President’s Report Winter 2020

When the forward-thinking faculty and staff at The University of Texas at Austin™ chartered UFCU in 1936, they deeply embedded our roots in education. One of the seven cooperative principles that guide all credit unions is “Education, Training, and Information,” and perhaps because of our history, we have cultivated intense support for this value over the years.

We believe that planting seeds of knowledge for every Member, elected representative, leader, and employee of our cooperative is vital not only to each individual’s success but also to the success of our communities. Like those ladies and gentlemen on the UT faculty more than 83 years ago, we hold education in the highest regard, and as a social purpose credit union, we strive to take it one step further: We’re doing everything we can to educate and assist not only UFCU Members but every individual in the communities we serve.

Our financial health programs position us to serve Members and nonmembers alike in the form of seminars, educational content, and community outreach. We want to offer anyone interested in achieving the next level of prosperity a realistic path for getting there. It’s a lofty goal, but a worthy — and we think achievable — one.

We made remarkable strides in 2019 toward that end. In addition to accolades from Forbes^®, the Austin Business Journal, and the Austin American-Statesman in the areas of how we deliver banking services and home loans, we received a new honor. The Austin Chamber of Commerce named us an Education Champion in the category of College and Career Mentoring/Experience. This recognition is an honor that motivates us to strive to new heights.

As our founders undoubtedly knew, the perennial growth of any community depends on the personal development of every individual therein, and education is at the heart of it. Wherever you are in your journey, we are here to assist you and to provide the products, services, and guidance you need to achieve that next level of prosperity. Please continue to let us know how we can be of service, and thank you for your membership.

Warmest regards,

Tony C Budet
President/CEO