Verity Credit Union Annual Report
|
|
- Harry Parrish
- 5 years ago
- Views:
Transcription
1 Verity Credit Union Annual Report
2 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 bold vision came a new challenge: defining community. Looking beyond the physical boundaries of the neighborhoods where we live or work, community is a support network and a common bond. It is knowing that your deposit can provide fellow members loans that will expand their array of opportunities and improve their lives, just as much as it is knowing that the same deposit enables a fleet of volunteers to serve their community. We re proud to welcome the 3,769 members who joined our community in Together, we didn't just enhance the lives of our fellow members by increasing loans by 12.9% we reached people outside of their daily finances. We fueled the businesses and leaders of tomorrow through the Business Impact Micro Loan Fund, empowered fellow credit unions to offer home mortgages through CU Home Mortgage Solutions, staged many events throughout the greater Seattle area, and unleashed roughly 2,400 hours of community service through our staff and board volunteers. of local organizations, in addition to the financial services that we expect. By choosing Verity, you empower us to help all communities dream boldly and we appreciate your support. My thanks go out to my fellow volunteers, our board of directors, supervisory committee and board associates, who not only lent their time to Verity but to other community organizations throughout the year. I also thank the community leaders and representatives who were willing to spend time with us to discuss the many issues facing our communities and help us see how Verity might help. Most of all, I want to thank our staff and management team. Verity continues to earn high marks in customer satisfaction and as an excellent place to work because of their hard work and dedication. Their belief that trust is earned every day, commitment to lifelong learning, and devotion to putting people before the bottom line shines through in everything they do. It is truly a privilege to serve alongside such fabulous people affords us the opportunity to take things up a notch, but that won t be possible without you. Our new community branch in West Seattle will be the first of its kind, offering a flexible community meeting space to foster the development Zachary S. Gose Board Chair, (cover) Oil on canvas courtesy of local artist, Christine Olson. 02 Digital painting courtesy of local artist, Jeremiah Hammer. annual report
3 ceo s report Banking on values a big part of Verity s mission is to build strong and viable communities. To help us learn how to best fulfill this mission, Verity joined The Global Alliance for Banking on Values (GABV). This group of financial institutions around the globe shares Verity s commitment to building strong communities and using finance to deliver sustainable economic, social and environmental development. The Global Alliance is comprised of 46 financial institutions and seven strategic partners operating in numerous countries. Members of the GABV focus on building stronger communities and helping individuals fulfill their potential. The GABV itself serves as a catalyst, bringing together the world s leading values-based financial institutions who see banking as a positive force in meeting the needs of people and the planet. GABV institutions measure not just the bottom line, but the impact they have on positive social change and improving our environment. We look forward to learning from our colleagues around the world how better to serve and build our communities. Our commitment to promoting strong and viable communities has pushed us to increase our efforts to support members in new ways to help them live a more environmentally friendly lifestyle. In addition to bicycle loans and loan discounts for green auto loans, Verity launched a solar loan program in 2017 to help members fund the cost of installing solar panels on their homes. We partnered with several local contractors to provide a financing solution for residential solar projects while helping members learn more about solar energy systems, rebates and advantages. We even found ourselves in Olympia testifying in favor of a bill to support the solar industry in