MANCHESTER, N.H.-- The nation’s first credit union held its 106th Annual Shareholder meeting on April 21 at its headquarters, where financial results were shared and other updates provided. That includes an update to its core computer system this fall.
Among the 2014 highllights:
- $700 million in overall deposits, a 6.5% increase over the previous year.
- $676 million in loans, an increase of more than 17%.
- $378.5 million in new mortgage, consumer and commercial loans
- St. Mary’s Bank ended 2014 with $814 million in assets.
Gina Balkus, chairman of the board, presided over the meeting. She introduced Elizabeth Hitchcock, who joined the board upon her election to a one-year term. Other voting results included the following.
Elected to a three-year term as Director of St. Mary’s Bank were Joseph Fremeau, Ronald Rioux, and Suzanne Vachon. Elected to a one-year term on the Supervisory Committee were Guy Chapdelaine, Craig Donais, and Robert Duval. Elected to a one-year term on the Credit Committee were Stephen Grzywacz, Daniel Healy, Ronald Rioux, and Suzanne Vachon.