From the CEO’s Desk
Hello, my name is Matt Jennings, and I am the Chief Executive Officer of Quest Federal Credit Union, and I hope this letter finds you all well.
Summer is rapidly passing by and with Labor Day weekend on the horizon, I wanted to wish you all a safe and happy holiday weekend. To our friends in Hardin and Wyandot counties, we wish you a great fair season and I invite you to stop by our booth and enter to win our contest. I think you will like the prizes!
On July 24th, Sarah Wirbel, Board President joined the Quest management team along with representatives from Vaughn Industries, the Village of Carey, the Carey Area Chamber of Commerce, among others to officially break ground for our newest branch office. We announced in late June that we had purchased land in the Sheriden subdivision and within one month, Vaughn Industries and our general contractor had broken ground, and the progress has been amazing. We are now nearing the end of August, and we have the site work completed, foundations and footers completed, and the building will begin growing out of the ground and into our vision of a modern, full service branch. Our expected opening date is mid-January 2026, and we have begun hiring the staff so they have plenty of time for training and developing a command of all the products and services that we will bring to the Carey area. I will keep you posted as we navigate the construction phase, and I am looking forward to inviting all our members to enjoy our new location in early 2026.
A quick financial update, Quest currently holds $215m in assets with $148m in loans. Our net worth ratio is at a healthy 8.99% with year to date return on assets of 0.67%, which is very strong. We have 16,679 member owners and are looking forward to adding to this total as we progress through 2025 and into a new year with a new branch.
If you have not already, please check out our Exploration Podcast series which you can find on our website or by visiting the podcast app on your smart phone and searching Quest Exploration. We have built a robust library covering many topics that you may find of interest or that can be used for self help for such things as online banking, learning how to apply for loans, student loans and much more.
Listen to Exploration!
In closing, thank you for your patronage, and the Board of Directors and Staff would like to wish you all the best. We view Quest as a big family, and we are here to help! Thank you and I welcome any comments, suggestions or questions from our member owners. I can be reached by calling the Main Office or via email at mjennings@questfcu.com. Thank you for your loyal patronage to Quest and I challenge you to Explore the Possibilities!
Matt Jennings, Chief Executive Officer