Washington. Productive communities are supported by small businesses and residents who buy local. Verity supports entrepreneurship through our relationship with Business Impact Northwest and in cooperation with several other local credit unions. In 2017 we invested $1 million in a micro loan funding program for small and start-up businesses through Business Impact Northwest. The program provides access to capital and exists to fund women, veterans, communities of color, immigrants, LGBT and disabled entrepreneurs. At the core of our values is our commitment to people coming first, before the bottom line. We work hard to attract and retain the best possible team to serve you every day, and we try to create a positive and constructive environment for our employees. Those efforts have paid off with Verity once again being named to the 101 Best & Brightest Companies to Work For and Seattle Business Magazine s 100 Best Companies to Work For. As we look forward to the future and to what 2018 brings, we are excited to expand our commitment to communities into West Seattle's Alaska Junction neighborhood. Our new branch on California Avenue will be open summer 2018 and will be a resource for the community. We are already busy meeting our neighbors-to-be. The excitement and the energy that lives in West Seattle is inspiring we can t wait to join the neighborhood. Of course, our community work starts with our interaction with each and every member each and every day. We hope that we have lived up to your expectations and that we earn your trust with every interaction. If you have ideas of how we can improve our services, please let us know. We value your loyalty and your trust in us. Finally, my thanks go out to our board of directors and employees for their willingness to embrace our mission of enhancing our members lives and vision of cooperative communities who dream boldly. We can each make a difference, and when we band together with like-minded individuals, the potential for positive change is limitless. John Zmolek Chief Executive Officer income & expense statement Fiscal year ended 12/31/ /31/2016 Interest Income Loans receivable $ 17,344,429 $ 16,347,946 Investments and interest-bearing accounts 2,036,115 1,820,593 Total interest income $ 19,380,544 $ 18,168,539 Interest Expense Members share accounts $ 1,394,099 1,405,999 Borrowed funds 182, ,798 Total interest expense $ 1,576,682 $ 1,707,797 NET INTEREST INCOME $ 17,803,862 $ 16,460,742 Provision for loan losses 1,883,055 1,624,969 NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES $ 15,920,807 $ 14,835,773 Non-Interest Income Fees and charges $ 6,018,801 $ 5,596,428 Gain on sales of loans 409,943 1,532,893 Interchange income 2,819,120 2,600,782 Other 1,289,314 1,233,462 Total non-interest income $ 10,537,178 $ 10,963,565 Non-Interest Expense Compensation and benefits $ 11,243,414 $ 11,155,422 Operations 11,440,042 11,992,230 Occupancy 1,246,885 1,275,136 Total non-interest expense $ 23,930,341 $ 24,422,788 NET INCOME $ 2,527,644 $ 1,376,550 Net income (loss) attributable to non-controlling interest 11,425 (14,683) NET INCOME ATTRIBUTABLE TO VERITY CREDIT UNION $ 2,539,069 $ 1,361,867 These statements represent Verity and CUHMS consolidated annual report 2017 annual report
4 balance sheet Fiscal year ended 12/31/ /31/2016 Assets Cash and cash equivalents $ 10,991,784 $ 32,802,768 Investments Securities available for sale 88,521,767 86,160,505 Other 2,030,933 2,175,559 Loans receivable, net 400,288, ,706,603 Loans held for sale 404, ,200 Accrued interest receivable 1,431,520 1,223,791 Property and equipment, net 10,742,836 11,546,038 National Credit Union Share Insurance Fund deposit 4,207,309 3,858,783 Other assets 8,815,318 10,309,042 Total assets $ 527,434,241 $ 502,399,289 Liabilities Members share accounts $ 459,602,133 $ 438,637,458 Accrued expenses and other liabilities 6,837,318 6,297,830 Borrowed funds 13,400,000 12,400,000 Total liabilities $ 479,839,451 $ 457,335,288 Members' equity Regular reserve $ 5,565,164 $ 5,565,164 Undivided earnings 42,926,837 40,387,768 Accumulated other comprehensive loss (1,481,942) (1,485,087) Total members' equity $ 47,010,059 $ 44,467,845 Non-controlling interest 584, ,156 TOTAL LIABILITIES & EQUITY $ 527,434,241 $ 502,399,289 supervisory report Safeguarding