Annual Reports
2010 Annual Report
The year 2010 was certainly a challenging one.This whirlwind effect was aided in part by all of the outside forces that saddled our credit union. Much of our agenda for 2010 was playing "catch up" from the Corporate Stabilization Act – which is not behind us yet. The losses in natural person credit unions in 2010, some in our backyard, added a great deal of pressure to heightened regulation, a call for deeper and more meaningful due diligence, enhanced Asset Liability Management initiatives, stronger policy and guidelines, and a call for a more conservative approach to operating the credit union.
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2009 Annual Report
Despite a turbulent year for the financial industry, 2009 was a year of SUCESS for VacationLand Federal Credit Union. We grew over 17% in asset size; and, despite the National Credit Union Administration's special assessment for all credit unions, we remained profitable, safe and sound, and offered one of the best levels of financial security that one should expect.
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2008 Annual Report
2008 will be remembered as the year VacationLand re-invented ourselves—we rolled out a new logo with fresh colors, expanded our business lending product line and became more visible in our community.
