Chairman's Report
FOR YEAR 2021
On behalf of the entire Capital Area Team, I want to extend a heartfelt welcome to your annual meeting, reporting for 2021.
When the economy was moving right along, we were hit by a global pandemic. There is uncertainty in many sectors such as hospitality, travel and leisure and small businesses. We also have uncertainty with the economy and the state of the government. I won't lie, it has been rough sailing through the unknown for the last 3 years of COVID-19, but your credit union has and will continue to weather this storm. We remain strong, safe and sound.
We have a healthy financial outlook and to date our delinquencies are at low levels which indicates sound lending practices and our close relationships with our members.
2022 has started off strong even with the Pandemic. I hope you and your families continue to stay safe and healthy and know Capital Area will continue to be here for you. We know that you have many choices in financial institutions, and we are honored that you have chosen Capital Area.
My sincere thanks to the entire Board of Directors, Supervisory and Nominating Committees, Management, and Staff for all your dedication and hard work.
Sincerely,
Thomas Doore Chairman