members' assets the supervisory committee is an independent governing entity of Verity that shares responsibility with the board of directors. It monitors the board and management for: (a) providing required financial reporting and (b) establishing practices, procedures and policies to safeguard financial assets. The committee consists of four elected members, has regular periodic meetings, directly supervises the internal audit function, and maintains liaison with federal and state regulators to ensure that Verity is in compliance with applicable regulations. The independent CPA firm of Moss-Adams LLP was retained by the committee to audit and prepare Verity's 2017 financial statements. Your 2017 board of directors Zachary S. Gose, Chair Benjamin Lundell, Vice Chair Karen Hunt, Secretary Rodolfo Hurtado Anthony Kusske David Priestly Dan Strandy Trina Venard Dan Young Your 2017 supervisory committee John Carpenter, Chair Steve Andersen Rodolfo Hurtado Alan Randell-Chen 02 TOTAL MEMBERSHIP 31,568 30,315 These statements represent Verity and CUHMS consolidated. 01 (previous page) Watercolor courtesy of local artist, Matthew Pritchett. 02 Oil on canvas courtesy of John Osgood. John Carpenter Supervisory Committee Chair, 2017 Contact the supervisory committee: supervisorycommittee@veritycu.com Supervisory Committee P.O. Box Seattle, WA Your 2017 board associates Eric Esteban Evan Gay Your executive team John Zmolek, Chief Executive Officer Justin Martin, Chief Operating Officer Jason Hirl, Chief Technology Officer Heidi Cleveland, Chief Marketing Officer Tina Narron, Chief Lending Officer Brad Tanberg, Chief Financial Officer 4 annual report 2017 annual report
5
preparing for CHANGE 2013 Annual Report Federally Insured by NCUA
preparing for CHANGE 2013 Annual Report Federally Insured by NCUA chairman s report An end of an era. On December 31, 2013, William R. Hayes, who had been with the credit union since 1979 and the President
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 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 informationChairman s Report. Michael Kaiser Chairman of the Board
Chairman s Report Freedom is built on Relationships That Matter! So much so that we feel our relationships with our members, employees, volunteers, and partners in the community represent the core of who
More informationBuilding Value Through PARTNERSHIP
Building Value Through PARTNERSHIP ANNUAL REPORT 2014 CONT ENT S Our Mission 3 President s Report 4 Chair s Report 6 Treasurer s Report 8 Supervisory Committee Report 9 Statements of Financial Condition
More informationMeeting. of the membership. Serving members since May 26, 2016
Annual Meeting of the membership May 26, 2016 2016 Serving members since 1936 BOARD OF DIRECTORS REPORT As a Board, we are responsible for the strategic direction of the credit union, formulating policy,
More informationA NEW EXPERIENCE AWAITS 2017 ANNUAL REPORT BUILT LOCALLY. Federally Insured By NCUA
A NEW EXPERIENCE AWAITS 2017 ANNUAL REPORT BUILT LOCALLY Federally Insured By NCUA MISSION STATEMENT Our mission is to build lifelong financial partnerships with our union members and their families through
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 informationCOMMITTEE VOLUNTEERS BOARD OF DIRECTORS COMMITTEE VOLUNTEERS. A t l a n t i c F i n a n c i a l F e d e r a l C r e d i t U n i o n
ANNUAL 2016 REPORT BOARD OF DIRECTORS Michael H. Spencer, Chairman David Botzler, Vice Chairman Paul Henkelman, Secretary Melanie Rutkauskas, Treasurer David Reeve, Director Francis Reinhardt, Director
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 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 information2014 Annual Report SPERRY ASSOCIATES. Federal Credit Union
2014 Annual Report RELATIONSHIPS SPERRY ASSOCIATES Federal Credit Union VALUE Sperry Associates Federal Credit Union produced another sound year in 2014, achieving favorable financial results and demonstrating
More informationChair s Report. Judy Cartmell
Chair s Report During 2016 our 80th year - your credit union continued to be financially strong and committed to improving our member-owners overall financial well-being. We showed our commitment to member-owners
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 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 informationCommonWealth is the. One for you ANNUAL REPORT
