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history [2014/04/25 08:05]
Allen Eckers
history [2015/03/02 10:06] (current)
Allen Eckers
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Members of Credit Unions were required to have a common bond, in our case, membership in the Cooperative Fire Insurance Company.  Since the Insurance Company originally only conducted business in the counties of Sullivan, Orange, Ulster, Delaware and Greene, this became part of the requirement for membership along with holding an insurance policy.  Those requirements still exist today.  Some time later we received approval to expand our field of membership to include employees of Associated Mutual Insurance Cooperative and small business employment groups. Members of Credit Unions were required to have a common bond, in our case, membership in the Cooperative Fire Insurance Company.  Since the Insurance Company originally only conducted business in the counties of Sullivan, Orange, Ulster, Delaware and Greene, this became part of the requirement for membership along with holding an insurance policy.  Those requirements still exist today.  Some time later we received approval to expand our field of membership to include employees of Associated Mutual Insurance Cooperative and small business employment groups.
-In 2011 we celebrated 75 years of success.  Over the years we have made in excess of $57,000,000.00 in loans. Of that amount, only $47,266.10 was charged off.+In 2011 we celebrated 75 years of success.  Over the years we have made in excess of $61,000,000 in loans. Of that amount, less than 0.2% has been charged off.
A tradition started many years ago, the Annual Meeting-Luncheon of the members, still continues today, but has been changed to a dinner.  Held in May every year, it has been referred to as the start of the social season in Sullivan County.  Our membership looks forward to gathering with their neighbors to review the business of the past year, elect the members to our board, and enjoy our success and longevity.   A tradition started many years ago, the Annual Meeting-Luncheon of the members, still continues today, but has been changed to a dinner.  Held in May every year, it has been referred to as the start of the social season in Sullivan County.  Our membership looks forward to gathering with their neighbors to review the business of the past year, elect the members to our board, and enjoy our success and longevity.  
history.txt · Last modified: 2015/03/02 10:06 by Allen Eckers