From the CEO

by Phil Meyer

As 2011 draws to a close and the calendar turns to 2012, Ohio University Credit Union members can continue to rest easy.

While many financial institutions were tested throughout the course of last year, OUCU proudly maintained a strong capital ratio of 9.5% (well above the NCUA-required average of 7% that a credit union needs to be considered “well capitalized”). OUCU also experienced strong savings and loan growth throughout 2011.

Additionally, many exciting events and outreach programs took place in 2011, including:

• A community Shred Day, in which over 9,850 pounds of personal documents (that's nearly 5 tons of paper!) were shredded and recycled.

• “Mad City Money,” a real-world money simulation that taught local classrooms the value of saving money and budgeting for the future.

• Big Brothers Big Sisters’ annual “Bowl for Kids’ Sake” fundraiser. This year’s OUCU-sponsored event raised over $43,000, allowing BBBS to continue to match area children with mentors.

During the holiday season, we treated over 300 OUCU children and their families to a free Holiday Movie Matinee at Movies 10 in Nelsonville. Our employees were also able to brighten Christmas for 18 local children by purchasing numerous gifts in conjunction with Children’s Services.

In the coming year, OUCU will remain strong and capable of navigating difficult waters. 2012 will also see the release of a number of exciting new products and services, including:

• a new www.oucu.org website
• an updated Online Homebanking experience
• updates to many of our ATMs
• Mobile Banking

We are honored to serve in a cooperative movement in which “people helping people” matters more than making a profit.
Thank you for being a member; from our family to yours, happy 2012!

- Phil