4th Quarter 2014 Message

January 1, 2015 Dear Member:

We hope you had an enjoyable Christmas season with family and friends and we would like to wish all of you a Healthy and Prosperous NEW YEAR!

As I mentioned in my last quarterly letter, we were going to be losing one of our long time employees, Laurie Lindsay.  That [...]

3rd Quarter 2014 Message

We found out recently that we will be losing one of our long time employees, Laurie Lindsay.  Laurie’s husband has accepted a new position in Fort Meyers, Florida.  We asked Laurie if she was willing to commute until we find a replacement, but she said the tolls would be a killer. Laurie came to us [...]

2nd Quarter 2014 Message

July 1, 2014

Dear Member:

At the June meeting, your Board of Directors voted to pay the prospective share rates for the second quarter.  Those rates were unchanged from the first quarter’s rates (please see other side of this sheet) and were also voted to be the third quarter’s prospective rates. We continue to see [...]

1st Quarter 2014 Message

April 1, 2014

Dear Member:

In the first quarter of the new year, your Utilities Credit Union held its 81st Annual Meeting.  The meeting was held on Thursday February 27th at Sky Park in the new Bays 1 & 2.  It was a wonderful venue and well attended by approximately 45 people.  During the meeting [...]

4th Quarter 2013 Message

January 1, 2014 Dear Member:

We hope everyone had a wonderful Christmas and we wish you all a Happy New Year!

The 4th quarter of the year had a number of events that your credit union participated in, including the Knowledge Fair in October.  The credit union staff and most of your board of directors [...]

2nd Quarter 2013 Message

July 1, 2013

Dear Member, When in the course of human events it becomes necessary to Declare Independence from low investment rates, that time would be now.  Your Board of Directors voted to pay the prospective rates for the second quarter ending June 30th.  The Board also voted to adjust the prospective rates for the [...]

1st Quarter 2013 Message

Dear Member:

It wasn’t the prettiest Annual Meeting we’ve ever held, but it was fun.  That was the consensus of the Board of Directors while giving their feed back after the 80th Annual Meeting of the Utilities Credit Union held Thursday, February 28th.

We had 32 voting members in attendance and just after the quorum [...]

4th Quarter 2012 Message

Another year has come to an end for your Utilities Credit Union.  2012 was a good year for earnings and loan growth even in a very difficult investment market. We ended the year with a record of $2,282,698.32 in loan volume.  Our staff did a wonderful job of handling the high loan demand as well [...]

3rd Quarter 2012 Message

Dear Member,

We had a good quarter and were able hold our rates to the prospective rates we posted last quarter.  Please see the specific rates at myucu.org.  We also paid our annual impairment assessment with funds that had accrued during the first 9 months of the year.  Next year we expect the assessment to [...]

2nd Quarter 2012 Message

Dear Member, I look forward to the end of a quarter when I can write a letter that says ”your savings rate has increased”, unfortunately this is not that quarter. At the June Board meeting your Directors had a candid discussion about where to set rates; the verdict of that discussion in a moment.  First, [...]