Dear HUECU Members,
I am pleased to report that Harvard University Employees Credit Union finished 2017 with a very strong financial performance as evidenced by our: 14% loan growth, 11% asset growth, 5% net membership growth and 16% growth in total revenue over the prior year.
We continue to work tirelessly in fulfillment of our mission to become a trusted financial partner in the lives of our members. In 2017, we sponsored and provided over 100 educational workshops to help members of our community buy homes, finance college, establish or repair credit, create a personal budget and save money. Additionally, over 1,300 of our members took advantage of calling the free financial counseling service we provide.
Over the next two years, we will be reinvesting the success we have enjoyed by upgrading or replacing a number of our systems with state-of-art technology. The goal of this effort is to enhance member outreach, convenience and service. We will be replacing or upgrading the systems that support how our members apply for loans, open accounts, and manage their finances online. These upgrades will provide a quicker, more convenient experience for members; as well as enabling mobile accessibility that puts HUECU benefits at your fingertips.
Thank you for your support. As we strive for another year of exceptional growth, we will continue to focus first and foremost on serving our members with quality and integrity.
Gene Foley, President & CEO