Welcome to the 2022 White Sands FCU Annual Meeting thank you for taking a proactive interest in your credit union.

Every person in America and every financial institution has had to face the challenges of the COVID-19 pandemic for the past two years. Your health and safety, and the health and safety of our staff, are important to us, so in 2020–21 we enacted certain protocols to minimize everyone’s exposure while ensuring you have access to your money and our full array of services whenever you need them. Remember, White Sands FCU has a variety of online capabilities that minimize your need to visit us in branches unless necessary.

As your financial first responder, your credit union went to great lengths to help members and our community through the most challenging two years in modern times. Because that’s what we’re here for your financial well-being.

As a result of our cooperative business model, we're able to return profits to our members in the form of competitive rates, new products, enhanced services, and additional points of service to make it easier for you to reach your financial objectives. Our highest and best purpose in serving you includes some of the following:

• Our commitment to serving our community where we can make the greatest impact. In 2021 our employees donated over $7,000 of their own money to local non-profits.
• Our disciplined approach to taking care of our membership is key to maintaining a solid core of members that we care so much about. Performance stems from our values of service, loyalty, honesty, and integrity. Little things such as opening the doors on time and answering the phone when you call are very important to us and will remain that way because it makes us different from the other organizations.
• Our commitment to offering more and better resources that ensure our members are using the safest, most secure, and most convenient technology available.

July 2022, marks the 70th Anniversary of White Sands FCU. From humble beginnings almost 70 years ago, White Sands FCU has turned into a modern, full-service financial institution with $397,549,036 in assets, serving our 27,506 members.

• White Sands FCU continues to be a well-capitalized financial institution, with a strong net worth ratio of 9.37%.
•  In total, our members have added $35,857,789 to their deposit accounts since 2020.
• You, the member-owners of this institution, have borrowed more than $184,600,000.
• Delinquencies remained low at 0.02 percent. This reflects the competitive rates we’re able to offer and the assistance we were able to offer our members.

We are proud of how far we've come, and I know our many accomplishments would not have been possible without the ongoing energy, optimism, and commitment of everyone involved in the operation of this credit union. Because of the work we've all done together, this credit union is doing very well, despite the pandemic and certain lingering economic challenges.

We wouldn't be the award-winning credit union that we are without you our members. We thank you for trusting us as your financial institution and we will continue to be your Local LOCAL credit union for many more years to come. We will continue to provide the responsive service that has been the hallmark of White Sands Federal Credit Union since 1952. Thank you again for being a valued member of the White Sands FCU family and for celebrating this significant milestone with us.

Sincerely,

William Jacobs | President & CEO

Horace J Randall | Chairman of the Board