2013 3rd Quarter
Want a New Toy?
2013 is turning out to be a banner year for borrowers due to lower rates of interest. These low rates are available right now at MVFCU for new and used vehicles, and all types of toys.
Credit Union Advantage
Since your credit union is a member-owned, not-for-profit cooperative, you get incredibly competitive loan rates on virtually all types of consumer loans. And since MVFCU is based locally, you can expect fast, personal service throughout the life of your financing.
Visit our website at www.mvfcu.coop or our Facebook page at /mvfcu.coop for our current rates. Apply 24/7 toll-free at (800) 976-5198 or on our website. You can also apply in person at any of our 11 community offices in Alaska or Hawaii. » top «
If you're in the market for some new wheels this fall, be sure to come to the MVFCU Annual AVIS Sale! MVFCU teams up with AVIS Alaska to give discounted prices and amazing loan rates exclusive to MVFCU members. We'll see you on Saturday, September 7 at our Seward Meridian Community Office. » top «
By Al Strawn
Each quarter I'm tasked with the challenge of writing approximately 300 words titled "Wisdom from your CEO." As I'm getting older, I realize that much of what I thought of in the past as "wisdom" is really pretty shallow stuff. Tips on how to manage your money, or making good financial decisions all in pursuit of the elusive "American Dream."
Since it is July and we are all gathering with family and friends to celebrate Independence Day, I thought I would call on a guest writer to give us some truly inspired wisdom.
During the Civil War, after issuing his Emancipation Proclamation, President Abraham Lincoln set a National Day of Humiliation, Fasting and Prayer, March 30, 1863, stating:
"It is the duty of nations ... to own their dependence upon the overruling power of God, to confess their sins ... with assured hope that genuine repentance will lead to mercy ...
The awful calamity of civil war ... may be but a punishment inflicted upon us for our presumptuous sins."
"We have been the recipients of the choicest bounties of Heaven ... we have grown in numbers, wealth and power as no other nation has ever grown. But we have forgotten God.
"We have forgotten the gracious Hand which preserved us in peace, and multiplied and enriched and strengthened us; and we have vainly imagined, in the deceitfulness of our hearts, that all these blessings were produced by some superior wisdom and virtue of our own."
"Intoxicated with unbroken success, we have become too self-sufficient to feel the necessity of redeeming and preserving grace, too proud to pray to the God that made us.
"It behooves us then to humble ourselves before the offended Power, to confess our national sins and to pray for forgiveness."
President Abraham Lincoln was a great leader in his own time and a wise man for all times. » top «
MVFCU had a great meeting at Evangelo's on Tuesday, May 7.
Don Shiesl presented the President's Report. Credit Union total assets grew to $381 million and net worth to $37 million throughout 2012. Additionally, the merger with Kunia FCU in Hawaii and the subsequent remodel of that newest community office went very well.
Matt Reisterer, Supervisory Committee Chair, delivered the Supervisory Committee Report. The report focused on the internal controls and external oversight that maintain a high level of financial integrity throughout MVFCU. Reisterer also introduced the credit union's new public accounting firm, Moss Adams.
Al Strawn, CEO, gave a short report on the operations, the future of MVFCU, and highlighted the tremendous asset of our volunteers. He discussed the success of our newest community office in Hawaii, and the continued relevance of MVFCU's lending services to our members, noting record loan volumes of the past year. Lastly, Strawn thanked all MVFCU employees for their hard work and dedication in making 2012 another successful year.
Incumbents, Krystyna Colberg and Joseph Hawkins were reelected to the Board of Directors for three year terms. Gaye Sarvela was also elected to serve a one-year term.
The winners of several door prizes were randomly drawn and everyone went home a winner with the ever popular Bucket-O-Cash.
The 2012 Annual Report is available at any MVFCU Community Office, or will be sent to your mailing address upon request. A summary video of the 2013 Annual Membership Meeting can be found on the MVFCU YouTube channel: mvfcu907.» top «