Message from the President
Your Credit Union – Safe, Strong, Secure, & GROWING
2012 was an eventful year for UIECU. Despite doing business in what has been labeled the most difficult economic times in recent U.S. history, together we were able to achieve a high degree of financial successes and thoughtful member service. I am pleased to report that your credit union is well funded and growing with good liquidity and a strong balance sheet. We are positioned to address any future uncertainty and capitalize on opportunities that may arise.
Over the past 80 years, our focus on “one member at a time” has allowed the credit union to grow as a financial institution, while serving the financial needs of the University and community. As our credit union continues to grow we are reminded once again of our vision, “Celebrating Campus & Community Through Quality Financial Service.”
Through growing partnerships and increased accessibility for members, we continue to enrich our services and strive to fill a gap within our Campus & Community given the uncertainty all around us. 2012 brought a successful year for lending and membership growth – all of which have afforded UIECU the opportunity to serve our members and their families in even greater ways.
As the Official Home of the Official Credit Card of the University of Illinois, the credit union is living our vision of celebrating Campus & Community. To date, our credit card has saved members over $2 million in interest expenses, fees, and charges. We are proud to be the #1 affinity card program in the nation with a low-rate, no frills credit card designed to enhance the financial lives of our members.
Today, your credit union continues to evolve in order to meet the needs of our members, our campuses, and our communities. We believe that the credit union’s not-for-profit status empowers us to reinvest in campus and community in ways that other financial institutions cannot, have not, and will not. As we continues to grow, we are committed to reinvesting our success back into our campuses, communities, and ultimately into our membership. Part of our ongoing challenge is to build upon these successes and increase community awareness and brand recognition through our financial promotions and offerings. You can visit uiecu.org/involvement to see some of the ways that your credit union is giving back.
Moving forward, 2013 will be a big year for your credit union. We are working to improve technology in 2013 through a new core computer data processing system as well as a new debit and credit platform. We’ll be communicating details of these upgrades as the year progresses to let you know of potential service delays and changes. Through these upgrades, you will see better technology, enhanced convenience and faster services. As we expand and grow our services, you, the member, remain our only focus.
While this past year was another year of unprecedented growth for your credit union, we recognize that it was also a challenging economic year for many of our members. The credit union met this challenge head-on, playing a big role in helping our members through these trying times by providing unique financial solutions that benefited their situations. UIECU remains firm in our focus and dedication to serving our members and their families, and we remain committed to ensuring our members’ financial success as challenges continue to persist throughout the coming year.
Thanks to our members and their families, your credit union has been able to navigate through recent challenging times. In the process, we have reached out to serve more of our members, continuing to add new members along the way. Over the next year, we are committed to enhancing and increasing your access to the credit union and making the member experience even better. We are reviewing new and exciting technological advances that will help make your credit union more available when you need it – both online and in our communities. Website enhancements, new products, increased accessibility and the same great service you've come to expect will all serve to help make UIECU the financial institution of preference for all of our members, no matter where they are located. Your credit union is proud to be a safe, strong, secure – and growing – financial service institution for both our existing and new members.
We look forward to another year of growth and success in 2013. Thank you again for your continued support.
Should you have any questions, please contact us at 217-278-7700, firstname.lastname@example.org or provide us direct feedback at www.cufeedback.com/uiecu or stop in one of our locations.