Credit Union boasts ongoing growth, new cards, more

    Holyoke Community Federal Credit Union and Imperial Credit Union members met Feb. 25 in the Phillips County Event Center for their annual meeting to discuss their continued profitability and new technologies rolled out in 2018.
    Chairperson Steve Starkebaum reported that dividends had risen by $75,000, and new loan programs like the credit builder loan are also bringing in new assets for the organization. Total dividends paid in 2018 were $218,807.56. Assets in 2018 were also up by $2,917,252.66, totaling $32,846,361.71.
    “In addition to the growth and profitability, we have been upgrading our equipment and services at both branches,” he said.
    At the same time, he added, the credit union’s outside auditor Petersen and Associates and internal supervisory committee have reported no issues.
    “As always, safety and compliance are something that we as a board maintain a very close eye on.”
    He also acknowledged the credit union’s 11 50-year members.
    President Randy Hale touted how HCFCU began offering credit cards with the company’s name and new, infinity sign logo in October.
    “They’re going to strut the Holyoke Credit Union name on them, which is kind of nice, and a logo that resembles the mobile app icon,” he said.

The full article is available in our e-Edition. Click here to subscribe.