NAFCU Journal July August 2021

12 NAFCU’s member focus and commitment to extreme member service led to important results last year for the industry in advocacy, education and compliance assistance. More than that, it was another year of financial stability and growth for the association, a reflection of the care we take in the management of members’ dues dollars. Despite the coronavirus pandemic, NAFCU maintained solid financial performance in 2020. We did so while investing in new services and technology that allowed us to pivot to virtual events and resources to better deliver education and training to NAFCU members in a cost-effective, efficient manner, and while working with our members facing with financial constraints. In 2020, NAFCU’s equity increased $760,076. NAFCU Services Corporation also added new partnerships and products to provide the best available solutions for credit unions and keep them competitive. NAFCU will continue to set the standard for member service and benefits in 2021, putting the needs and concerns of its members across the country at the top of our priorities list every day. Thank you for your guidance, support and cooperation. We look forward to working with you in the coming year to ensure a bright and secure future for our industry. NAFCU TREASURER’S REPORT Gary A. Grinnell | NAFCU Board Treasurer 60% 2010 2010 2010 2011 2011 2011 2012 2012 2012 2013 2013 2013 2014 2014 2014 2015 2015 2015 2016 2016 2016 2017 2017 2017 2018 2018 2018 2019 2019 2019 DEC-20 DEC-20 DEC-20 50% 40% 30% 20% 10% 0% 60% 0% 62% 5% 64% 10% 66% 15% 68% 20% 70% 25% 72% 30% 74% 35% 76% 40% 78% 56% 76% 35% NAFCU % of Total Assets: FICUs NAFCU % of Total Assets: FCUs NAFCU % of Total Assets: FISCUs