Letters from Leadership | June 24, 2019

President’s Report Summer 2019

Tony Budet

Sustainable development of our community is one of the seven cooperative principles that guide all credit unions. It’s another way credit unions’ people helping people DNA sets us apart from other financial institutions. At UFCU, we are passionate about and committed to improving quality of life for our Members and for everyone who shares the spaces in which we live, work, and play.

The state of our financial affairs often dictates our quality of life, so helping Members get financially healthy is critically important to us. In fact, our financial health programs help people, regardless of their circumstances, take control of their future. While a solid financial footing does not look the same for everyone, certain standards of financial wellness consistently appear on most everyone’s to-do list — spending, saving, borrowing, and planning.

These four pillars of financial health drive our programs, products, and services because we know they are key to your success. Almost half of Americans don’t have enough cash in their savings to cover a $400 emergency. We’re determined to change that. Simply put, we want to help you understand how to spend, save, borrow, and plan wisely, effectively manage your credit, and successfully handle life’s surprises when they come.

Our vision is a thriving community of empowered, financially healthy individuals. To that end, we are collaborating with our higher education partners, other cooperatives, philanthropically-minded businesses, and people just like you to make it happen. This is an exciting time at UFCU, and we couldn’t do it without you.

Thank you for your membership and continued support.

Warmest regards,

Tony C Budet

(This article originally appeared in the Summer 2019 edition of Currency Affairs.)