Though there have been some indications of positive movement, we all know the economic recovery will take some time. However, even though the economy is still struggling, your credit union is doing well. We have significantly increased our membership since the beginning of the year; that means many more Central Floridians are getting help from their Money Coach and finding solutions to their financial difficulties.
In addition, our financial outlook is strong. Our deposits and loans have continued to increase dramatically. And while we have delinquency and charge-offs like every other financial institution, our numbers are significantly lower than most which indicates we are still making sound lending decisions.
As a matter of fact, we were awarded a Five-Star rating from Bauer Financial, Inc. Bauer Financial is an independent organization that has been providing analysis and reporting on the financial services industry since 1983. The rating takes into consideration capital, historical trends, loan delinquencies, market value of the investment portfolio and many other criteria. Our Five-Star rating, the highest rating awarded, indicates we are safe and financially sound.
We are on the road to recovery. And we believe if we continue to work together, we will weather the storm. We are proud to know Insight Financial is helping our members face these challenging times and providing real solutions. We encourage you to tell your friends and family about Insight Financial so we can share the credit union difference with them as well.
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