The 72nd Annual Meeting was held at the Best Western in Little Falls New York on April 26, 2008. Members and employees enjoyed a buffet dinner as well as entertainment by Rick Bond.
Diane Slocum, Verna Hyer, and Choudari Vallabhaneni were reelected to the Board of Directors.
The Board of Directors selected the following officers:
Diane Slocum, President
Choudari Vallabhaneni, Vice President
Lee Slocum, Treasurer
Dave Brewer, Secretary
The Credit Committee will consist of Cliff Lane, Chairman, Jim Conover and Keith Dye.

The Board of Directors announced two new programs to benefit the members of the credit union.

The first program is coupons to increase the rates on certificates of deposits, or lower the rates on loans. These coupons are available to anyone who was a member at the time of the meeting. This coupon was designed to offer better rates for our current members due to their loyalty to the credit union.

The second program is members of the Remington Federal Credit Union, who paid or received over $10.00 in interest in 2007, will earn a premium from the credit union. Remington Federal Credit Union had a good year in 2007 and we would like to give back to our members. In the coming two months we will be putting money into your savings based on the amount you earned on your deposits or paid on your loans. You will also be receiving funds from the sale of the credit card portfolio based on the balance in that account.

Remington Federal Credit Union is proud to announce the initiation of on-line bill payment for members with checking accounts. Online bill pay allows you to schedule your bills and make payment on-line. Payments are sent to the vender either by electronic means or by check.

There is no cost for this service. If you are interested please call Steve Jones at 315-894-9924.

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, 2007

	2006	2007
Total Assets	$25,442,044	$28,081,269
Total Loans	$14,955,355	$15,860,581
Total Deposits	$20,702,451	$23,038,320
Total Income	$1,404,344	$1,628,701
Dividend Expense	$344,494	$561,969
Total Expense	$1,265,676	$1,486,503
Net Income	$29,975	$142,197