Parsons_FCU-2021_Annual_Report.pdf

T R E A S U R E R ’ S R E P O R T

In a time of uncertainty, our members showed their trust in us.

¹ĺƑūƭijĺūƭƥ ǨǦǨǧȡ ƥĺĚ GĚēĚƑîŕ ¤ĚƙĚƑDŽĚ ČūŠƥĿŠƭĚē ƥū ŞîĿŠƥîĿŠ ƥĺĚĿƑ ƑĚƙūŕDŽĚ ƥū ŒĚĚƎ ĿŠƥĚƑĚƙƥ ƑîƥĚƙ ŕūDž îŠē Ǜijĺƥ ƥĺĚ îēDŽĚƑƙĚ ĚČūŠūŞĿČ ĚljljĚČƥƙ ūlj ƥĺĚ ƎîŠēĚŞĿČȦ ¹ĺîƥ ƑĚƙƭŕƥĚē ĿŠ î ēĿljǛČƭŕƥ ūƎĚƑîƥĿŠij ĚŠDŽĿƑūŠŞĚŠƥȡ DžĿƥĺ ƥĺĚ ČūŠƥĿŠƭĿŠij impact of margin squeeze on the balance sheet. ~ŠČĚ îijîĿŠȡ ĿŠ î ƥĿŞĚ ūlj ƭŠČĚƑƥîĿŠƥNjȡ ūƭƑ ŞĚŞċĚƑƙɄ ƥƑƭƙƥ ĿŠ ƭƙ Džîƙ ēĚŞūŠƙƥƑîƥĚē DžĿƥĺ îŠ ĿŠǜƭNJ ūlj ēĚƎūƙĿƥƙȦ ØĚ ƑĚČĚĿDŽĚē îƎƎƑūNJĿŞîƥĚŕNj ɐǧǫȦǬ ŞĿŕŕĿūŠ ĿŠ ēĚƎūƙĿƥƙ ċĚNjūŠē ċƭƙĿŠĚƙƙ ƎŕîŠ ljūƑĚČîƙƥȦ Tƥ Džîƙ îŕƙū î ēĿljǛČƭŕƥ NjĚîƑ ljūƑ ĿēĚŠƥĿljNjĿŠij ƎƑƭēĚŠƥ ĿŠDŽĚƙƥŞĚŠƥƙ ljūƑ ƥĺĚƙĚ îƙƙĚƥƙȡ ŠĚČĚƙƙĿƥîƥĿŠij îēēĿƥĿūŠîŕ îŠîŕNjƙĿƙ ƥĿŞĚ îŠē ūDŽĚƑƙĿijĺƥ ĚljljūƑƥȦ ¹ĺƑūƭijĺ ƥĺĚ ēĿŕĿijĚŠƥ DžūƑŒ ūlj ūƭƑ ƙƥîljljȡ DžĚ DžĚƑĚ îċŕĚ ƥū ĿŠČƑĚîƙĚ ūƭƑ ūƑijîŠĿČ ŕūîŠ ƎūƑƥljūŕĿū ċNj ɐǧǭ ŞĿŕŕĿūŠȦ ~ƭƑ îƙƙĚƥ ƐƭîŕĿƥNj ƑĚŞîĿŠƙ ƙƥƑūŠijȡ DžĿƥĺ ēĚŕĿŠƐƭĚŠƥ ŕūîŠƙ ƥū ƥūƥîŕ ŕūîŠƙ ƙĿijŠĿǛČîŠƥŕNj ŕūDžĚƑ îƥ 0.07% verses our peer credit unions’ average of 0.26%. This demonstrates the strength and sustainability of our membership . ÞĿĚŕēƙ ūŠ ĿŠDŽĚƙƥŞĚŠƥƙ DžĚŠƥ ēūDžŠ ljƑūŞ ǧȦǦǮɼ ƥū ǦȦǭǩɼ ēƭĚ ƥū ƥĺĚ ŞîƑijĿŠ ƙƐƭĚĚǕĚȡ ĿŞƎîČƥĿŠij ūƭƑ ċîŕîŠČĚ ƙĺĚĚƥȦ ÞĿĚŕēƙ ūŠ ŕūîŠƙ ēĚČƑĚîƙĚē ūDŽĚƑ ƥĺĚ NjĚîƑ ljƑūŞ ǪȦǧǯɼ ƥū ǩȦǭǬɼȡ ĿŞƎîČƥĚē îijîĿŠ ċNj ƥĺĚ ŞîƑijĿŠ ƙƐƭĚĚǕĚȦ ūƙƥ ūlj ljƭŠēƙ ƙîDž î ƑĚēƭČƥĿūŠ ljƑūŞ ǦȦǬǫɼ ƥū ǦȦǪǩɼ ēƭĚ ƥū ƥĺĚ ŕūDžĚƑĿŠij ūlj ƑîƥĚƙ ūŠ ēĚƎūƙĿƥ ƎƑūēƭČƥƙȦ Membership in 2021 continued to show a strong growth pattern. A big contributor of this upward trend was the formation of a partnership with the American Consumer Council ȳ ȴȡ DžĺĿČĺ ƎƑūDŽĿēĚƙ î ŠĚDž ŞĚƥĺūē ljūƑ ƐƭîŕĿǛĚē ĿŠēĿDŽĿēƭîŕƙ ƥū ċĚČūŞĚ ŞĚŞċĚƑƙȦ Y O U

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sĚƥ TŠČūŞĚ ljūƑ ƥĺĚ NjĚîƑ Džîƙ ɐǧǧǩȡǫǮǭȡ ƙŕĿijĺƥŕNj ċĚŕūDž ūƭƑ ċƭēijĚƥ ljūƑ ƥĺĚ NjĚîƑȦ ¹ĺĚƙĚ ĚîƑŠĿŠijƙ ĺĚŕƎ ċƭĿŕē ŞĚŞċĚƑƙɄ ĚƐƭĿƥNj ƥū ɐǨǯȦǪ ŞĿŕŕĿūŠȦ ~ƭƑ sĚƥ ØūƑƥĺ ƑîƥĿū ƙƥîNjĚē DŽĚƑNj ƙƥƑūŠij îƥ ǧǧȦǧǪɼȡ DžĚŕŕ îċūDŽĚ ƥĺĚ ƑĚijƭŕîƥūƑNj ŞĿŠĿŞƭŞ ūlj ǭȦǦɼȦ ~ƥĺĚƑ ƑĚƥƭƑŠƙ ƥū ūƭƑ ŞĚŞċĚƑƙ ĿŠČŕƭēĚē ŕūDžĚƑ ŕūîŠ ƑîƥĚƙȡ ŞĿŠĿŞîŕ ƙĚƑDŽĿČĚ ljĚĚƙȡ îŠē ƎƑūijƑĚƙƙĿDŽĚ ēĿijĿƥîŕ ċĿŠij ƙĚƑDŽĿČĚƙȦ

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6 PARSONS FCU 2021 ANNUAL REPORT