Annual Report

2014 Annual Report

2014 Board of s Annual Meeting Agenda Call to Order & Declaration of Quorum Invocation and Pledge of Allegiance Appointment of Parliamentarian Edward C. Hilliard Chairman James A. Kidd Vice Chairman John A. Jones Treasurer Chairman s Welcome & Introductions Minutes of the Previous Meeting Video Presentation Message from the Chairman Message from the President/CEO Mary S. Edenfield- Gibbs Secretary Kenneth L. Babbitt Jackie D. Cleghorn Unfinished Business New Business Election Update Prize Drawings Adjournment Donald R. Hanson Harold J. Sawyer Michael D. Parker

A Message from the Chairman & President We are excited to report that 2014 proved to be another strong year for Robins Federal Credit Union. It is because of you, our dedicated members, that we are able to continue to grow and look for ways to provide Better Banking for Everyone. Thank you for your continued loyalty and trust. On behalf of our staff, management team and Board of s, I want to thank you for making us your trusted financial partner. Thank you for your membership and we look forward to continuing to serve you and your family in 2015. Product and service enhancements were at the top of the list for 2014. We updated and improved our Online Banking, Mobile Banking, and Bill Pay platforms, providing you with increased security, new features, and self-service options. We would like to thank you for your patience during this conversion as we know these changes caused some inconvenience. In 2015, our focus will continue to be on providing quality financial products and services, great rates and helping you achieve financial success. From our members to the community, we will continue to look for ways to make a difference in the lives of those we serve. Edward C. Hilliard Chairman John R. Rhea President/CEO

Serving Our Community In 2014, your credit union donated over $200,000 to 170 groups and worthy initiatives. Robins Federal staff pledged over $41,000 to the United Way of Central Georgia during our annual fundraising campaign. 50 care packages were prepared for troops deployed overseas during the holidays and 45 care packages were created for Meals on Wheels to deliver to clients on Christmas day along with a hot meal. For the 18th consecutive year, Robins Federal awarded 5 High School Seniors with scholarships to college. Since it began, this program has allowed us to invest over $270,000 in the future of our young members. Two blood drives for the American Red Cross we held, which helped save over 180 lives. Over 140 employees participated in the American Cancer Society s Relay for Life and raised over $36,000. By hosting 8 Free Shred Day events, Robins Federal helped members securely shred over 30 tons of paper. Our SWAG Patrol continued their mission to surprise people in the community with random acts of kindness. From buying someone s groceries to paying for their gas, this program has invested close to $12,000 through random acts of kindness.

Supervisory Committee Report Supervisory Committee Robins Federal Credit Union s financial reporting process is routinely reviewed to verify our members best interests are being served. This responsibility is held by the Supervisory Committee. We continuously oversee the financial statements of the credit union and authenticate internal controls and operations are in compliance with the National Credit Union Administration. Don Jarzynka Chairman In 2014, CPA firm Nearman, Maynard, Vallez CPA & Consultants, P.A. and federal examiners with the National Credit Union Administration (NCUA) conducted outside audits. Both organizations reported that Robins Federal Credit Union continues to be financially strong, stable and extremely well-managed. It is with great satisfaction to report that Robins Federal Credit Union continues to hold the highest net worth rating given by the NCUA of well-capitalized. In addition, I am happy to note all members accounts remain secure and insured up to at least $250,000 by the NCUA. Barry Brown The high standards and fiscal soundness of Robins Federal Credit Union resulted in more than $8.5 million in dividends paid to members in 2014. As we head into 2015, we are eager to maintain this kind of service, security, and banking value to all our members. Ken Babbitt

Statement of Financial Condition ASSETS 2013 2014 Loans $977,539,726.40 $1,064,839,451.91 Less: Allowance for Loan Loss $(7,856,351.58) $(8,374,073.77) Cash $15,906,505.04 $28,716,638.79 Investments $749,835,086.75 $757,496,950.95 Fixed Assets $24,679,542.65 $24,260,726.79 Other Assets $73,144,638.70 $86,168,676.55 Total Assets $1,833,249,147.96 $1,953,108,371.22 INCOME & NON-OPERATING INCOME 2013 2014 Loan Interest Income $45,611,598.16 $46,797,772.30 Investment Income $9,797,998.96 $10,351,998.67 Other Income $29,803,168.86 $32,671,335.13 Total Income $85,212,765.98 $89,821,106.10 LIABILITES Member Deposits $1,563,167,028.81 $1,634,974,402.35 Dividends Payable $146,875.89 $143,057.05 Accounts Payable $8,015,519.36 $9,486,846.22 Other Liabilities $6,506,386.77 $8,290,459.59 Total Liabilities $1,577,835,810.83 $1,652,894,765.21 MEMBERS EQUITY Regular reserve $12,679,007.52 $12,679,007.52 Undivided earnings/ other reserves $242,734,329.61 $287,528,626.54 Equity Acquired in Merger $0 $5,971.95 Total Member s Equity $255,413,337.13 $300,213,606.01 Total Liabilities & Members Equity $1,833,249,147.96 $1,953,108,371.22 EXPENSES Dividend Expenses $7,487,704.54 $8,546,979.25 Provision for Loan Loss $4,054,204.43 $5,194,518.16 Employee Compensation and Benefits $20,472,452.51 $21,613,045.92 Other Operating Expenses $16,740,439.03 $18,150,857.88 NCUSIF assessment $1,239,441.47 $0 Total Expenses $49,994,241.98 $53,505,401.21 Net Income $35,218,524.00 $36,315,704.89 Total Members 152,748 159,049