CommonWealth is the One for you. 2016 ANNUAL REPORT ChairmanÕs Report Rupert J. Jennings, III, Chairman I am pleased to report that 2016 was an excellent one for CommonWealth One. We achieved improvements
More information2016 Highlights. Fully funded defined benefit pension plan
10 2016 HIGHLIGHTS 2016 FUNDED STATUS REPORT OPTRUST 2016 Highlights Fully funded defined benefit pension plan A+ Received A+ for our overarching approach to responsible investing from the PRI (Principles
More informationIowa Lakes Electric Cooperative 702 South 1st St. Estherville, IA 51334 1-800-225-4532 www.ilec.coop The Mission of Iowa Lakes Electric Cooperative is to be the leading utility provider of energy and technology
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 informationSince 1935, the mission of McGraw-Hill Federal Credit Union has never been clearer help more
2 0 1 7 A N N U A L R E P O R T 2017 PRESIDENT/CEO S MESSAGE A COMMITMENT TO TODAY, AN EYE TOWARD TOMORROW Since 1935, the mission of McGraw-Hill Federal Credit Union has never been clearer help more members
More informationMeeting Agenda. 50 th Annual Meeting. Saturday, February, 21, 2004
Meeting Agenda 50 th Annual Meeting Saturday, February, 21, 2004 1. Establish quorum 2. Pledge of Allegiance 3. Appoint Recording Secretary 4. Reading and approval or correction of minutes of the 2003
More informationtrust ommunity committed lifelong caring relationships enuine Advocate welcoming value Membership riendly counseling personal counseling passionate
2 0 1 4 a n n u a l r e p o r t passionate aring authentic relationships enuine personal ommunity committed riendly value trust reliable Our Members Define Us caring counseling counseling lifelong Membership
More informationAnnual Report. This credit union is federally insured by the National Credit Union Administration.
Annual Report 2011 This credit union is federally insured by the National Credit Union Administration. Chairman s Report Moses M. Spence Chairman of the Board It is my honor and pleasure to serve as Chairman
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 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 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 informationAnnual Report This credit union is federally insured by the National Credit Union Administration.
Annual Report 2012 This credit union is federally insured by the National Credit Union Administration. Chairman s Report Moses M. Spence Chairman of the Board In 1925, a small group of postal service employees
More information2011 Community & member Annual report
2011 Community & member Annual report President s Statement Eighteen Boeing workers made a commitment to help each other in 1935. They pooled their money and made affordable loans to each other when in
More informationA STRATEGIC PLAN FOR SUSTAINABILITY AND GROWTH 2016/17
A STRATEGIC PLAN FOR SUSTAINABILITY AND GROWTH 2016/17 STRATEGIC CONCEPT Dear colleagues and board members, HOUSING VISIONS WILL FOCUS ON THREE STRATEGIC DIRECTIONS OVER THE NEXT TWO YEARS. THEY ARE SUMMARIZED
More informationCONTENTS. 2 ON THE COVER: CoServ s safety mascot Mr. Diggs strengthens our community, one selfie at a time. Chairman / CEO Report.
2015 Annual Report 3 Chairman / CEO Report CONTENTS 7 Executive Team 4 CoServ Electric Year End 8 CoServ Charitable Foundation 5 CoServ Gas Year End 10 Electric Operations Financials 6 CoServ Electric
More informationBonita Springs branch, opened in ANNUAL REPORT LMCU.ORG
Bonita Springs branch, opened in 2015 2015 ANNUAL REPORT LMCU.ORG LETTER FROM OUR PRESIDENT AND BOARD CHAIR When Lloyd Hutt founded Grand Rapids Teachers Credit Union in 1933, it was only the 14th credit
More informationdear fellow shareholders,
2013 annual report dear fellow shareholders, 2013 was a landmark year for Umpqua Holdings. We celebrated Umpqua Bank s 60th anniversary and the investments and actions taken over the last few years delivered
More information2013 Annual Report. Growth. Seizing Opportunities. One Bank One Resource
Annual Report Growth. Seizing Opportunities. One Bank One Resource Our Growth Strategy Produces Results Again In we continued to build upon First Bank Financial Centre s (FBFC) long history of community
More informationNEW LOOK. Same Great Company.
