Letter from the President & Board Chairman
President & CEO
Thank you for your continued membership at SAC Federal Credit Union. We’re pleased to report that 2012 was another exciting and successful year, highlighted by solid financial performance and a number of key achievements.
Our total assets increased by an impressive 13.71% and now stand at over $670 million while our loans grew by 9.16% and total $579 million. We’re also pleased to report that SAC FCU continues to lead the Omaha market in indirect auto lending with more than $396 million in current loans. As a result, SAC Federal Credit Union remains strong, well-capitalized and the largest locally owned credit union in Nebraska.
Another contributor to our success is our commitment to offering members a complete line of products and services that conveniently meet their financial needs and provide maximum value with outstanding member service. In 2012, we improved many of our existing products and introduced new ones such as mobile banking, VISA Credit Cards, Banzai, an interactive financial literacy program, and two new in-store branches. Today, SAC FCU provides a wide spectrum of financial products including: Mortgage and home equity loans, money market accounts, business services and an investment area. We continue to strive to provide you with a high level of personalized service with all the sophistication of today’s technology.
SAC FCU also continued its commitment to being a good neighbor to the communities we serve by being active in community organizations and participating in community events. This was most evident in the support we provided to 100 different organizations in 8 counties throughout the year and all the volunteer support provided by our employees.