2005 Sample Annual Meeting Speech For CEO

2005 Sample Annual Meeting Speech for CEO
Good morning/afternoon and welcome. On behalf of the management and staff, I

thank you for your participation in our credit union. It is because of your trust and
involvement that our credit union is able to thrive and provide so many important
benefits not only to our members, but also to our community.
Now, it is my privilege as your president and CEO to provide a state of our credit
union address at the (enter anniversary year) annual meeting of (insert name)
CREDIT UNION.
Let us begin with a year in review. 2004 was a significant year, not just for our
credit union but also for our state and nation. In addition to the headlinegrabbing presidential election, the credit union movement weathered the first
round of banker attacks. As you may or may not know, bankers across the
country have launched a very well organized and well-funded effort to tax credit
unions. They are looking for every opportunity on the federal and state levels to
persuade lawmakers that your not-for-profit credit union ought to be taxed. We
must make sure our elected officials know that a tax on our credit union is a tax
on us. And we must make sure they understand the difference between credit
unions and banks. Just what are some of those differences?
Credit unions are not-for-profit financial cooperatives. As you know, we

exist to serve our members, not to make a profit. We return our earnings
to you our members through lower loan rates, higher interest on deposits
and lower fees for your financial services.
Credit unions do pay some taxes payroll taxes, sales taxes and
property taxes but are exempt from federal income taxes because of
our member-owned, not-for-profit status and our mission of meeting the
financial needs of consumers, including those of modest means.
Credit unions are an economic democracy, where every member has one
vote and every member is an owner, regardless of how much money they
have on deposit.
Credit unions are governed by a volunteer board of directors, elected by
and from the membership.
Credit unions provide valuable financial education to their members and
lead efforts to improve the financial literacy of our young people to help
them develop good habits that will last a lifetime.
Credit unions exist to help people, not make a profit. Its our people-first
philosophy that motivates us to work hard and provide better services all
the time for you our members.
As part of that effort, we achieved several important goals we had set out for our
credit union this past year. (HIGHLIGHT YOUR ACCOMPLISHMENTS HERE.
RECOGNIZE OURSTANDING VOLUNTEERS AND STAFF THAT HELPED

ACHIEVE THOSE GOALS)
Again, as your credit union, we are constantly striving to do better so that we can
help your family, your friends and your neighbors achieve their dreams.
It is our people helping people philosophy that also inspires us to make a
difference in the community, whether through financial education programs (OR
INSERT YOUR OWN EXAMPLES) and charitable activities such as (INSERT
YOUR CHARITABLE ACTIVITIES).
Our accomplishments would not have been possible without the heartfelt
commitment and unified effort of our dedicated credit union staff, volunteers,
board of directors and committees. Their passion is truly inspiring, and I am
continuously moved by their steadfast desire to serve the credit union movement.
I thank them for their continuous commitment and I thank you, our member, for
having the confidence in these individuals who help drive the success of your
credit union.
Perhaps it is this dedication to people that is reflected in customer satisfaction
surveys. When it comes to overall satisfaction, I am happy to report that credit
unions continue to outpace the competition for the 20 th consecutive year!
According to the American Banker/Gallup 2004 Consumer Survey, credit unions
ranked first among financial institutions in customer satisfaction...again. Of those
polled in the 2004 survey, 73 percent who use credit unions as their primary
financial institution said they were very satisfied with the services they receive,
up from 63 percent in 2003. That compares with a 59 percent customer
satisfaction for thrifts and a 58 percent satisfaction rating for banks. And credit
union members place more trust and confidence in their credit unions than bank
customers do in their banks, according to the same survey. I just hope all of you
feel that way about YOUR credit union!
As we embark on this New Year ahead, we will not rest on our laurels. Here is a
glimpse at some of the goals and opportunities we are pursuing:
(HIGHLIGHT NEW SERVICES, NEW BRANCHES, EXPANDED PROGRAMS
YOU HAVE PLANNED FOR 2005)
Even as we grow, we will keep our focus on doing whats right. We will continue
to provide more services and more convenience for our members. We will seek
to help more people in our community get on solid ground through financial
education and our charitable activities. And through it all, we will continue to
focus on people first.
Its what makes your credit union different. Its what makes us strong.
Thank you for being part of our credit union family. On behalf of the entire staff,
we look forward to a happy and successful 2005 for us all!

2005 Sample Annual Meeting Speech For CEO

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What were the credit union's accomplishments in the past year?

What are the differences between credit unions and banks?

2005 Sample Annual Meeting Speech for CEO

Good morning/afternoon and welcome. On behalf of the management and staff, I

Credit unions are not-for-profit financial cooperatives. As you know, we

RECOGNIZE OURSTANDING VOLUNTEERS AND STAFF THAT HELPED

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