
From the CEO – 6/2014

President’s Pen
As President of the Board of Directors of Quest Federal Credit Union, I like to take the time on occasion to communicate with our members and the community about what is taking place at Quest. Our credit union continues to thrive and we are having another very strong growth year in loans, shares, membership and more.
May 2014 ended as a very strong month for Quest and so far 2014 is another very good year. Below are several year to date financial ratios of interest that I thought you may find helpful and important. Net Worth ended the period at 8.99%. Return on Assets ended at 0.76%. Fixed Assets are 2.53%, well below the 5.00% limit, Market Growth is very strong at 11.81% and Loan Growth annualized is 10.12%.
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Quest Hires CIO

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