Chair's Report
This has been a year of change at O Bee. Our new branches in Pierce County have done well. We have again been recognized as one of the best credit unions in the country. Our administrative staff moved into a new building with space for more to come, and we have built a stronger set of business services for members. I know James and his team have further plans.
We pause to offer a special thanks to Carolyn Caruso as she steps down from the Board after 50 years of service to O Bee as an administrator and board member. Carolyn began her career with O Bee as head cashier in 1970 and remained for 34 years, finally serving as Vice President from 1988 to her retirement in 2004. She has served on the Board since 2006 and has been a tireless advocate for our members and the credit union. We will miss her tremendous spirit and commitment.
Our growth and the march of time have brought challenges. Our size, pace and innovations have attracted closer scrutiny from regulators than we have experienced in many years. And we have been squeezed by low rates in a very stimulated economy. These challenges will make us safer and stronger.
As we move into the next decade, the Board and staff remain committed to the "O Bee Way.” That is, people helping people with professionalism and community commitment. It makes us better than a bank -- it makes us a community to believe in.
Thank you all for your support, your trust and your passion.
Wilford "Will" Saunders
Board Chair
March 2020