We are pleased to report a record year in 2011 at Wright-Patt Credit Union. The year was highlighted by a $5 million payout of excess earnings to members through our Special Patronage Dividend - our largest payment yet – significant growth in loan and deposit balances, growth in membership and growth in employment. We closed the year with nearly $2.3 billion in total assets, nearly 220,000 members and directly or indirectly supported more than 500 Miami Valley jobs.
Through our You Save or We Pay Campaign, members kept more than $20 million in their pockets by refinancing loans with WPCU. We also funded more than $716.4 million in new loans. Members enjoyed more access to the credit union with the expansion of eServices, launch of the Mobile App, continued improvements of Home Banking, and enhancement of the Call-24TM automated phone system. Plus, robust mortgage and financial planning programs ensured the membership received some of the best rates and products available nationwide.
In 2012, we remain committed to the belief that members deserve to benefit from financial services that help them Save Better, Borrow Smarter, and Learn a Lot. Our focus remains on being the best financial institution our member-owners have ever experienced by offering comprehensive financial services that bring everyday value and meet the everyday needs of everyday people.
2011 was great, and we could not have done it without you. Our nearly 80-year commitment to the principles of people helping people and placing people before profits is how we can all continue to enjoy the benefits of membership at WPCU.
As always, thank you for being a member. We look forward to continuing our service to you in the coming year.
Edward T. Blommel Douglas A. Fecher
Chairman, Board of Directors President & CEO