81st Annual Meeting to be Held
09/01/2020
FCCU held their 81st Annual Meeting, Thursday, August 27th. The meeting was rescheduled from March, due to COVID-19. Speeches were given by our President/CEO, Steve Schmitz, Board President Owen Olson, and CFO, Sean Rinkenberger, with a smaller crowd than normal in attendance.
There were two positions up for re-elections for FCCU's board of directors. Colin Wegenast and Sandy Franke submitted petitions for re-election. With no other petitions submitted, both were filled by acclamation at the Annual Meeting.
FCCU President/CEO, Steve Schmitz reported FCCU has had a consistent growth and despite all that has happened in 2020, FCCU remains financially strong. Assets have grown to be $936 million at the end of July, making FCCU the largest credit union in the state. To put that into perspective, just ten years ago, FCCU was only at $324 million. Steve did note that FCCU has been putting money away in our reserves saying, “We never know what or when something like this may happen, but we continue to frugally prepare for each and every year, so we may remain financially strong.”
Attendees of the meeting received the 2019 Annual Report, which highlights activities, management and financials of the last year for the Credit Union. View the 2019 Annual Report.