December is a month with an added focus on giving and receiving. The spirit of the season is much like the credit union philosophy of people helping people. As a not-for-profit cooperative, we provide resources and tools that allow families and small businesses to reach their financial goals.

In 2004, we started an annual tradition of giving our members a bonus dividend in December. I am pleased to report the Board of Directors has declared a total dividend of 4.50% Annual Percentage Yield (APY) for the month of December 2012.

The bonus dividend yield varies from year-to-year based on market conditions and the overall performance of the credit union. With the December 2012 dividend, Goldenwest will have returned more than $5 million to our members in the past nine years through the bonus program. It pays to be a Goldenwest member!

In 2012, we gave our members more convenience by adding to our branch network. We opened the Lehi branch inside Maceys Grocery Store in May, followed by the Centerville branch inside Dick’s Market in August. We will soon break ground for a free-standing office in Bountiful to be located near 2100 South on Orchard Avenue.

We plan to give our members a new, comprehensive online branch system with the latest advanced technology in 2013. Watch for announcements for more products and services that can save you money and time.

As I reflect on our accomplishments as a credit union in 2012, I am incredibly grateful for the support you have given me during my first year as CEO of this organization. More than ever, I am thankful that our credit union family is blessed with a dedicated board, talented staff, and loyal members.

Best wishes to you and your family for a very Merry Christmas, and a profitable New Year! I welcome your comments on this blog post, or send me a direct email at president@gwcu.org. For the latest news about our credit union, I invite you to follow me on Twitter @GoldenwestCUCEO.

Kerry H. Wahlen
President/CEO