NEW LOOK. Same Great Company. A Message from the Chairperson Aristotle Hutras Dear Credit Union Member/Owner: At Credit Union of Ohio, we stay true to the original mission of the credit union movement
More informationCOMMUNITY COMMITMENT PLAN Summary Report
2017 COMMUNITY COMMITMENT PLAN Summary Report 2017 COMMUNITY COMMITMENT PLAN Letter from the President & Chief Executive Officer Philip B. Flynn President & Chief Executive Officer Throughout our history,
More informationMAINE COMMUNITY BANCORP 2017 ANNUAL REPORT
MAINE COMMUNITY BANCORP 2017 ANNUAL REPORT OUR VISION To be the bank of choice that deepens relationships with our customers, employees and communities. LETTER FROM OUR CHAIRMEN 2017 was the first full
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 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 informationWelcome & Call to Order Approval of Minutes CEO/President s Report Supervisory Committee Report. Treasurer s Report Board Elections Adjournment
Welcome & Call to Order Approval of Minutes CEO/President s Report Supervisory Committee Report Treasurer s Report Board Elections Adjournment Annual meeting opened at 4:32 with 18 members present. Minutes
More informationANNUAL REPORT. Federally insured by NCUA
20 16 ANNUAL REPORT Federally insured by NCUA A WORD FROM THE PRESIDENT Thanks to our amazing members and dedicated staff, AFCU has achieved its best year in the 60-year history of the credit union based
More information40th Annual Meeting. April 12, 2017
40th Annual Meeting April 12, 2017 Chairwoman s Report 2016: Oh, what a year it was! Our focus in the first half of the year was on completing our renaming, rebranding process and reintroducing ourselves
More informationOur purpose. Premera is dedicated to making healthcare work better.
Press kit About Premera Premera Blue Cross is a not-for-profit Blue Cross Blue Shield licensed health plan provider. Premera sells health plans under the Blue Cross license in Washington state, except
More informationA Letter to Our Stockholders
2015 Annual Report A Letter to Our Stockholders Coastway s Board of Directors believes that the key to maintaining our independence is rooted in our ability to grow and remain relevant to our customers,
More informationYour Dream. Our Purpose.
2013 Annual Report Your Dream. Our Purpose. Your Dream. Our Purpose. Chairman/CEO s Report 3 Statement of Income 6 Supervisory Committee Report 4 Volunteers and Executive Staff 7 Treasurer s Report 4
More informationWestern Federal Credit Union 2015 ANNUAL REPORT. This credit union is federally insured by the National Credit Union Administration.
Western Federal Credit Union 2015 ANNUAL REPORT This credit union is federally insured by the National Credit Union Administration. SUPERVISORY COMMITTEE REPORT FOR THE 2015 ANNUAL REPORT The Supervisory
More informationTM 2017 Annual Report
2017 Annual Report TM Message to Members Strong growth continued for your Credit Union in 2017. Many of the goals that we had set for ourselves were surpassed early in the year, allowing us to remain at
More informationANNUAL REPORT The big impact of small things. Federally Insured by NCUA
ANNUAL REPORT The big impact of small things Federally Insured by NCUA ALLIANT 2018 ANNUAL REPORT Contents 03 04 Message from the Chairperson and President» Better rates, better products, better results»
More informationSecure Login Codes in ebanking
Spring 2018 COMING SOON: Secure Login Codes in ebanking At cport, our members information security is our highest priority. To enhance the security of ebanking for our members, we are launching Secure
More information7 ANNUAL 01 2 REPORT
2017 ANNUAL REPORT ANNUAL REPORT 2017 TABLE OF CONTENTS 2 3 4 5 6 Mission and Vision Statements Report from the Board Chair, President and CEO Bullfrog Power Initiative IPSOS Best Banking Awards Report
More informationREPORT. Home Ownership. We Exist to Strengthen Families Through Home Ownership. We Exist to. Strengthen A N NFamilies U A L Through Home Ownership.
