State of the Union by CEO, Richard Witherspoon

2023-24 is proved to be a good year for your credit union. We have opened 221 new accounts so far and have disbursed 116 loans totaling $1,401,368.73 in the past 9 months.

Total assets have grown over 15 million dollars for the first time in our history which is considerable when you take in consideration today’s economy. Our delinquent loan rate is relatively high for the same reason. All in all, though, your credit union is not only surviving but it is thriving thanks to the membership that is adamant about the success of its credit union. Going forward, we anticipate significant changes that will make the services and longevity of the credit union even better. Our renovation of our building is complete!

We can now give the membership more lobby space and more teller stations. In the first quarter of 2025, we hope to roll out a mortgage program to help this community build wealth through home ownership. And also be self-sufficient for generations to come.

The future looks bright for your credit union and we sincerely hope that you will continue to support us as we continue to fulfill our mission in the community which serving the underserved with affordable financial services.

Spread the word! We have room for all who wants to join!

Richard Witherspoon

Treasurer/CEO