Letter from President
Dear Members,
In a tough financial environment, the credit union has made great strides over the last year. Careful review of the credit union loan performance and our utilization of new risk assessment tools have better defined our position in one of the stormiest financial crisis seen across the nation. Under careful scrutiny and with some constructive criticism by the federal agency governing us, your credit union has made progress towards meeting and in many cases exceeding the standards set for us. I recall one professional advisor stating some of our progress, "may be the most dramatic they have ever seen." and I personally look forward to assisting the credit union by continued participation as a credit union board member.
Additionally, the federal agencies have taken a much more conservative approach to credit union lending and recently required all credit union board members to obtain specific financial training and testing. Each of your board members will have completed the requirements by July 2011. While many of us would like to see a more resilient economy, careful planning and conservative measures can be balanced with member services at Newrizons Credit Union.
If it has been a while since you stopped by the credit union to discuss the services provided to you; then do it now. While optimists look to our improving local economy and new jobs on the near horizon, the more conservative members seem to have their sights further out. Use the financial tools provided by Newrizons to set your sights on short and long term goals. Use our new mobile online access and financial planning tools free of charge. Financially healthy members make our credit union stronger.
Ben Winkelman,
President, Board of Directors
Where Members Matter Most Newrizons Federal Credit Union Serving Grays Harbor County since 1965
