1st Quarter 2017 Message

April 3, 2017

 

Dear Member:

 

Another year has gone by and another Annual Meeting is history. Your Utilities Credit Union held the 84th version of the meeting that was first held in 1933.  Approximately 35 members joined us at Sky Park on Thursday, February 23rd.  Last year, 2016, was another year of moderately heavy loan demand at just over $1.738 million.  Our loan losses were low by industry standards, but a bit higher than we normally have seen over the history of the credit union.   President/Treasurer, Dave Amans walked us through the financials including a year-end reduction of $369,000 in assets, caused largely by shares withdrawals of older members.

 

We introduced the Board of Directors, staff and our important Examination and Credit committees and thanked them for their help during the year. Four of your current Directors were running for re-election:  John Ness, Theresa Theisen, Tom Bachmeier and Kelsey Hendrickson.   All 4 were elected by unanimous voice vote.  Members enjoyed some Pizza Hut pizza, and other refreshments while we drew for door prizes.  Most everyone went home with cash or a nice gift.  Thank you to all of you who were able to join us.

 

I informed the membership in attendance, that because of my planned retirement from the Company at the end of the year, I was stepping down as Chairman. In addition to thanking the membership at the meeting I would like to thank the balance of our membership in this letter and offer a big thank you to the Board of Directors for allowing me to serve the past 6 years as Chairman and for 16 years on the Board. I would also like to thank our excellent staff of Dave, Heidi, Carol and Ryan for making my job so enjoyable.

 

After the Annual Meeting the new Board met to hold officer elections and complete other related business. John Ness was elected as Chairman (his second stint as Chairman).  Our current Vice Chairman, Jesse Anderson was re-elected.  Becky McIlhargey was elected Secretary and Dave Amans as President/Treasurer.

 

Your Board of Directors spent the morning of Saturday March 25th, talking about how to better understand the workings of your credit union and how to bring new products or services to you.  Please remember to thank them the next time you see them.

 

Reminder, to contact the office call 715-737-2467, send an email to myucu@att.net, check the web site at myucu.org or better yet, stop in!  The Utilities Credit Union is owned by the membership so please use it!

 

Sincerely,

Scott J. Seaholm

Past UCU Board Chairman

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