We Exist to Strengthen Families Through Home Ownership. We Exist to Strengthen We Exist to Strengthen Families Through Home Ownership. We Exist to Strengthen Families Through Home Ownership. We Exist to
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 informationNEIGHBORHOOD CREDIT UNION 89TH ANNUAL MEMBER MEETING AGENDA
NEIGHBORHOOD CREDIT UNION 89TH ANNUAL MEMBER MEETING AGENDA I. Welcoming Remarks II. III. IV. Meeting Call to Order Appointment of Parliamentarian and Recording Secretary Introduction of Head Table V.
More informationOregon Mutual 2017 Annual Report
Oregon Mutual 2017 Annual Report President s Message (As I delivered to the members at the annual meeting March 6, 2018) Dear Members, I appreciate the opportunity to discuss the results of our collective
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 informationoxfordbank.com 2015 annual report improvement. progress. growth. Delivering value. For life.
oxfordbank.com 2015 annual report improvement. progress. growth. Delivering value. For life. officers & directors Officers David Lamb President & CEO Matthew Ankley VP, Business Banking Richard Campbell
More informationPromoters: who are loyal, enthusiastic fans; Detractors: who are unhappy; or
People s Choice has performed well in a challenging environment, delivering strong results while laying the foundations to ensure long-term sustainability for our A collective focus on better understanding
More informationCHAIRMAN S REPORT. In every way, you embody the heart and soul of what Freedom Federal Credit Union is and stands for.
OU ARE CHAIRMAN S REPORT In every way, you embody the heart and soul of what Freedom Federal Credit Union is and stands for. YOU are Freedom. This is a belief that we adhere closely to every day within
More informationReliant Community Credit Union
2 0 1 2 ANNUAL REPORT www.reliantcu.com 10 Benton Place, PO Box 40, Sodus, NY 14551 800-724-9282 Brockport Canandaigua Geneva Henrietta Irondequoit Macedon Newark Sodus Webster This credit union is federally
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 informationRoy Geiselhart, Chairman
Following the 2014 SRP Federal Credit Union meeting I was elected by the Board of Directors to the position of Chair. For the past 16 years I have served on the Board and during most of that time held
More informationCredit Union 1. Annual Report 2010
Credit Union 1 Annual Report 2010 In Memory of Nancy Roman September 30, 1939 - September 9, 2010 Credit Union 1 remembers former Director of Human Resources Nancy Roman From 1987-2007, Nancy touched the
More informationIMPACT REPORT. Federally insured by NCUA.
IMPACT REPORT 2 0 1 8 Federally insured by NCUA. OUR STORY We are a not-for-profit, member-owned financial cooperative benefiting all who belong. Established on August 6, 1948, each of our ten founding
More informationDEDICATED TO SERVING OUR MEMBERS SINCE OUR INCEPTION
2018 ANNUAL REPORT 2018 ANNUAL REPORT 1 DEDICATED TO SERVING OUR MEMBERS SINCE OUR INCEPTION Over 71 years ago, the employees of the World Bank and the International Monetary Fund came together to find
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 informationJeff Rose President and CEO
Jeff Rose President and CEO A Look Back at 2014 I would like to take this opportunity to thank you for being a member of Community 1 st Credit Union. I joined C1 st in November as the President and CEO.
