Annual Reports

2013 Annual Report

2013 was a banner year for VacationLand FCU. Financially we had one of our very best years ever. Our Net Income increased by nearly 33%, while Assets grew by over 5% to $155 Million, and key ratios exceeded national peers in most categories. Our year-end financial statements show a manageable 5.42% asset growth and a very strong and healthy 1.00% return on assets. Our capital ratio continues to get stronger year over year ending 2013 at 10.38%, still well above the "well capitalized" floor limit set by the NCUA.

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2012 Annual Report

2012 was another successful year at VLFCU. We continued with our branch renovation project finalizing the upgrades of our Vermilion and Perkins offices. Our membership expanded and topped the 16,000 mark for the first time. Financially, the credit union remains strong and our capital position is moving in the right direction. 2013 will bring additional challenges that include a long-term commitment in rebuilding the Hayes office, continued regulatory pressures and very thin interest rate margins. We look forward to taking on these challenges and we remain committed to providing affordable and responsible financial services to all whom we serve.

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2011 Annual Report

Despite the economic uncertainty in 2011, our credit union performed very well. Guided by the board of directors, strategic decisions made in 2009 and 2010 allowed for the credit union to emerge from the financial crisis and post one of the strongest credit union performances in the last 16 years.

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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.

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