March 2017 President’s Message
“We are very pleased to have received a 4-star Financial Excellence Rating for our Financial Strength by Bauer Finacial, Inc.. Receiving this award shows that we are centered on our member/owners and the communities we serve.”
Let me explain what and how we received this rating of 4-Stars for financial strength by Bauer Financial, Inc., the nation’s leading bank and credit union rating firm. (Bauer Financial rates all banks and credit unions on a zero-to-five star scale with 5-stars being the strongest.) 4-Stars is an “Excellent” rating and indicates, among other things, that this institution has well over the capital that regulators require, is profitable (or operating with a small loss) and has kept its delinquent loans in check.
As we move into our 80th year of doing business our core purpose is to improve the financial-well being of our member/owners. Our annual meeting is just one example of how we can do this. Our boards and senior management team are available for questions at the end of the event or anytime. Please join us, Thursday, April 27th for the 80th Annual Meeting. We have a new venue this year; we will be hosting this event at the Mountain Iron Community Center.
As you may have noticed we have been quite busy updating and improving many things around VCCU. We believe you deserve the best options in serving your needs, so we have been working very hard to deliver that best.
Anyone who knows me knows that I am a positive person by nature. So of course I am very excited about the changes we have made and are making at VCCU. As we strive to offer you the best in terms of member experience, products, services, and member value. VCCU will continue to improve and adapt in this ever-changing world.
Thank you for membership and ownership in VCCU.