Members, staff and directors gathered on Tuesday, June 28, 2022 for CORE Credit Union annual meeting. The meeting was held in the Homebuilders of Statesboro building.
The members were presented with financial information in which showed CORE again had another banner year serving their members in Bulloch, Chatham and surrounding counties.
CORE has continued to grow, adding over 425 new members for the year ending June 30, 2021. From April 1, 2021 to March 31, 2022 a total of 1,370 people opened new memberships with CORE. During this same period, a total of 953 checking accounts were opened and they funded 1,886 loans totaling over $35.7 million dollars to help their members achieve their financial goals. The asset size of the Credit Union increased 6% from $123 million to $130.5 million and the Credit Union is now approaching 13,000 active members throughout the Coastal Empire.
"At CORE Credit Union our philosophy continues to be “Win, Win, Win”. In simple terms this means when we make a decision that will affect the direction of the organization three things are considered: Do the members win? Does the institution win? Do our employees win," said Robert (Bob) Clampett, CEO of CORE Credit Union. "If we can answer yes to all three questions then we know we are making the right decision for the organization. This basic approach continues to work as Credit Union continues to grow and prosper."
Even with the rapid growth they have experienced, CORE Credit Union remains true to its credit union mission. As Bulloch County’s only locally owned financial institution, CORE prides itself on their commitment to inclusiveness and diversity and welcomes all people to become a part of the financial cooperative.
"Switching financial institutions is not always an easy task, so such growth is indicative of the value provided by CORE. Our service channels continue to mature allowing us to meet members where they are, said Joe Ruhland, Chairman of CORE Credit Union's board of directors. "Our Virtual Branch fields over 3,000 member calls per month with an average wait time of only 25 seconds. This is best in class. Our lobbies are open and fully operational while appointments are still available for those who prefer them."
Between ATM deposits and remote deposit capture (allowing you to deposit checks via a photo taken in the app) almost $2 million dollars have been deposited just in the first half of this year without needing to walk into the branch. According to a Credit Union National Association (CUNA) estimate, CORE provided over $783,000 in direct financial benefits to our members during the 12 months ending in December 2021. That’s more than double this number from last year.
You can watch the entire meeting below:
Dr. Joe Ruhland LSCU Director of the year
Dr. Joe Ruhland was recognized by the League of Southeastern Credit Unions (LSCU) which includes Alabama, Florida and Georgia director of the year for the State of Georgia one of highest awards presented by the organization. Dr. Ruhland was presented the award by CORE CEO and LSCU Board Secretary Bob Clampett.
Board Members Elected
During the meeting they held an election of the board of directors. Jill Boykin and John Tucker were re-elected to the CORE Board of Directors.
Retiring Board Members Recognized
CORE board of directors Mary Baggett and Spencer Beckum were both recognized for their service to CORE's board. Baggett and Beckum are retiring from the board. Beckum was the longest serving board member with 35 years of service.
