Annual Report 2016

Posted on Feb 22, 2017

2016 was an incredibly successful year for your credit union. Our 75th anniversary year concluded with Notre Dame FCU earning a profit of $2,667,183, while at the same time “giving back” at levels never before possible to our members, partners and the communities where we live, work and play.

Through our cash back auto and mortgage loan programs alone, we returned over $556,000—a record high—to our members. We also donated over $115,000 to a large number of charities in the greater Michiana community, which was also a record high for us.

Many other accomplishments were achieved during 2016. Our Board of Directors voted to raise the Notre Dame FCU minimum wage to $13.50/hour and to eliminate the two-tier PTO (Personal Time Off) system which had previously provided management staff with more time-off than their non-management counterparts. We also approved the construction of a fresh and expanded branch in the new Martin’s Supermarket, built on the corner of Western Avenue and Mayflower Road in South Bend. We were proud to launch Irish Card Shield—a protective measure providing our members the ability to control their cards—turning on and off their debit and credit card functions with customized selectivity.

In August, we awarded 12 scholarships—our highest number ever—to Notre Dame FCU members, and we continued to provide and support financial literacy for our members through our bilingual Dave Ramsey Financial Peace course offerings.

Notre Dame FCU took the lead in forming the Catholic Credit Unions of America (CCUA) Association. The CCUA is dedicated to deliver mutual support to approximately 100 Catholic-oriented credit unions in the United States. Since its creation, we have already assisted many smaller Catholic credit unions with auto loan participations, mortgage participations and various best practice techniques relating to compliance, accounting and information technology services.

It was a good year—we achieved these stellar results while continuing to build the infrastructure for future growth and continued innovation. Our cooperative nature means that we are committed to go beyond simply meeting the financial needs of our members. Each of our partners strives daily to give back to our members and help the area communities where we serve.

Because of your support, we were enabled to succeed with each of these accomplishments this year. Your patronage allows us to make these kind of investments in our members, partners and communities. Yes, because of our family of members, we have again demonstrated together, “Where You Bank DOES Matter”!

As always, if you have any questions, suggestions, comments or complaints, please do not hesitate to contact me at [email protected].

Thanks again for being part of our credit union family!
Thomas J. Gryp, President/CEO
Class of ‘79

Download the 2016 Annual Report

General Feb 22, 2017

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