A Message from Our CEO
For 64 years, your Credit Union has worked hard to help you achieve your financial dreams. From the first member served in 1954 to each new member we welcome today; we are committed to cultivating your financial success.
Halfway through 2018, the economy continues to thrive. Unemployment has decreased to a 17-year low, meaning Americans have more disposable income than previous years and our economy has seen significant growth in spending compared to the typical yearly average. Already this year, the Federal Reserve has increased rates twice and there’s potential for two more increases before the end of the year.
What does this mean for you? A rising-rate environment can lead to opportunities for increased earnings on your deposits. By taking advantage of rate-sensitive products, such as our new Amplified Money Market Checking, you can earn a higher return and ultimately grow your hard-earned money more quickly. This account was designed specifically for those looking to take advantage of the rate environment. Its top two tiers are structured to follow market trends, without your intervention, so you’ll always be earning the latest rates.
In 2017, we paid out nearly $35 million in dividends to our members making us a leader amongst credit unions in Dividend Payout Ratios! This means, we are leaders in the dividend rates we offer on our deposit products and you’re making the right choice when saving, and building your savings, with us. If you have funds at other financial institutions, I strongly encourage you to meet with one of our Member Consultants today and find the best strategy to take advantage of increased savings opportunities. In addition to our new Amplified Money Market Checking, we’ve recently restructured our certificate options, as well as increased rates making them widely competitive in the area.
Our ability to stay competitive and offer such great rates comes from our continued growth in membership and asset size. Current plans include two new branches in the Greater Cincinnati including one in Northern Kentucky to provide you even easier access to our branches and assistance. We value the opportunity to serve your financial needs. Thank you for your continued membership, trust, and loyalty. Enjoy the rest of your summer!
Timothy D. Ballinger
President and Chief Executive Officer
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