Historical Growth DEPOSITS ASSETS 2014 $1,634,974,402.35 2013 $1,563,167,028.81 2012 $1,487,841,953.74 2011 $1,369,401,234.92 2014 $1,953,108,371.22 2013 $1,833,249,147.96 2012 $1,741,519,796.30 2011 $1,592,252,120.21 LOANS MEMBERS 2014 $1,064,839,451.91 2013 $977,539,726.40 2012 $882,943,132.85 2011 $844,340,585.41 2014 159,049 2013 152,748 2012 146,252 2011 140,372 2014 Highlights 2014 Highlights Member Deposits grew $71,807,373 or 4.59% Robins paid out over $8.5 million in dividends to members Loans increased by $87,299,725 or 8.93% 747 members received a new mortgage loan with balances totaling $94,069,375 Assets grew $119,859,223 or 6.54% 25,621 loans were granted in 2014 totaling $456,097,465 Membership increased by 6,300 Opened 15,915 new checking accounts

SIXTY ANNUAL MEETING of the Membership CALL TO ORDER The Sixtieth Annual Meeting of the members of Robins Federal Credit Union was called to order by Chairman Johnny Jones at the Robins Federal Credit Union Learning Center on March 13, 2014, at 6 p.m. Chairman Jones declared a quorum present. Mike Parker offered the invocation and led the attendees in the Pledge of Allegiance. Chairman Jones appointed Kirby R. Moore as Parliamentarian for the meeting. Chairman Jones welcomed all in attendance and introduced the following Board of s: Ken Babbitt, Mary Edenfield-Gibbs, Jim Kidd, Jackie Cleghorn, Dr. Mike Parker, Secretary Donald Hanson, Treasurer Ed Hilliard, Vice-Chairman Harold Sawyer; Attorney Kirby Moore, Executive Office Administrator Vickie Collins, and President/CEO John Rhea. APPROVAL OF MINUTES ROBINS FEDERAL CREDIT UNION WARNER ROBINS, GEORGIA Chairman Jones called for any changes to the minutes of the 2012 Annual Meeting. There being none, the minutes were approved as presented. PRESIDENT S MESSAGE President Rhea reviewed the 2013 financial accomplishments of Robins and presented the strategic goals for 2014. He also reviewed the financial benefits that Robins provides to the members. UNFINISHED BUSINESS Chairman Jones called for any unfinished business. There was none. NEW BUSINESS Chairman Jones then called for any new business. Mr. Barry Smith requested the branches keep copies of old CU Bulletins for 6 months. Mr. Rhea referred the member to our Senior Management Team to discuss this further at the end of the meeting. Mr. Richard Alexander expressed his concern about the Perry Branch ATM being down when he tries to use it. Mr. Rhea referred the member to Mrs. Christina O Brien to review the details and help diagnose the problem. ELECTION Chairman Jones reported that the Nominating Committee submitted the names Dr. Mike Parker, Jim Kidd, and Kenneth Babbitt for the 3 year term vacancies. There were no nominations by petition. Therefore, those nominated by the committee were appointed. PRIZE DRAWINGS President Rhea announced that prize drawings totaling $3,800 in cash would be given away and commenced with awarding the prizes as the numbers were drawn. ADJOURNMENT Chairman Jones adjourned the meeting at 6:36 p.m. Johnny Jones Chairman Donald Hanson Secretary ORDER OF BUSINESSS CHAIRMAN S MESSAGE Chairman Jones introduced a video presentation of the 2013 highlights.

Branch Locations Athens 2636 Atlanta Highway Byron 233 Highway 49 (ATM only) Forsyth 76 East Johnston Street Fort Valley 960 Bluebird Boulevard Gray 287 West Clinton Street Macon 4245 Log Cabin Drive 4066 Hartley Bridge Road 5999 Zebulon Road 577 Mulberry Street, Suite 100 2930 Riverside Drive 3096 Riverside Drive (ATM only) McRae 10 Hunter Avenue Milledgeville 2584 North Columbia Street Perry 321 Perry Parkway Robins Air Force Base Building 646 and 20166 Building 91 and 125 (ATM only) Commissary Building 660 (ATM only) Swainsboro 335 South Main Street Warner Robins 803 Watson Boulevard 853 North Houston Road 502 South Houston Lake Road 901 Highway 96 104 Feagan Mill Road (ATM only) www.robinsfcu.org 478.923.3773 800.241.2405 Federally insured by NCUA. Contact the credit union for membership details.