Janessa Lutze keeps her eye on the prize during her turn in the money machine Monday evening. — The Holyoke Enterprise | Johnson Publications
Credit union sees bright future
Monday, Feb. 24, was a chance for the Holyoke Community Federal Credit Union and Imperial (Nebraska) Credit Union to look back at the successes of 2019 and look ahead to the promising future of 2020.
The credit union invited members to its annual meeting at the Phillips County Event Center in Holyoke.
The evening’s presentations included the president’s report by Randy Hale and the chairperson’s report by Steve Starkebaum.
“Our loan officers have been busy again this year,” said Hale. In 2019, between the two branches, 308 loans were approved, totaling $9,004,838.44.
As of Dec. 31, 2019, loans to members totaled $27,582,001.21, which represents an increase of $1,198,676.97 for 2019.
Total loans written off were $28,537.57, while recoveries totaled $1,076.81 for a net loan write-off of $27,460.76.
“The credit union’s asset size has grown steadliy since 2016 and has achieved steady growth in undivided earnings,” said Starkebaum.
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