MESSAGE FROM
THE PRESIDENT

I recall my first Credit Union experience, or what we commonly refer to as the CUe. For most people their introduction to Credit Unions is either through their place of work or a family member. In my case it was through my dad. It was in the 1960’s; I don’t remember my exact age at the time, but it was common practice to report your age in years and months in reply to, “How old are you, young man?” I was impressionable to say the least.

My dad, as a member of a labor union, would attend union meetings. The meetings were typically held on a Saturday and, with wide-eyed anticipation, my brother and I would tag along. It was not the thrill of attending a labor union meeting that motivated us to forsake an afternoon of playing with friends to hang with Dad. Those meetings, for the most part, were a non-event but a necessary pittance of our time for the experience that was to follow – a trip to the Credit Union where my dad would get cash for an afternoon of fast-food treats and ice cream sundaes. Aside from the cash for our excursion, the Credit Union was a happy place to visit. The people there were pleasant, greeted you with a smile, knew everyone by name and, at the top of list, always complimented that my brother and I were “such fine young men.” That Credit Union experience set the stage for the father and son bonding that I will always cherish.

So what is the CUe? It is personal, unique, and special to each and every member. It’s the comfort and ease of getting an auto loan for your dream car, financing your first home, taking advantage of the equity in your home to meet the unexpected challenges in life, securing a personal loan for a well deserved vacation, or simply accessing your cash for an afternoon outing. Our goal at AFCU is to be here when you need us and to make sure that your CUe is rewarding and memorable today and for years to come.

Fast-forward to today and I’m happy to report that Credit Unions have seen considerable change. Products and services, and delivery channels continue to advance to meet the financial service needs of members. But the industry foundation of “People Helping People” and the AFCU member service standard of “doing business with people that you know and trust” remain core values in making the CUe at AFCU financially rewarding for you and your family. We thank you for your business and appreciate the opportunity to serve you.

Marvin L. Thomas
President/CEO


REPORT OF THE
SUPERVISORY COMMITTEE

The Federal Credit Union Act requires the Supervisory Committee to make or cause to be made a comprehensive annual audit of the books and affairs of the Credit Union.

The Supervisory Committee has retained a professional accounting firm, which specializes in auditing Credit Unions, to conduct an independent audit of the Credit Union’s financial statements. The audited financial statements are available for review at the main office of the Credit Union.

Ray F. Johnson
Chair, Supervisory Committee

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