Letter from the President & Board Chairman

Gail DeBoer - President & CEO

Gail DeBoer
President & CEO

Jim Rockwood - Board Chairman

Jim Rockwood
Board Chairman

Thank you for your continued membership at SAC Federal Credit Union. We are pleased to report that 2015 was another exciting and phenomenal year, highlighted by a number of outstanding achievements.

In 2014, we completed a core banking system conversion. This new system is providing SAC better operating efficiencies, greater levels of security and a platform for future technology enhancements.

With the new system, additional measures have been put in place to not only provide enhanced security of member information, but protection from the unlikely event of a major systems outage at the credit union. This new disaster recovery site is several hours away from the Omaha metro area, and provides a secure facility for IT services at SAC should the need ever arise.

Providing exceptional security and safety for our members continues to be a top priority for us. The technological improvements we have made in our cyber and physical security, make it possible for our members to experience safe and convenient banking in all channels, whether it’s online, on a smart phone or in one of our 23 branches. Members can be confident that we are putting security and back-up measures in place that will keep their accounts safe.

New technology has allowed us to introduce new products and services for our members, products like Apple Pay and EMV chips in credit cards. Future products like check capture and new online banking will further enhance our member’s experience.

We’re pleased to report that 2015 was another year of solid financial performance.

• Our total assets increased by an impressive 6.29% and are now at over $774 million
• The credit union had loan growth of 3.77% and totals $675 million, while maintaining loan quality
• SAC’s total membership for 2015 grew by 9.64% bringing total membership to 90,604 as of June, 2015

As a result, SAC Federal Credit Union remains strong, well-capitalized and is the largest locally owned credit union in Nebraska.

We expanded our market footprint with the opening of our 24th branch, located within the Base Exchange at Offutt Air Force Base. The opening of this new branch is just one more example of SAC’s commitment to Offutt Air Force Base and to the communities around the base as well.

We continue to operate under the credit union philosophy of “People Helping People.” SAC FCU continued its commitment to being a good neighbor to the communities we serve, by supporting over 100 community organizations and participating in numerous community events. We want our communities to thrive, to have plenty of opportunities, and to be a great place to live, work and play. We also continue to invest in our employees and in building their talent.

We believe that these investments in our technology, our employees and our communities will provide unprecedented growth and success in the years to come.

We appreciate you and the trust you have placed in us. On behalf of the Board of Directors, the Management Team and our outstanding Staff, we are honored to have the privilege of serving you.


Gail L. DeBoer
President & CEO

James E. Rockwood
Board Chairman