Annual Reports

After two years of economic boom, our loan volume has slowed. This reduction in loans has proven to be a blessing in disguise as our staff has working hard to transition and learn our new core computer upgrade. This upgrade is set to go live in 2024.

Our credit union continued to build on its growth from the previous years and reached a new record in asset growth. Most of this growth can be attributed to our ability to provide loans for vehicles and homes for our members. Plus, we embarked on a journey to find a new core computer system that will improve efficiencies, increase security, and add more functionality. We will spend 2023 and 2024 making the upgrade as frictionless as possible.

While the ill-effects and uncertainty caused by the Coronavirus pandemic carried from 2020 through 2021, your credit union persevered, undeterred. For Partners 1st Federal Credit Union, the year was quite remarkable.

The year of the pandemic - 2020. We can only hope that in our lifetime, we can always refer to it as “the pandemic.” We need not experience more than one. To say that the year was a challenge would be an understatement. The good news is your credit union emerged from the challenge stronger than ever.

The year of 2019 was one focused on building. Following the merger and data conversion, we made building a focus here at Partner's 1st. Taking the now larger organization and adding necessary resources and infrastructure was paramount. To that end, we placed our attention in a couple of areas: software and facilities. Nearly all departments were impacted.

During 2018, we worked hard to provide a smooth consolidation of Partners 1st Federal Credit Union and General Credit Union. The merger in late 2017 was not fully completed until the data conversion on April 1, 2018. The staff worked tirelessly to ensure a seamless data conversion for our newest members. We are pleased to report that their efforts were very successful.