We would like to thank everyone that attended this year’s 76th Annual Meeting; we hope everyone enjoyed the food and entertainment. It was a great turn out again this year and we appreciate all of your support. We held our elections and the officers as follows:

President: Dave Brewer
Vice President: Terry Slocum
Treasurer: Lee Slocum
Assistant Treasurer: Mark Gaworecki
Secretary: Dianne Slocum

Supervisory Committee
Cliff Lane, Chairman
Gary Smith
Keith Dye

Board Members
Jim Conover
Gerry Gage
Chou Vallabheneni
Don Van Valkenburgh

Next year's 77th Annual Meeting will be held on Saturday, April 21st, 2012 at Francesca's Banquet Hall in Ilion, NY. See you there!

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

Equifax	www.equifax.com	(800)-685-111
Experian	www.experian.com	(800)-397-3742
TransUnion	www.transunion.com	(800)-888-4213

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.

Graduate opens a Share Savings account with a deposit of $5.00 after graduation. They have until the end of July to take advantage of this offer. Must bring in their diploma to show proof of graduating. Membership fee of $5.00 will be waived.

Remington Federal Credit Union will than deposit $20.00 in their account which will have a hold put on it for six months from opening date. After the six month period the funds will be released to the member.

We would like to encourage all graduates to take advantage of this offer. They can see how easy it is to save for those wanted expenses or College costs.

Identity theft is on the rise. There are people out there trying to obtain information in many new ways. No person will ever call from the credit union to obtain private information. If you get a call like this please call the credit union. Never give out this information over the phone.

Recently there have been numerous sites that imitate legitimate sites like this web-site and ask you to provide information. Be careful who you give information to as these web sites will take the information provided to access your accounts. The credit union will not have any pop-ups that ask you for information. The only time you will see anything from the credit union is when you go to our web site.

For your protection we have purchased the rights to remingtonfcu.org, remingtonfcu.bus and remingtonfcu.gov. This will keep anyone from building a scam web-site and portraying themselves as the credit union.

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, 2010.

	2008	2009	2010
Total Assets	$33,111,659	$38,122,434	$39,684,478
Total Loans	$15,783,036	$16,146,445	$15,055,143
Total Deposits	$28,111,942	$33,165,844	$34,615,797
Total Income	$1,834,046	$1,117,641	$1,675,553
Dividend Expense	$647,067	$560,106	$426,862
Total Expense	$1,595,553	$2,011,167	$1,480,121
Net Income	$238,493	$-33,674	$108,820