More information2015 ANNUAL REPORT. Northeastern University Federal Credit Union
2015 ANNUAL REPORT Northeastern University Federal Credit Union DIRECTORS, COMMITTEES AND OFFICERS FOR 2015 Directors Elected by the Credit Union members at the Annual Meeting for three-year terms 2016
More information20 ANNU 17 AL REPORT
2017 ANNUAL REPORT 2017 Year-End Review Letter To Our Members Being a member-owned electric cooperative, we strive for noticeably superior member services. This is not only one of our strategic goals,
More informationAnnual Review General Manager s Report
Annual Review 2016-17 General Manager s Report As the new General Manager of UniBank, and having worked in financial services for many years in banking, funds management, superannuation and health insurance
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 informationAnnual Report. The Journey Continues
2015 Annual Report The Journey Continues Report of the Chair and CEO Dear valued members of University Credit Union, Welcome to University Credit Union! We are truly honored to be leading this great organization
More information2016 TOWER FEDERAL CREDIT UNION ANNUAL REPORT. Federally insured by NCUA.
2016 TOWER FEDERAL CREDIT UNION ANNUAL REPORT Federally insured by NCUA. Board of s Marie E. Rowland Chair Arland A. White Jr. Vice Chair Monte S. Dzurenko Treasurer Alan P. Smith Secretary R. Allen Brisentine
More information2018 Third Quarter Report
S i n c e 1 9 1 9. Just like those farmers in 1919 who envisioned an insurance company that could meet their needs better than any existing insurance carrier, we look to the future of our company and make
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 information2017 ANNUAL REPORT IDAHO CENTRAL CREDIT UNION
2017 ANNUAL REPORT IDAHO CENTRAL CREDIT UNION Board Chair and CEO Message Our mission of Helping members achieve financial success continues to be the driver of another successful year. Our teams believe
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 informationInvesting in our communities
Investing in our communities Charles Schwab Bank is committed to investing in the communities in which we work and live, and to helping people take ownership of their financial futures. Our commitment
More informationANSWERING THE WHY WORKING TOGETHER. BUILDING COMMUNITY. ANNUAL REPORT
ANSWERING THE WHY WORKING TOGETHER. BUILDING COMMUNITY. 2015 ANNUAL REPORT A LETTER FROM THE PRESIDENT Your Why : The purpose, cause or belief that inspires you to do what you do. NCB s Why : Our belief
More information2017 ANNUAL MEETING. Central Middle School th Street. Tuesday, February 28, :30 p.m.
2017 ANNUAL MEETING Central Middle School 200 17 th Street Tuesday, February 28, 2017 5:30 p.m. VISION STATEMENT The community s first choice today and tomorrow MISSION STATEMENT MCT has a passion for
More informationProviding Financial Advantages Financial Condition Reporting of Advia Credit Union
Providing Financial Advantages 2017 Financial Condition Reporting of Advia Credit Union Message from our Board Chair, Marty Doorn Being a volunteer Board Member for Advia Credit Union comes both with a
More informationWe value Trust. Community... it keeps people here
2015 ANNUAL REVIEW Community... it keeps people here The landscape sculpted by rivers and punctuated by mountains has drawn people to Revelstoke from all corners of the world. Whether the initial purpose
More information109,545 members strong.
2016 ANNUAL REPORT We continued our commitment to serve you. Team IHMVCU is 109,545 members strong. We re happy to welcome the 15,177 new members who joined in 2016. You were enterprising. We were supportive.
More informationIdentifying Opportunities. Aligning Resources. Community Commitment Plan Summary Report. Measuring Outcomes. Advancing What Works
Identifying Opportunities 2016 Community Commitment Plan Summary Report Aligning Resources Measuring Outcomes Advancing What Works 2016 Community Commitment Highlights Helping to ensure the well-being
More informationPartnership with a Purpose
Connect, Grow, Lead Partnership with a Purpose Retail Hot Prospect Campaign Brag About your Career Table of Contents 1 THE NEW PENN FINANCIAL STORY 2 LEADING BY EXAMPLE 3 SHELLPOINT FAMILY OF COMPANIES
More informationANNUAL REPORT. Federally insured by NCUA.
