As we turn the page on the first quarter of 2020, we find ourselves in a worldwide pandemic known as COVID-19. These are uncertain times, and to do our part, we have temporarily closed our lobbies to encourage social distancing and prevent groups from gathering in our lobbies. We will continue with this through the month of April, in accordance with the guidelines President Trump and the White House Coronavirus Task Force published recently. If anything changes, we will be sure to update you via email, website, and social media forums.
Rest assured, we are still here to serve you and will continue to do so through our drive-thru windows. In addition, we will meet with you by appointment, if you need to access your safe deposit box or speak with a Member Service Representative regarding your account. If you find yourself currently out of work, please don’t hesitate to call us and request a payment skip or two. Your credit union is well positioned to assist your needs. At year end 2019 our net worth ratio was 10.32%. Our regulator, the National Credit Union Administration, considers a credit union to be well capitalized at 7%.
We will get through this together, and we truly value you and your membership. Our Annual Meeting of the Membership was scheduled for late March, and we had to postpone the event. Once we get word that some of the guidelines are being reduced or eliminated, we will look for an appropriate date and send out notification of the event. Please stay safe, and thank you for understanding and doing your part to help our world recover from this pandemic.
Click here to read previous updates.