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NEWRIZONS has continued to provide a full range of services to individual members without interruption throughout the economic storm. Loan growth, as stated in the Loan Officer's report was substantial in 2008, primarily as a result of the CUDL program. NEWRIZONS is a seasoned lender and we continue to have funds available for loans of all types, loan rates are at their lowest in many years.
NEWRIZONS Federal Credit Union has always been conservative. We deposit our excess funds in certificate of deposits after we make prudent loans to our qualifying members. We don't take unnecessary risks or take part in any sub-prime anything. The bottom line "YOUR MONEY IS SAFE AT NEWRIZONS". Your deposits are Federally Insured to at least $250,000 by NCUSIF (National Credit Union Share Insurance Fund) which is administered by NCUA (National Credit Union Administration) a government agency. So your deposits are backed by the full faith and credit of the United States Government.
The main thing on everyone's mind is "what is going to happen"? Well, I wish we had a crystal ball. I can tell you that here on the harbor we have been through many challenges over the years and have always shown that we can WEATHER THE STORM, whether it is wind or economic downturns. Here at the credit union, like many of you, we are continuing to ensure we focus on the basics first. One of the basics for running a strong credit union is a computer system that grows and changes as your needs grow and change. Later this year we will be implementing a new computer system that provides great new services. These new services allow you to customize safely and security - for example, home banking and bill payer will be easier to use with a single sign on. Online statement histories will include all accounts - savings, checking, VISA transactions, CD, IRAs, loans, etc. for easy reference and access. Lots of good changes for you, our members, will be available throughout 2009 and into 2010.
Remember that NEWRIZONS is now open to anyone that lives, works, attends school or worships in Grays Harbor County. Tell your family and friends about the benefits of being a member and about the personal service here that makes us unique.
Thank you staff: Tina, Jody, Louise and Ynette. Thank you board: Francis, Mike, Judy V, Judy B, Sandi, Virginia and Ken. Thank you supervisory committee: Kay, Virginia and Anita. THANK YOU MEMBERS, we appreciate your continued participation and support.
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Dear Members,
