A Message from the CHAIRMAN AND PRESIDENT/CEO
In 1953, KBR Heritage FCU founders started the credit union with the vision of helping each other on their financial journeys. As we reflect on 2022 and look to the new year, we’re proud that our purpose remains the same: helping our members on their financial journeys every step of the way. 2022 did not pass without its challenges. Inflation and rising interest rates affected us all. As we look ahead to this new year, we know many are still feeling economic uncertainty. Please know that whatever the economy may bring, your financial well-being remains our focus. With potential storm clouds on the horizon, you can also rest assured that your credit union is well-prepared to face them. Through your loyal support, KBR Heritage FCU ended 2022 with a net worth of 17.2%, well above what regulators consider to be “well-capitalized.” In 2022, the Credit Union funded 709 consumer loans totaling over $10 million and 15 mortgage loans for more than $5 million for our members. With a strong asset base and net worth to support us, KBR Heritage FCU will remain measured and methodical in our approach to any upcoming economic turbulence, just like we weathered the 2008 recession and 2020 Covid-19 pandemic. We will continue to keep our members’ needs – your needs – at the forefront. As we reflect on the past and look to the future, we’re excited to continue to help our members work toward their financial goals. We know that when our members are doing well financially, our Credit Union is doing well too! Thank you for trusting us as your financial institution.
Respectfully submitted, Bill Simister, Board of Directors Chairman Regina Lancaster, President/CEO
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