2019 Annual Report

Since 1936, SELCO Community Credit Union has been dedicated to helping our member-owners achieve their good life goals. Our members’ patronage has in turn fueled our own success, further reinforcing our commitment to exceptional financial value, industry expertise, and the highest level of service.

2019 SELCO Community Credit Union membership and loan growth

2019 Highlights

Thanks to the ongoing loyalty of our 142,000 members and 378 associates, SELCO closed 2019 with over $1.7 billion in assets, $1.3 billion in loans, and $1.5 billion in deposits. In addition to this financial growth, SELCO’s accomplishments included:

  • Thurston Branch's move to a sleek, modern, and vibrant space in East Springfield.
  • The launch of text-messaging capabilities for more streamlined member communications.
  • The creation of our Employee Volunteer Program, providing our associates paid hours to volunteer at nonprofits of their choice.
2019 annual report graphic

2019 Annual Report

The 2019 Annual Report comprises the Chairperson's, President's, and Treasurer's Reports. Together, these reports demonstrate the credit union's Safety and Soundness, Operating Efficiency, Quality Personal Service, and High Return to Member—four guiding principles that are the foundation of SELCO's mission to improve our members’ social and economic position.

The 2020 Annual Business Meeting was held via teleconference on Tuesday, April 28, at 4:45pm. Please note: For efficiency and compliance, this meeting was limited to the following agenda:

  • Welcome
  • Call to Order
  • Confirmation of Quorum
  • Approval of the 2019 Annual Business Meeting Minutes
  • Chairperson's Report
  • President's Report
  • Treasurer's Report
  • Supervisory Committee Report
  • Nomination Committee Report
  • Elections
  • Adjournment of Meeting