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| Message from the President
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A Message From The President
As we begin 2010 and reflect on 2009 we realize that these are interesting, unusual and in some cases unprecedented times. There have been and continue to be many people struggling with debt repayment and feeding their families. In the past when we would hear of these situations we would relate them to “The Great Depression” of the thirties. As a society, those of us who are more fortunate and have the means to help, have the responsibility to help. As a responsible credit union, we work with our members restructuring debt and setting budgets to enable them to make their payments. We also have three trained Financial Counselors on staff who are available to provide advice FREE OF CHARGE.
At HFCU 2009 was our best year operationally. However, we did experience some systemic downside due to our association with the Credit Union Corporate System, whom we have done business with in the past. They sustained investment losses as a result of the Mortgage Subprime debacle which in turn impacted our balance sheet in a negative manner. We made all of the adjustments needed to deal with the impairment and still had a solid year. We remain optimistic for 2010 with hopes of meeting or even exceeding your individual financial services needs.
My thanks and appreciation go to the members of the Board of Directors, Supervisory Committee, Loan Review Committee, staff and you, our member, for your continued utilization of our products and services.
May the New Year find you in good health and bring you happiness and prosperity.
-Ron Hance, President
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