Employee Benefits Summary
Compass Health 2017 Employee Benefits Summary Benefits are effec ve the first of the month following a 30 day wait period a er full me employment, unless otherwise noted. All benefits premiums are deducted
More informationgood people make it all possible Annual Report Celebrating Our 40th Year
good people make it all possible. 2015 Annual Report Celebrating Our 40th Year good people make it personal. Report of the Chairman and President / CEO T This year marks our 40th year anniversary. It also
More informationLETTER TO MEMBERSHIP. Dear Members, from Thomas J. Gryp, President & CEO
LETTER TO MEMBERSHIP from Thomas J. Gryp, President & CEO Dear Members, I am happy to report that your credit union ended the year with a profit of $287,524, a significant improvement over 2011 results.
More informationANNUAL REPORT. Open. Honest. Hardworking.
2016 ANNUAL REPORT Open. Honest. Hardworking. Honest To Goodness Report Since 2011, ABNB has been on a mission to save the Hampton Roads community from high-interest loans and low returns on their investments
More informationCOUNTY OF KINGS Invites Applications For: ASSISTANT COUNTY ADMINISTRATIVE OFFICER
COUNTY OF KINGS Invites Applications For: ASSISTANT COUNTY ADMINISTRATIVE OFFICER ABOUT KINGS COUNTY Located in the heart of California's rich San Joaquin Valley, Kings County is 200 miles from the greater
More informationYou Belong Here Annual Report
You Belong Here. 2017 Annual Report People s Credit Union 2017 Annual Report Table of Contents Leadership 3 Board Chair and CEO s Message 4 Chief Operating Officer s Message 6 Treasurer s Report 7 Supervisory
More informationYOUR INSURED FUNDS WHERE CAN I FIND MORE INFORMATION? Call toll-free , op on 2
WHERE CAN I FIND MORE INFORMATION? Call toll-free 1-800-755-1030, op on 2 Read more about NCUA Share Insurance at: MyCreditUnion.gov/shareinsurance Calculate share insurance coverage Use NCUA s Share Insurance
More informationFASNY FEDERAL CREDIT UNION ANNUAL REPORT FISCAL YEAR 2011
Supporting the Volunteer Fire Service FASNY FEDERAL CREDIT UNION ANNUAL REPORT FISCAL YEAR 2011 CONTENTS ANNUAL MEETING NOTICE... PAGE 2 CHAIRMAN & CHIEF OPERATING OFFICER S REPORT... PAGE 3 BALANCE SHEET
More informationJULY The Liaison LAKEWOOD SHORES POA
JULY 2018 The Liaison LAKEWOOD SHORES POA L A K E W O O D S H O R E S P O A P A G E 2 President Corner: Gree ngs: We had a great turn out for the 2018 annual mee ng on June 16. Each of the commi ees gave
More informationFAST RETAILING CO., LTD.
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the Stock Exchange ) take no responsibility for the contents of this announcement, make no representa on as to its
More informationInterim Financial Statements For the Quarter Ended 31 st December 2016
TRADE FINANCE (Company Reg: No. PQ-445) Interim Financial Statements 39 TRADE FINANCE & INVESTMENTS PLC Subsidiary of COMMERCIAL CREDIT & FINANCE PLC 459, Union Place, Colombo - 02. +94 (0)112 688 421-2
More informationTHANK YOU FOR BEING A VALUED MEMBER OF VYSTAR CREDIT UNION.
ANNUAL REPORT REPORT TO MEMBERS THANK YOU FOR BEING A VALUED MEMBER OF VYSTAR CREDIT UNION. Thanks to you, our valued members, was a year filled with exciting changes and growth for VyStar. Your credit
More informationКлючевые целевые показатели
Moscow Interna-onal Financial Center Development Ключевые целевые показатели Roadmap Highlights 1 1. Progress Landmarks 2010-13 {3} 2. Key Principles of Roadmap 2013-18 {4} 3. Par-cipants and Instruments
More informationMedia Kit. AMOCO Federal Credit Union P.O. Box 889 Texas City, TX amocofcu.org
AMOCO Federal Credit Union P.O. Box 889 Texas City, TX 77592-0889 409.948.8541 800.231.6053 amocofcu.org Media Kit Media Contact: Tina Foster VP Culture & Communications 281.534.5508 tfoster@amocofcu.org
More information2006 ANNUAL REPORT BUILDING A SOLID FUTURE FOR OUR MEMBERS
ANNUAL REPORT BUILDING A SOLID FUTURE FOR OUR MEMBERS BUILDING ON OUR COMMITMENT TO MEMBER SERVICE In, Alliant Credit Union continued its long-standing philosophy of offering our members exceptional rates
More information2015 MARKED OUR 10-YEAR CELEBRATION OF INNOVATIONS SPARKING CHANGE.
