Money Matters

Your Credit Union Newsletter

Message From Our CFO


I am pleased to report, as we head into the last quarter of this year, that your Credit Union continues to be a strong banking partner for our members, is well-positioned for the future, and committed to helping support members in need.  

Your Credit Union has $1.2 billion in assets and over $129 million in gross capital, which translates to a healthy 10.4% capital ratio (means an adequate cushion of cash to protect against future risks). We are also projecting net income of over $2 million for 2020—after deducting costs associated with providing financial relief and support to members. These numbers prove that we are a well-capitalized Credit Union by any measure, and successfully navigating our bottom line through this economic downturn.

The Credit Union continues to monitor the impact of COVID-19 on the economy, membership, and our financials. The pandemic, without doubt, continues to materially impact our economy. But, I want to give you peace of mind that the Credit Union continues to be financially strong and is here to serve your financial needs as they relate to both savings and borrowing.  

As an example of our capacity to serve members’ needs with excellence, the Credit Union has booked almost $24 million in Paycheck Protection Program loans and over $13 million in Farmers Relief Loans to our agent members in 2020. We also continue to serve our savers well, as we have grown member deposits by $142 million this year alone. And, rest assured our deposits are federally insured by the National Credit Union Administration (NCUA) for up to $250,000 per member.  

Our strong financial position allows us to leverage this strength for the benefit of all our members. We continue to keep our deposit and loan rates competitive across the board. Whereas members might see other institutions tighten credit and limit their willingness to make loans, we are committed to not changing our underwriting and helping as many members as possible, especially now. We also continue to offer similar loan products as the big banks but with better loan rates. We have even been able to make significant cuts to some key loan rates, including Home Equity Lines of Credit, and Auto Loans. Feel free to check out our various consumer loans and agency loan products on our website. If you have a borrowing need, please call your Credit Union. We are here to serve you.

The Credit Union is committed to supporting members that have been impacted by COVID-19. If you or your family needs financial support, we have a number of resources at your disposal and are ready and waiting to help. Please call us, chat with us online or go to We will handle each request personally, on a case-by-case basis, and will do everything we can to provide solutions that work for you. 

We take great pride in our financial position, and we will continue to leverage this to the fullest extent to support our members during these turbulent times.

Thank you for being a member of our Credit Union family.

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