UKIAH, CA Mendo Lake Credit Union (MLCU) reported on another year of growth and service to the community at its 56th annual meeting in Ukiah.� In addition, elections for the MLCU Board of Directors and Supervisory Committee were conducted at the March 26 session.
Highlights of MLCUs accomplishments and services from 2014 were outlined by Robert Scott, Chairman of the Board of Directors;� Richard Cooper, President/Chief Executive Officer;� Carolyn Welch, Supervisory Committee Chairperson; and Jamey Gill, Marketing and Community Outreach Director.
In welcoming attendees to the meeting, Scott said, "We represent you, the members of the credit union. Our volunteer leadership is one of the most significant differences between your member-owned credit union and other for-profit financial institutions."
MLCU is governed by the nine-member Board of Directors and five members of the Supervisory Committee, representing "over 125 years of volunteer service to the MLCU membership," stated Scott.
The credit unions assets increased from $174 million to $188 million last year, Cooper reported. A record $51.6 million in new loans were granted to members in 2014, with $31.8 million sourced direct from local auto dealers. "As a community development financial institution, providing access to low cost loans is one of our primary missions," said Cooper, who added that the automobile loan numbers continued to make MLCU the number one source for auto loans in the Mendocino and Lake county area.
Among new services offered by MLCU in 2014 were a VISA credit card program, a renewed mortgage lending program, and a mobile banking platform called "SPRIG" that includes an option to deposit via smart phones.
Continuing its tradition of supporting the community, more than $80,000 was invested in local nonprofits and service organizations, said Cooper. Among many other programs, the credit union administers the Arlene Colombini Scholarship for college financial aid, and staff conducts financial literacy programs aimed at all ages.
MLCU increased its membership by more than 4,000 in 2014, peaking at 26,193 members at the end of its 55th year. Additionally, Cooper noted, there was greater use of CoOp ATMs and shared branch facilities.
Among its notable achievements was the credit unions selection as 2014 Stars of Lake County Large Business of the Year, an award sponsored by the Lake County Chamber of Commerce.
During the annual meeting, Gill presented a video entitled "Why Mendo Lake Credit Union?" featuring comments by members and staff talking about the things that make Mendo Lake Credit Union different from other financial institutions. Gill was pleased to debut the video during the meeting and invites individuals to view the video on the MLCU website found at
www.mlcu.org
Completing the business portion of the meeting, elections to the board of directors were conducted for three spots. Carolyn Welch, Arlene Colombini and Madelin Holtkamp each were elected to serve a 3-year term. Leslie Banta and Ginger Kite were elected to MLCUs Supervisory Committee.
Appetizers for the annual meeting were provided by Kerri Barnett of "Come to Your Senses Catering," and door prizes were contributed by several member businesses including Grocery Outlet, Running Creek Casino, Studio Fit in Ukiah, Black Oak Coffee, and Lovers Lane Farms.
MLCUs published Annual Report for 2014 acknowledges the work of its board of directors which includes: Scott, Vice Chairman Larry Myers, Treasurer/Secretary Colombini, and Directors John Burke, Karen Christopherson, Monte Hill, Holtkamp, Cameron Reeves, Dale Simpson, and Emeritus Director Jack Daniels.
Also recognized for their service are the members of MLCUs supervisory committee for 2014: Chairperson Carolyn Welch and members Tami Bartolomei, Dave Goodman, Kite, and John Kuhry.
"I am extremely thankful for the members of our dedicated volunteer group for their commitment to our mission in the community," said Cooper. "I would also like to express my personal appreciation for the 68 team members who serve our members and their myriad of service needs every day. Most importantly, my thanks go out to all of our 26,000-plus members for their continued trust and confidence. Your support allows MLCU to provide a viable local option for crucial financial services.
"We appreciate the opportunities that the last 55 years have brought us, and we look forward to serving our community for many years to come," Cooper concluded.
Mendo Lake Credit Union is a member-owned financial cooperative and has been serving members financial needs since 1959. MLCU branches are located in Lakeport, Clearlake, Fort Bragg and Ukiah. For more information, contact Jamey Gill, director of Marketing and Community Outreach, at
jameyg@mlcu.org or 707-467-4809.
