4th Quarter 2019 Message

January 1, 2020 Dear Members: On behalf of the Utilities Credit Union staff and Board of Directors, I hope your Christmas was joyful and your New Year is filled with happiness and prosperity. 2019 was a successful year for your UCU, and you. With the general economic conditions and financial indices setting all time records, [...]

3rd Quarter 2019 Message

October 1, 2019 Dear Members: We hear it a lot in advertisements; “save more and spend less.” Well, now UCU can make that claim. In September the Federal Reserve board voted to reduce the Prime interest rate by 0.25%, effective October 1st. That means those with Kwik Cash loans and/or Home Equity Lines of Credit [...]

2nd Quarter 2019 Message

Dear Members: July 1, 2019 One year ago I reported in my Chairman’s letter that the U.S. economy was booming; unemployment was at the lowest level in a century, job creation flourished, small business optimism was at a record level and wages rose perceptibly. Not much has changed in a year. In addition to those [...]

1st Quarter 2019 Message

April 1, 2019

Dear Member: Through the 1st quarter of 2019, we continue to see a robust economy and an environment of rising interest rates. Of course, with rising loan interest rates come increased dividend rates on our share saving accounts. In fact, for two quarters in a row, your Board of Directors has increased [...]

4th Quarter 2018 Message

January 1, 2019 Dear Members: On behalf of the Utilities Credit Union staff and Board of Directors, I hope your Christmas was joyful and your New Year is filled with happiness and prosperity. 2018 was a successful year for your UCU, and you. With the general economic conditions improving, twice this year the Board of [...]

3rd Quarter 2018 Message

October 1, 2018 Dear Members: The U.S. economy continues to boom; the unemployment rate currently stands at 3.9 percent, near a 50-year low, and core inflation is right around 2 percent. These two numbers are part of a very good economy that boasts a remarkably positive outlook from financial forecasters. In order to keep inflation [...]

2nd Quarter 2018 Message

July 1, 2018 Dear Members: As we’ve been hearing in the news lately, the U.S. economy is booming: Unemployment is at the lowest level of the century, job creation continues, small business optimism is at record levels, and wages are rising. But along with the economic successes comes the need to mitigate the negative effect [...]

1st Quarter 2018 Message

April 1, 2018 Dear Members: With the close of 2017, a year which will go down in history as a highly unusual sustained bull market, a wide range of economists and research firms all predict that trend to continue in 2018. In fact, through the 1st quarter of 2018, corporate earnings continue to be strong, [...]

4th Quarter 2017 Message

January 2, 2018

Dear Member,

On behalf of the Utilities Credit Union staff and Board of Directors, I hope your Christmas was joyful and your New Year is filled with happiness and prosperity.

2017 was a successful year for your UCU, and you. Through November, the credit union membership stands at 997 members of which [...]

3rd Quarter 2017 Message

October 1, 2017 Dear Member,

At the September 13th monthly Board meeting, Directors voted to pay quarterly dividends for the 3rd quarter at the prospective rate established the previous quarter, reflecting the increases that are being seen in the rising financial market rates. Additionally, the Board set the prospective rate for the 4th quarter slightly [...]