FCCU Announces Annual Meeting 2019
Contact: For Immediate Release: May 3, 2019
Director of Marketing
Fort Community Credit Union Annual Meeting on Tuesday, May 21st ensures local
people benefit from their banking. Gathering will celebrate how members- not outside
investors- benefit from owning their local financial institution.
Jefferson, WI- When Fort Community Credit Union (FCCU) holds its annual Meeting at 4:00
p.m. on May 21st in the Puerner Room in the Jefferson FCCU Branch, it won't be just a few
investors sizing up their profits. It'll be a wide diversity of local neighbors celebrating the
savings they receive by owning a financial institution where they borrow and save.
That's because credit unions, which are not-for-profit financial institutions owned by its
member-owners, return profits to all of their accounts holders in the form of lower rates on
loans, higher returns on savings and lower and fewer fees. In 2018, Fort Community Credit
Union provided $1,715,368 in direct financial benefits to its 20,297 members according to the
Credit Union National Association. These benefits included charging less for loans, paying
more on deposits and charging fewer/lower fees compared to banking institutions.
Giving all members a say ensures that the credit union's practices and policies favor
members- a concept that's grown important to consumers disgruntled by the typically high
cost of banking.
“With credit unions, if you have an account with us, you are a member-owner, regardless of
how much you have on deposit,” said Sue Johnson, CEO of FCCU. “Unlike for-profit
institutions, credit unions are not for profit, but for service. Our Board of Directors consists of
volunteer members that are voted on by our membership at our annual meeting.”
Collectively, Wisconsin Credit Unions returned more than $1 billion to consumers since the
start of the Great Recession in 2007. The Scorecard for Wisconsin Credit Unions- at
www.theleague.coop/scorecard- explains more.
About FCCU: Established in 1940, FCCU is a member-owned financial cooperative open to
anyone living or working in Dane, Dodge, Jefferson, Rock, Walworth or Waukesha counties,
any employee of this credit union and any member of the immediate family of any other
eligible person. Fort Community holds $235 million in assets and has more than 19,000
members. For more information, visit www.fortcommunity.com or call (920)563-7305.