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Taylor Credit Union holds 73rd Annual Meeting

Taylor Credit Union held its 73rd annual meeting on Saturday, March 2, 2024 at the Centennial Community Center in Stetsonville, with 106 registered members in attendance. Chairman Mike Handel reported that at the end of 2023 the credit union’s assets were $77,177,912 and that loans were $50,170,685. There are now 7,577 members who have a total savings of $68,628,935. Member savings are federally insured up to $250,000 by the National Credit Union Administration. Chairman Handel noted that the credit union has a strong net worth of 9.63%. Taylor Credit Union’s field of membership is open to “everyone residing or employed within Taylor, Clark, Price, Lincoln and Marathon counties and a 25 mile radius of the City of Medford.” He highlighted the partnership to add investment services for the members and other product changes. He encouraged members to open a Saver’s Sweepstakes savings account which awards money through monthly, quarterly and statewide cash prize drawings.

President Dan Krause spoke about the credit union’s focus on financial well-being. Clarifying what the ALICE threshold means in terms of cost of living. He spoke on how Wisconsin credit unions have been helping the underserved through refinancing payday loans and granting low money loans to low or no credit members. He shared that the credit union’s 8th Annual “March Into Reading” event had kicked off this month to support the Taylor County Literacy Council. He thanked the members for their loyalty to the credit union.

Special guest speaker was State Representative James Edming. He spoke briefly about the importance of credit unions.

Informational booths were on display for the membership pertaining to Financial Elder Abuse; Home Loan, Certificate, and Credit Card Promotions; our “March Into Reading” campaign; and Taylor Investments. Lunch was served and enjoyed by those in attendance