2011 was a good year for Reed Credit
Union, despite the challenges our
economy threw at us. Reed Credit
Union emerged from 2011 in a
financially stable and well
capitalized position of 12.54
percent - well above the regulatory
standard of 7 percent.
I believe our success in 2011 is a
reflection of our commitment to our
core values: fulfilling our
members' financial needs in a safe,
and sound
manner, while promoting thrift and
granting affordable loans. While
paying above market dividends we
also continued to expand our
products and services. In 2011we
began offering ATM cards on our
savings accounts for the convenience
of our members.
The quiet successes and shared
rewards of Reed Credit Union and our
peers across the state and nation
have not gone unnoticed. In fact,
credit unions were in the spotlight
this past fall as growing discontent
with big
Banks and their lack of concern for
average Americans grew into a
nationwide movement to encourage
people to abandon banks and put
their money in a not-for -profit
credit unions.
At a time when public confidence in
the financial system is very low,
you can be proud of your credit
union and you can have confidence in
it.
This year may pose more
uncertainties, but you can rest
assured that Reed Credit Union will
be there every step of the way. As
our economy continues to recover,
Reed Credit Union will be here to
help you get there. We look
forward to working together and
celebrating a prosperous 2012.
President
DOROTHY HYMAN
