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Members Newsline
Letter from the President

Bucking the trends:
2009 in review

Paul ElkinsThe year of 2009 has been a year where we have seen dramatic fluctuations in everything from the price of gasoline, milk, mortgage rates, bailout amounts, the stock market, and even the value of your 401K plan. The unemployment numbers show that a record number of Americans have either lost their job, or have now become defined within a new category called "the under-employed". The confidence of the American people has been shaken this past year by things that we all have previously depended on in times of need.

I am proud to report that despite the unpredictable economic climate, the roller coaster changes of the stock market, the massive "government bailouts" that we see on the evening news, investigations of wrong-doing by companies and individuals, and the regulatory challenges that we as a Credit Union face, Members Credit Union continues to remain a safe, sound, and secure place for you to entrust all of your financial needs.

During this past year, Members Credit Union has experienced tremendous growth, while maintaining the strong financial position that affords us the opportunity to serve you. Due to the dramatic devaluations that Americans experienced on Wall Street, many of our members chose to revert to the safety of local institutions on Main Street, so that they could have better access, control, and direction of their finances. As a result, Members Credit Union has grown almost $10 Million in assets this past year. As we anticipate the year of 2010 approaching, we will begin that journey with our assets pushing over the $50 million mark for the first time in our 55 year history.

We attribute our success this past year to a dedicated staff that brings a combined 150 years of experience in the financial services industry into our Credit Union. Our Board of Directors has established a conservative and fiscally sound decision-making mentality for our Credit Union and is always looking for ways to bring more value to our members.

I want to say "Thank You" for your support of our Credit Union, and I assure you that we look forward to the challenges that the New Year will bring to us.

Paul T. Elkins

President / CEO

 

Newsline Home
January 2010

Upcoming Annual Meeting

The MCU Annual Meeting will be held in March 2010. The exact time and location will be announced once secured. This year's event promises to be an exciting time with refreshments, a short business meeting and (the real reason everyone comes) lots of door-prizes! Watch our website for the date and time.

The Board of Directors has selected the following persons to serve as the Nominating Committee, for consideration of all qualified applicants for a position on the Board of Directors. The members are as follows: Cecil May, Cleve Weyenberg and Greg Wilmore. If you would be interested in serving on the MCU Board of Directors please contact one of the Nominating Comittee members.

Past issues of
Members Newsline

October 2009

July 2009

April 2009

January 2009

October 2008

July 2008

April 2008

January 2008

October 2007

July 2007

March 2007

October 2006

May 2006

November 2005

The following are in PDF form, and require Adobe Reader, available here.

July 2005

April 2005

January 2005

October 2004

July 2004