Board Member John Anderson Celebrates 50 Years of Service to First U.S.
1968 was a good year. A gallon of gas cost $0.34. A dozen eggs cost $0.53. "Hey Jude" was playing on the radio. And John Anderson joined the Credit Union as a Board Member.
At our 82nd Annual Meeting in February, we presented John with a "Spirit of Service" award in recognition of his 50th Anniversary as a volunteer Board Member. Congratulations John.
Board Chair, Brian Doyle introduced John, and First U.S. CEO, Carol Hauck presented the award. In her comments, she talked about how his volunteerism has touched so many people, even more than the members and employees of First U.S. As an active volunteer with his church and with the non-profit Women's Civic Improvement Club, John has embodied the true spirit of volunteerism.
"John has been such an advocate for our members during his 50 years as a Director of the credit union," said Carol. "And his commitment to the communities we serve has strengthened even as First U.S. has grown during his tenure."
John first volunteered to serve on the First U.S. Board of Directors when the credit union had assets of less than $4 million, and served select federal employee groups like the Army Corps of Engineers and Bureau of Reclamation in Sacramento. In fact, First U.S. was then known as Sacramento U.S. Employees Federal Credit Union. A long-time federal employee himself, John retired from the Western Area Power Administration.
"What first intrigued me about the Credit Union, was the concept of 'people helping people'," added John, referring to a founding philosophy of credit unions nationwide. "It's that concept that proved to be very significant in making a difference in the financial lives of those we have served, and allowed us to help people finance their dreams."
Thank you John, and congratulations on a milestone 50 years of service to the member-owners of First U.S.
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Message to the Membership
We're pleased to report that 2017 was an excellent year for First U.S. and our membership. We remain in a strong financial position, are well capitalized, and we continue to be a preferred alternative to big banks. For over 80 years, as a not-for-profit financial institution, we've been dedicated to bringing you more value that will enhance your life.
In 2017, we welcomed 2,800 new members, consumers and businesses. We made 3,200 member loans that totaled over $74 million, doubling the number of vehicle loans made in 2016. Through lower rates, we saved members thousands on loans of all kinds, making life more affordable. We established over 1,890 new checking relationships and saved members thousands in fees. Although savings rates remain low, we offer some of the best rates available, particularly on Certificate Specials and Metal Money Markets.
Important 2017 projects included phase I of our website update, improved mobile banking and enhanced cybersecurity, making transactions more convenient and secure. An important part of our mobile banking app is the ability to do business conveniently from any device. This year we successfully rolled out Apple Pay, Android Pay and Samsung Pay to further expand convenience and provide you with more access to your money. Whether visiting a branch, logging on to Home Banking, calling our Phone Center or using our Mobile Banking app, we're here for you and dedicated to making it easy for you to do business with us. We also developed new abilities to instantly pre-approve you for more types of loans and expand point-of-sale approvals. Not only can you get approved at the dealer for cars and trucks, but now, you can also buy and finance RVs, boats and motorcycles on the spot.
In 2018, we continue to put you first. We're ready to roll out VA Mortgage Loans, and we expect to deploy a new Person-To-Person (P2P) capability via our mobile app. Managing your First U.S. VISA will be even easier with enhanced card controls through our mobile app. Soon we'll be able to utilize automatic calculations to show you how much you can save with First U.S. when you bring us business you may have elsewhere. Business owners, we can help you grow with a full array of business services that include Small Business Loans, SBA loans, commercial real estate and business VISAs. We pledge to bring you more value, and as always, we strive to deliver it with the personal service you deserve. Your satisfaction is our number one priority.
We hope you will continue to think of us first for all of your financial needs. As a cooperative, we always appreciate your referrals. On behalf of the entire First U.S. team of volunteers and staff, it is a privilege to serve you.
2018 Annual Meeting Results
On February 22nd, First U.S. held its Annual Meeting. Board and Management highlighted a successful 2017, and during the meeting, Board members Phillip G. Keith, Nancy Lee, and Gary Staker, and Supervisory Committee member Joshua Perisho were each re-elected by acclamation to serve additional three-year terms.
We thank our volunteer Board of Directors and Supervisory Committee for their dedication and service to First U.S.
Annual Notice to Open-End Credit Life/ Credit Disability Policyholders
This insurance may not cover an advance or charge under your credit line if your disability or death results from a condition for which you have seen a doctor or chiropractor in the six months before the advance or charge.