Cooperative Federal's 2011 Annual Report is here!
For a short-and-sweet look at our work over a longer period of time, also check out our Community Impact Summary 2006-2011.
Our credit union overcame challenges and made significant progress in 2011. While the global financial meltdown of 2009-2010 left us battered, we were not defeated. We continued to implement plans to restore profitability, and though we still had a loss for the year, we began to see positive earnings each month starting in September. Our financial performance improved by $173,065 over 2010, and by $297,901 over 2009.
Meanwhile, we maintained our commitment to providing fair, community-based access to accounts, loans, and financial education & counseling. Get the details -- and hear from some of the people whose lives have been changed by the credit union -- in our 2011 Annual Report.