President's Report 2024
89th Annual Meeting President’s Report
First & foremost, I want to express my sincere appreciation to our members, who have placed their trust in us & made CWCU a successful financial institution in this area. Our growth & success would not be possible without your unwavering support & loyalty.
Over the past year, you have most likely seen some new faces around both offices. Cheyenne Ziska at out Plover Location & Michele Weis at our Stevens Point Location. Both have been great fits for each of their respective offices. Now for some 2024 financial news. CWCU’s loan portfolio finished 2024 with just north of $30M in loans. CWCU’s Net Capital Ratio rose from 9.34% at the end of 2023 to 10.19% at the end of 2024. In 2024 CWCU’s Board of Directors gave back a total of $411,166 back its members (Doubled Dividends Earned for The Year) & lenders (30% of interest paid on loans with CWCU). This was the largest return in the history of Central Wisconsin Credit Union!!
As CWCU embarks on its 90th year, we are poised for continued growth and success. Our focus on member satisfaction, financial stability, and community engagement will remain priority number 1. We are excited about the opportunities that lie ahead. Including Credit Card balance transfer promotions which were kicked off in Feb. 2025 & natural re-issue of credit cards to contactless cards in 2025 & 2026.
In closing, I would like to express my gratitude to our members, dedicated staff, and the Board of Directors for their continued support & loyalty. Together, we have built a strong and resilient financial institution that is truly member owned and member focused. Let's make 2025 the best year yet!!!
Thank you for your trust in Central Wisconsin Credit Union
Sincerely,
Nick Helbach
CWCU President