ANNUAL REPORT 2017 Federally insured by NCUA. REPORT OF THE CHAIR & PRESIDENT 2017 was another successful year for both Advantis Credit Union and our members. As a not-for-profit financial cooperative,
More informationCelebrating our 30th Anniversary in 2017
Celebrating our 30th Anniversary in 2017 Putting people before profit Foreword Foreword From small beginnings 30 years ago, Leeds Credit Union has become a pioneer in its field. This briefing summarises
More informationLOOKING AHEAD... B 2012 Annual Report
Dear Members, This year marks an important milestone at Randolph Electric Membership Corporation. As we celebrate our 75th Anniversary, it s a good time to reflect with pride in our past and progress in
More informationMission. Values. As stakeholders in the ongoing success of the Los Angeles Police Federal Credit Union, we value:
Mission To enhance the quality of life for the Los Angeles Police family by serving as a trusted partner providing rewarding financial solutions through exceptional service Values As stakeholders in the
More informationIDAHO S FIRST CREDIT UNION SERVING MEMBERS SINCE 1935
444 OCTOBER-DECEMBER 2018 Inside this Issue: International Credit Union Day Board of Directors Nominees Skip-a-Pay Offer $1001 Ways to Pay for Xmas! Calendar of Events IDAHO S FIRST CREDIT UNION SERVING
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 informationPromise. TC95558(0517)1 Cat No 63432(0517)
Promise TC95558(0517)1 Cat No 63432(0517) Our promise is our product We don t make widgets or cars or computers. We make promises. Our job since the chartering of National Life Insurance Company in 1848
More informationenhancing lives annual report 2010 enhancing your life sm
enhancing lives Y esterday. To day. To m o rrow. annual report 2010 enhancing your life sm Yesterday. Today. Tomorrow. Message From The President and CEO Marc Schaefer Our mission dictates that our success
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 informationFHA Loans. First mortgage loans. Jumbo mortgage loans. Non-warrantable Condo Projects
FHA Loans Looking to buy a home or refinance with a low down payment? A loan backed by the Federal Housing Administration (FHA) may be the answer. At Northstar Funding, we understand the challenges facing
More informationGuild Mortgage: Culture of Customer Service, Entrepreneurship At Heart of Independent Mortgage Lender s Growth
May 2018 Guild Mortgage: Culture of Customer Service, Entrepreneurship At Heart of Independent Mortgage Lender s Growth Advanced Technology, Wide Range of Products, Experienced Leadership and Smart Acquisitions
More informationAnnual Report Murrumbeena Community Financial Services Limited ABN Murrumbeena Community Bank Branch
Annual Report 2016 Murrumbeena Community Financial Services Limited ABN 47 104 667 361 Murrumbeena Community Bank Branch Contents Chairman s report Manager s report Director s report Autitor s independence
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 informationDISCLAIMERS PROPOSED SPEAKERS. Strategies for Successful Succession Planning
Strategies for Successful Succession Planning March 29, 2012 1 DISCLAIMERS The material appearing in this presentation is for informational purposes only and is not legal, accounting or investment advice.
More informationMessage from Your Chairperson
2016 Annual Report Message from Your Chairperson 2016 was our first full year of being a community-chartered credit union. In late 2015, we converted our federal public service employees charter to a community
More informationA country s greatest investment lies in building generations of educated and knowledgeable youth.
A country s greatest investment lies in building generations of educated and knowledgeable youth. The Late Sheikh Zayed Bin Sultan Al Nahyan, Founder and First President of the United Arab Emirates Weyakum
More informationAs our clients and community succeed, our success will be achieved. Citizens National Bank Mission Statement
213 Annual report It is the mission of the Employees and Directors of Citizens National Bank, N.A. to provide the Business Community and Individuals with high value financial services. As our clients and
More information