SCFCU Holds 95th Annual Meeting

St. Cloud Financial Credit Union held its 95th Annual Meeting on April 15 with SCFCU members, Board of Directors and Supervisory Committee members in attendance at the Park Event Center in Waite Park.

Board of Directors Chair, Randy Schreifels, began the meeting by calling it to order while approving the minutes from the last annual meeting and offering a report of the Board of Directors. Supervisory Committee Chair, Charles Foster, followed that by providing a report of the Supervisory Committee.

SCFCU Chief Financial Officer Franco Cusipag then went into detail on the financial trends of the credit union over the past year and the positive outlook of SCFCU’s financial situation.

Jed Meyer, President and CEO of SCFCU, followed Cusipag by looking back on the past year and offering insight on some things for members to see from SCFCU in the coming year. Meyer then thanked the members in attendance as well as the dedication of SCFCU staff, the Board of Directors and the Supervisory Committee, while reiterating SCFCU’s commitment to making a meaningful difference in the lives of our members and within the communities we serve.

“Our mission at St. Cloud Financial Credit Union is simple: to make a meaningful difference for all. Our mission goes beyond banking, beyond the transactions of the job, and we want to focus on human connection and making a meaningful difference,” Meyer said. “Through all the challenges, we have not only survived but have thrived. No matter what the future brings in changes, growth, or success, my promise is that we will never lose sight that our members are the reason we are here.”

“We believe that when our community is stronger, our members are stronger. And when our members are stronger, our credit union is stronger,” Meyer continued. “I want to say thank you to you, our owners and members. None of this is possible without you. You are what makes this happen.”

The conclusion of the Annual Meeting included the announcement of the re-election of three members of the Board of Directors: Rick Wurst, Sony Lubrecht and Sarah Maier.

The full 2024 Annual Report can be seen by visiting scfcu.org/news/2024-annual-report.