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Chairman’s Report For more than 100 years, America’s credit union movement has upheld the tradition of focusing on its members. Despite the continued weak economy, SELCCU has remained stable. I’m happy to report at the end of 2008, we had more than $115 million in assets; at the end of 2009, we had more than $129 million in assets. This is good news for all of us, but we will have challenges this year related to economic conditions. When many are facing personal financial difficulties or uncertainty about the future, there are opportunities for us to further demonstrate our commitment to you. I am confident we have the resources— financial strength and dedicated staff—to weather any tough times. Last year, employees embarked on the task of revising SELCCU’s mission statement to more accurately reflect what you expect from us. The final result: It is the mission of School Employees Lorain County Credit Union to exceed expectations with superior service and products that will promote members’ financial success, while operating in a financially sound, ethical manner. During 2009, we made progress in our product/service offerings:
More recently, we introduced ◄ Make Money Matter (M3) ►. Created by teens for teens, M3 provides opportunities to earn rewards for saving money and using more of our products and services. By helping young members make better decisions about saving and spending, we’re honing their skills as money managers. Throughout 2010, we will remain focused on exceeding your expectations. We appreciate your trust and support. Thank you for making your credit union a success! Ed Syrowski
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