2022 Annual Report

Our decisions continue to be focused on meeting members’ needs and expectations now and into the future.” “ Florida Credit Union experienced a great year in 2022 and accomplished many initiatives throughout the organization. This growth is attributed to you, the owners of the credit union, for taking advantage of our services, deposits, loans, and electronic products. Our decisions continue to be focused on meeting members’ needs and expectations now and into the future. In 2022, our loan programs were successful, and our members received over $753 million in new loans. Members obtained 1,285 real estate loans for a total of $86,849,503 and 16,240 auto loans for a total of $509,879,033. Over 39 thousand other consumer loans were granted in 2022 amounting to $92,556,511. We also provided $64,291,133 in business loans in 2022. Additionally, we continue to attract new members. In 2022, over 24,900 new accounts were opened. We have come a long way thanks to you, our members. Last year, we opened a new branch in Belleview. We converted our credit and debit card program to allow us to offer better services and technology for our members. We also added new loan products, enhanced member fraud protection, and much more while continuing to provide state-of-the-art experiences for our members through our electronic channels. We constantly strive to improve our processes and services to make managing finances easy for our members. In 2023, we will continue to focus on the financial needs of our membership. We plan to offer new products and services to allow you to conduct your financial business efficiently and conveniently. Report of the President We will also continue to focus on our facility and service needs. We are in the process of building a new branch in The Villages area. Whether inquiring about CD rates or applying for a loan, our staff is available weekdays from 8 a.m. to 8 p.m. and on Saturdays from 9 a.m. to 5 p.m. You can also apply online at any time. In addition, we offer loan services by phone 24 hours a day, 7 days a week. FCU understands how busy you are, so we make mortgage and loan services more convenient with this “around the clock” availability. You can talk to a fully-qualified loan officer anytime of the day or night. The Board and management of FCU will continue to operate your credit union safely, using sensible decisions that are rooted by the needs of the membership. Our capital ratio of 11.42% far exceeds the 7% required ratio of federal and state examiners. It is because of the diligent and focused efforts of your Board and management team that Florida Credit Union continues to grow and succeed. As a member/owner of Florida Credit Union, you belong to a strong, viable financial institution. With our soundness and stability, we are well positioned to meet your personal financial needs. I urge you to take full advantage of your credit union membership. Mr. Mark N. Starr President / CEO 2022 Annual Report | 7 2022 Annual Report | 6