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Charles Morris
Scott Rains
Chairman of the
Board
CEO
Message from the Chairman
I am pleased to report that Eagle Community Credit Union experienced an increase of $2.3M in deposits and
$3.4M growth in Total Assets in 2015. The modest growth coupled with a net income of $1.5M raised the credit
union’s Net Worth ratio to 8.37%. Your Credit Union remains financially viable and “Well Capitalized”. Most
encouraging is that 2015 marks our third consecutive year of loan growth!
Much was accomplished in 2015. Of particular note we:
• Added Identity Theft Services to our Ultimate Checking account.
• Installed a new VoIP telephone system allowing for more efficient operations and ease of member use.
• Improved the credit union loan preapproval process and ability to reach more members.
• Continued the process of upgrading the credit union's computer systems improving performance and
increasing efficiency.
Looking forward to 2016, we will continue our efforts to enhance the value of your Membership. To this end, we
have two exciting and important initiatives underway:
•
EMV:
All new credit cards are being issued with the chip technology and the debit cards are scheduled to
begin production in the 2
nd
quarter of 2016. We would like to have 100% of the outstanding debit cards
reissued before year end.
•
CoreIQ:
Internally the credit union is upgrading member service software that will better enable our staff to
recognize and recommend products and services that meet our members' needs and lifestyles.