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2009 Annual Meeting
On April 18, 2009 Remington Federal Credit Union had its annual meeting. We had 98 attendees at the meeting. James Conover, Don VanValkenburgh and Lee Slocum where re-elected as Board members. The Board than met and elected the following officers:
Diane Slocum, President
Dave Brewer, Vice President
Terry Slocum, Secretary
Lee Slocum, Treasurer
Remington Federal Credit Union is in excellent financial shape. As a credit union our primary focus is not profitability, but the service to our members. We have made a concerted effort to offer the lowest possible rates on loans and the highest possible rates on deposits, without jeopardizing the strength of the credit union. The following are some of the key numbers as of December 31, 2008.
| |
2006 |
2007 |
2008 |
| Total Assets |
$25,442,044 |
$28,081,269 |
$33,111,659 |
| Total Loans |
$14,955,355 |
$15,860,581 |
$15,783,036 |
| Total Deposits |
$20,702,451 |
$23,038,320 |
$28,111,942 |
| Total Income |
$1,404,344 |
$1,628,701 |
$1,834,046 |
| Dividend Expense |
$344,494 |
$561,969 |
$647,067 |
| Total Expense |
$1,265,676 |
$1,486,503 |
$1,595,553 |
| Net Income |
$29,975 |
$142,197 |
$238,493 |
Your credit score is used in many areas to determine the rates you pay. Your insurance company will charge a higher rate if you have a low credit score. You will pay a higher rate on your loans and credit cards if your credit score drops. You may not even get the job you want if you have credit issues. How do you know what is on your credit report?
Your scores, along with an explanation of how the score was derived typically are online for a fee. You may want to call of check the web sites of the three major credit bureaus. Your score will vary among companies.
Credit Bureaus
Free credit reports are available at www.annualcreditreport.com (877) 322-8228
The free credit report will typically give you all of the information on your credit report but not your score.
As the New Year begins remember to keep your information safe. There are many people trying to steal your information in order to obtain credit or charge items in your name. Remington Federal Credit Union and its staff will never call you to obtain information regarding your personal information. We will not request this information on the phone or on-line. If you call into the credit union we may ask this information in order to verify your identity but we will never call you to ask for this information.
Remember to shred any information that has your social security number or account numbers.
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