Fremont Federal Credit Union 2022 Annual Report

Michele M. Always works with you on anything, very helpful and understanding! I will always be bankingwith FFCU! Nicholas Cray CEO/President John Lauer Chairman 2022 was a transformational time for Fremont Federal Credit Union. As we reflect on the previous year, there is much for which to be grateful. Our credit union has a stable financial base and is well- positioned for the rising rate environment we find ourselves in today. The increase in our membership, loans, return on net assets, and net income last year highlight the strength of our team, and our commitment to member success. We gained 640 newmembers last year. As shown in our Treasurer’s Report, we increased our assets to $323 million. We issued 3,217 loans totaling over $77 million for a variety of products, including homes, automobiles, motorbikes, and boats. This was done while minimizing our loan risk and maintaining our credit union’s commitment to positively impacting our members’ financial lives. Giving back is essential to us, and we proudly capitalized on this opportunity by increasing the returns on your savings and by investing more with community partners. We are happy to report that we participated in more than forty community activities across our service area. With the continued growth of FFCU, we can boast a full array of best-in-class financial tools, products, and services. We have continued optimizing our core operating system and a new online and mobile banking platform. We introduced newmortgage products, savings options, and credit card offerings to improve your financial situation. We provided attractive interest rates on savings and loans, and we implemented innovative reforms to make banking for our members simpler, quicker, and safer than ever before. During the last several months, we’ve increased savings rates, which has increased the value of our share certificates and money market accounts. As a financial cooperative, our Management and staff put you first and provide a warmwelcome to all members of the communities we serve. Your financial well-being is always our first concern, and we strive to deliver an experience that surpasses your expectations. Looking forward, 2023 will be another defining year for the credit union. We are well-positioned for uncertain times ahead and are proud of the trust you put in us. As a member of FFCU, we value your confidence, support, and devotion. It is our privilege to serve you and to call ourselves your financial partner. FromYour Board Chairman & CEO/President