President’s Report Winter 2018

The latter part of each year includes many holidays that are special to me. One in particular is Veterans Day. As the son of an army man, I know first-hand that veterans truly have a heart for service. And service is what we’re all about at UFCU: service to our Members and to our community at-large. It is with this in mind that I find myself reflecting on who we are and what we’ve accomplished this past year.

Local
At a local level, we’re helping to make home ownership possible for many. Buying a home is such a momentous milestone for individuals and families, and we’ve helped to make that dream a reality for nearly 3,000 Members. For the second consecutive year, the Austin Business Journal has named UFCU the largest mortgage lender in Central Texas. I’m thrilled that we can be a part of something that has such a positive impact on our community.

Community
For many of our Members, Hurricane Harvey affected, and in some cases transformed, their lives. I’m proud of the level of service and generosity I witnessed on the part of citizenry in both Southeast and Central Texas, many of whom went well beyond the call of duty. Thank you all for your service and for sharing your financial resources with those in need. You are an inspiration.

State
At the state level, this past Election Day marked the passage of two nonpartisan amendments to the Texas Constitution that will enable UFCU and credit unions all over Texas to provide more savings and borrowing options for our Members, and thus serve you better. The passage of Proposition 2 means fewer restrictions for Texans who need home equity loans. And the passage of Proposition 7 means credit unions and other financial institutions can develop innovative savings practices for people who are trying to prepare for the future while making ends meet today. Both of these victories open doors for us to serve you better. Thank you again for the opportunity to serve you and to lead your cooperative. I’m proud of what we’ve done to uplift our communities. And I’m eager to leverage these recent successes to continue serving you in new and even better ways. 

Warmest regards,

Tony C Budet
President/CEO