Board of Directors Message
The Christmas season is a special time that brings community, friends, and family together. As we give thanks for our successes in 2018, it is my hope that we have fulfilled our promise as a credit union to be an integral part of the community; we truly are here because of our members.
Tony Krosel, our CEO, and his team have embraced our cooperative values while improving our members’ financial lives, one step at a time. Their outstanding work helped us achieve another year of solid financial results and confirmed for us that our credit union remains on the right track to support our members and our Slovenian community. The excellent work of management and staff allowed us to focus our time and energy on looking ahead and ensuring that an appropriate governance framework is in place.
The Board did significant work in 2018 to ensure we have a comprehensive approach and strategy of working together and being accountable to those we represent. Another accomplishment of the Board was the review and updating of our governance model. Two years into the merger, we are more focused, and the Board’s goal is to oversee larger issues, delegate to management with clarity, and evaluate the accomplishments of the credit union.
I’m very happy that the Board was able to approve a $225,000 patronage distribution to members for 2017. This distribution was paid out this past summer in the form of patronage shares. For the 2018 fiscal year, the Board of Directors has declared a 4% dividend on membership and patronage shares. Sharing profits is one of our core values, something that differentiates us from the big financial institutions. We are pleased to fulfill our commitment to our member-owners.
Our overall performance and dedication to exceptional member service by the Moya Financial family makes it an honour to represent you on our Board of Directors. I want to thank Moya’s leadership team and employees for another year we can all be proud of. Finally, we wish to thank you, our members, for your continued interest and support.
On behalf of the Board of Directors at Moya Financial Credit Union, I would like to wish you a Merry Christmas and send our very best wishes for a prosperous and Happy New Year.
Vaš upravni odbor vam želi srečen in lep božič, ter zdravja in veliko osebnega zadovoljstva v prihajajočem letu!
Val Koncan, Chair
It’s hard to believe that another year has nearly gone by. I hope you all had a great summer and enjoyed the beautiful fall colours. This is a great time to reflect and be thankful for our health and our families.
Here at Moya Financial, our results to date are very good. We’ve completed our rebranding work with our renovated main branch at 747 Brown’s Line, which re-opened in early July. We’ve also introduced member information seminars with much success. Feedback has been excellent so be sure to look for our sessions in 2019. And please check out our new credit cards – another great product especially designed for you, our members.
We continue to support our Slovenian community and we’ve made a commitment to increase our efforts this year and next. We are participating in more events and working more closely with many Slovenian organizations. Our community is our cornerstone and is reflected in our corporate values and beliefs. Our members help us succeed and in doing so, we help our community succeed. Bring your money home to Moya Financial so that Moya can better support you and our community – our home.
On behalf of the staff at Moya Financial, I would like to extend our best wishes to you and your loved ones for the holiday season.
Iskreno vam voščimo vesele in blagoslovljene božične praznike. Novo leto pa naj bo v znamenju miru, zaupanja in sodelovanja.
Tony Krosel, CEO