UKIAH, CA Mendo Lake Credit Union (MLCU) reported on another year of growth and service to the community at its 56th annual meeting in Ukiah.� In addition, elections for the MLCU Board of Directors and Supervisory Committee were conducted at the March 26 session.
Highlights of MLCUs accomplishments and services from 2014 were outlined by Robert Scott, Chairman of the Board of Directors;� Richard Cooper, President/Chief Executive Officer;� Carolyn Welch, Supervisory Committee Chairperson; and Jamey Gill, Marketing and Community Outreach Director.
In welcoming attendees to the meeting, Scott said, "We represent you, the members of the credit union. Our volunteer leadership is one of the most significant differences between your member-owned credit union and other for-profit financial institutions."
MLCU is governed by the nine-member Board of Directors and five members of the Supervisory Committee, representing "over 125 years of volunteer service to the MLCU membership," stated Scott.
The credit unions assets increased from $174 million to $188 million last year, Cooper reported. A record $51.6 million in new loans were granted to members in 2014, with $31.8 million sourced direct from local auto dealers. "As a community development financial institution, providing access to low cost loans is one of our primary missions," said Cooper, who added that the automobile loan numbers continued to make MLCU the number one source for auto loans in the Mendocino and Lake county area.
Among new services offered by MLCU in 2014 were a VISA credit card program, a renewed mortgage lending program, and a mobile banking platform called "SPRIG" that includes an option to deposit via smart phones.
Continuing its tradition of supporting the community, more than $80,000 was invested in local nonprofits and service organizations, said Cooper. Among many other programs, the credit union administers the Arlene Colombini Scholarship for college financial aid, and staff conducts financial literacy programs aimed at all ages.
MLCU increased its membership by more than 4,000 in 2014, peaking at 26,193 members at the end of its 55th year. Additionally, Cooper noted, there was greater use of CoOp ATMs and shared branch facilities.
Among its notable achievements was the credit unions selection as 2014 Stars of Lake County Large Business of the Year, an award sponsored by the Lake County Chamber of Commerce.
During the annual meeting, Gill presented a video entitled "Why Mendo Lake Credit Union?" featuring comments by members and staff talking about the things that make Mendo Lake Credit Union different from other financial institutions. Gill was pleased to debut the video during the meeting and invites individuals to view the video on the MLCU website found at www.mlcu.org
Completing the business portion of the meeting, elections to the board of directors were conducted for three spots. Carolyn Welch, Arlene Colombini and Madelin Holtkamp each were elected to serve a 3-year term. Leslie Banta and Ginger Kite were elected to MLCUs Supervisory Committee.
Appetizers for the annual meeting were provided by Kerri Barnett of "Come to Your Senses Catering," and door prizes were contributed by several member businesses including Grocery Outlet, Running Creek Casino, Studio Fit in Ukiah, Black Oak Coffee, and Lovers Lane Farms.
MLCUs published Annual Report for 2014 acknowledges the work of its board of directors which includes: Scott, Vice Chairman Larry Myers, Treasurer/Secretary Colombini, and Directors John Burke, Karen Christopherson, Monte Hill, Holtkamp, Cameron Reeves, Dale Simpson, and Emeritus Director Jack Daniels.
Also recognized for their service are the members of MLCUs supervisory committee for 2014: Chairperson Carolyn Welch and members Tami Bartolomei, Dave Goodman, Kite, and John Kuhry.
"I am extremely thankful for the members of our dedicated volunteer group for their commitment to our mission in the community," said Cooper. "I would also like to express my personal appreciation for the 68 team members who serve our members and their myriad of service needs every day. Most importantly, my thanks go out to all of our 26,000-plus members for their continued trust and confidence. Your support allows MLCU to provide a viable local option for crucial financial services.
"We appreciate the opportunities that the last 55 years have brought us, and we look forward to serving our community for many years to come," Cooper concluded.
Mendo Lake Credit Union is a member-owned financial cooperative and has been serving members financial needs since 1959. MLCU branches are located in Lakeport, Clearlake, Fort Bragg and Ukiah. For more information, contact Jamey Gill, director of Marketing and Community Outreach, at jameyg@mlcu.org or 707-467-4809.