Annual Report

2024 Performance

We are pleased to report that your Credit Union navigated safely through a challenging year —and by year’s end we were well positioned for future growth. 

The year concluded with a modest loss in net profit – a function of larger than anticipated loan losses. These were attributable to significant agency loan write-downs and defaults due to adverse events that impacted the insurance industry.

In the face of these challenges, however, we continued to offer great value and service, returning significantly higher-than-average earnings for members’ deposits, and also highly competitive loan rates. We also—importantly—ended the year with a large asset base and robust net worth—both of which attest to our financial stability and our capacity to support our members with excellence and value in 2025 and beyond. 

Check out this Q&A session with our CEO Mirella Reznic where she discusses her vision for the Credit Union.

Leadership Board of Directors 2024 Financial Report Annual Report Archives