Letter from the President
SAC Federal Credit Union celebrates another successful year and continues to rise by growing and maintaining its strong financial position. Over the last year, more than 6,000 new members joined SAC FCU representing growth of approximately 9.26 percent and a 14.10 percent increase in assets. As a result, SAC Federal Credit Union now serves over 70,000 members and has over $600 million in assets to remain the largest locally based credit union in Nebraska.
Of course, as our assets have increased, so has our ability to provide more members with loans at very favorable rates. That’s because, as a not for profit cooperative, the revenue that’s generated gets directed back to the members. That’s why we’re also able to continue to invest in technology and enhance the products and services we provide along with convenient delivery methods such as our online banking and bill pay. Our mobile banking service utilizes the latest technology to let users quickly and easily access their SAC FCU accounts using their mobile phones. Members can check balances, view transaction histories, perform transfers, and find the nearest SAC FCU location or ATM.
We also continue to understand that superior products and rates have to be accompanied by superior service. At the heart of our core values is our RISE program, which is an acronym that represents Respect, Integrity, Service, and Excellence. SAC’s employees know the important role these core values play in the way we conduct business each and every day and in fulfilling our mission of being our members’ trusted financial partner.
The careful planning and execution of our branching strategy has also helped fuel our growth. In the last year we opened a branch inside the No Frills store in Blair, Nebraska and another in the No Frills store in South Omaha. With the additional branches, we now have 21 locations along with 68,000 surcharge-free ATMs to provide greater convenience to our members. Our most prominent development was the site selection and groundbreaking of our new corporate headquarters. This was the culmination of an extensive property search and we couldn’t be more pleased to find a location that offers convenience to our members and visibility to the community. Needless to say, we’re looking very forward to its completion in early 2014.
As we work hard to serve our members, we help raise up our communities through service and investments. SAC FCU is deeply invested in the partnerships we have within our communities and our staff volunteers time and talent in their neighborhoods, schools, and with many charitable organizations. The Credit Union also provides financial education programs to middle, high schools, and university students, including participation in the Junior Achievement program.
SAC Federal Credit Union’s leadership and Board of Directors are also actively involved in our communities and volunteer their time to serve on numerous local Boards and committees. We believe that we can best serve our membership by helping shape the decisions that affect their daily lives. Helping members make good financial decisions, manage their credit wisely, and take control of their financial well-being will continue to be an important focus for the Credit Union. We embrace each person and each community, addressing their needs with genuine care and respect.
During the past year, SAC FCU was honored with the 2012 Better Business Bureau Integrity Award for Business Ethics. This award is presented to businesses in recognition of their superior commitment to exceptional standards that benefit their customers/members, employees, suppliers, and surrounding communities. We’re very proud of our commitment to ethics, and we are honored to be recognized by this prestigious award.
As SAC Federal Credit Union continues to rise, we must also acknowledge our past. Time changes most things ... but not our dedication to our members. We ask you to join us in a future filled with promise and possibility. As the Chairman of the Board and SAC FCU’s President & CEO, we would like to take a moment to thank all of you – our members, our staff, our management, and our volunteer Board of Directors and committee members for your continued support. This Credit Union is successful because of your commitment to the credit union’s philosophy of “People Helping People.”
|Gail DeBoer||Jim Rockwood|
|President & CEO||Board Chairman|