2015 MARKED OUR 10-YEAR CELEBRATION OF INNOVATIONS SPARKING CHANGE. FINANCIALS: The local economy continued a positive trend with employment, tourism, industry, and real estate sales in 2015. We remain
More information2017 ECONOMIC AND WORKFORCE PROFILE Grant County
2017 ECONOMIC AND WORKFORCE PROFILE Grant County STATE OF WISCONSIN DETI-17957-GRT-P (R. 3/2018) Percentage of Total Popula on, Ages 65 and Older Wisconsin now has more people employed and more private
More informationMain Branch 1500 S. Sepulveda Blvd. Los Angeles, CA UCLA Campus Branch 308 Westwood Plaza, Los Angeles, CA A-Level
Main Branch 1500 S. Sepulveda Blvd. Los Angeles, CA 90025 UCLA Campus Branch 308 Westwood Plaza, Los Angeles, CA 90095 A-Level www.ucu.org (800) UCU-4510 /UniversityCU.LA @UniversityCreditUnion @UCU_LA
More informationHEALTHCARE ASSOCIATES CREDIT UNION, The healthy way to bank. Annual Report. Bank Healthy around the clock
HEALTHCARE ASSOCIATES CREDIT UNION, The healthy way to bank Annual Report Bank Healthy around the clock Bank Healthy around the clock Executive Message + WHAT IS FINANCIAL WELLNESS? Our Mission Helping
More informationFinancial & Regulatory Review Financial Strength Exceptional Member Experience Improving Members Financial Well-being
Improving Members Financial Well-being Financial Well-being is different for every person. For some, it means being prepared financially to continue your education, travel, finance a vehicle, purchase
More informationBANK YOU LIKE OWN THE PLACE ...BECAUSE YOU DO! 2 FIRST SERVICE CREDIT UNION
1 FIRST SERVICE CREDIT CREDIT UNION UNION ANNUAL REPORT 2015 BANK LIKE YOU OWN THE PLACE...BECAUSE YOU DO! 2 FIRST SERVICE CREDIT UNION ANNUAL MEETING AGENDA Call to Order / Ascertainment of Quorum Designation
More informationJudi Berkley Mark E. Claeys Stephen T. Hamborg Laurie Simpson Roger Gerdes Jason Brantley Mano Mannoochahr Jenny Preston Leslie Raya
ANNUAL REPORT FROM THE PRESIDENT 2012 2013 31,653 30,595 2013 29,465 2012 27,892 Membership Dear Members, was a very strong year for Deere Employees Credit Union. It was also a special year for us, as
More informationwhich looks like a credit card, but is electronically connected to the cardholder s bank account.
U C C T C Y F A L 1.4.1.F1 Credit is derived from the La n word credo meaning I believe. Credit is when goods, services, or money is received in exchange for a promise to pay a definite sum of money at
More informationChromebook Computing Devices RFP
Chromebook Computing Devices RFP May 15, 2018 NOTICE TO VENDORS EdAdvance will be receiving sealed proposals through May 31, 2018, 4:00 p.m. Eastern Time for Chromebook Compu ng Devices Tony DiLeone Director
More informationChairman s Report. Chairman s Report
2015 ANNUAL REPORT America s First Federal Credit Union is committed to its founding principle of improving the quality of members lives by maintaining a strong, secure, and innovative credit union that
More informationFinancial Condi on Analysis Training. Workshop outcomes. Purpose of model. November William C. Rivenbark
Financial Condi on Analysis Training November 2014 William C. Rivenbark Workshop outcomes 1. Understand the purpose and design of model 2. Calculate and interpret financial indicators for the general funds
More informationBy Jennifer Johnson, NAIC Capital Markets Manager II. This report was originally published by the NAIC Capital Markets Group on July 2, 2015.
A U.S. I R Y L I R E? By Jennifer Johnson, NAIC Capital Markets Manager II This report was originally published by the NAIC Capital Markets Group on July 2, 2015. 1 The current low interest rate environment
More informationPRESIDENT S REPORT. Ronald L. Westad President & CEO
2014 Annual Report PRESIDENT S REPORT Arizona Federal is a not-for-profit financial cooperative a group of people who have joined together in pursuit of our common goal: taking control of our financial
More informationVerity Credit Union Annual Report
Verity Credit Union Annual Report 2017 01 welcome from the board chair A bold new vision for tomorrow 02 we started 2017 with a new vision for Verity, cooperative communities who dream boldly. With that
More informationH RIZ NS FEDERAL CREDIT UNION
80 YEARS 2 0 1 6 H RIZ NS FEDERAL CREDIT UNION FRIENDLY SERVICE AND GREAT RATES A n n u a l R e p o r t Main Office 120 Main Street, Binghamton, N.Y. Vestal Branch Campus Plaza 3701 Vestal Parkway East,
More informationNAVIGATING LIFE S JOURNEY TOGETHER
NAVIGATING LIFE S JOURNEY TOGETHER 2016 ANNUAL REPORT Federally insured by NCUA. MESSAGE FROM THE CHAIRMAN 2016 was certainly a challenging year for our nation and for many of our communities particularly
More informationEmery FCU 2011 Holiday Schedule
Solutions Fall 2011 Credit Union Access Website: emeryfcu.org info@emeryfcu.org 513.530.9351 Blue Ash Main Office 7890 E. Kemper Road Liberty Twp. 7350 Liberty One Drive Western Hills 5070 Glencrossing
More informationCommunica on with Local Communi es. Hiring Local Manpower and Resources. Office Open in Belgrade
Defining and adopting the Stakeholder Engagement Plan (SEP) Rakita has defined the Stakeholder Engagement Plan (SEP), which represents the base-line for communica on and cooperaon with target audiences
More informationGarick Zillgitt Second Vice Chair Insurance Executive. Laura Chambers. Director. Business Executive. Vickie Rath. Director. Financial Consultant
Leadership Team Leadership Team Patelco President and Chief Executive Officer Erin Mendez (center) with Board of s, L to R: Robert McCormish, Trevor Thomas, Sharon Wilson, Peter Hanelt, Race Chen, Jeffrey
More informationMoney News. with your high-fee checking account! You ll love ABCO FCU s checking accounts! Winter 17. A Quarterly Publication. goabco.
Money News A Quarterly Publication Winter 17 with your high-fee checking account! You ll love ABCO FCU s checking accounts! Tired of your bank nickel and diming you with fees? A lot of people just think
More informationCHAIRMAN & PRESIDENT S REPORT SUPERVISORY COMMITTEE REPORT
2017 ANNUAL REPORT CHAIRMAN & PRESIDENT S REPORT If we were looking for a theme for 2017, it would be growth and expansion. A cooperative s health is often measured by its ability to grow and expand in
More information