Message from the CEO

Milestones
People helping people

2013 was a milestone year for our credit union. We celebrated 75 years of service to our member-owners. Over those years, what began as the cooperative efforts of a small group of dedicated people at Aberdeen Proving Ground has grown to become a well-capitalized, billion dollar credit union right here in Harford and Cecil counties. Our origins may have been humble, but they were inspired. We were people helping people back then and, I am pleased to say, we still are.

Milestone after milestone in our credit union’s growth traces the economic and intellectual strength that benefits our two counties: We are fortunate to have the steady influence of our original sponsor and community partner, Aberdeen Proving Ground. Since our founding, every generation of member-owners has shared the benefits of belonging to our credit union with their family and friends. We are grateful that a large number of new members comes to us through referrals.

As this year’s report shows, we continued to experience strong growth in 2013. First, we welcomed our 100,000th member-owner in April. On average, we have seen a 4.5 percent growth in membership over the past few years. That growth is reflected in our market share rankings: We are number one in deposit market share in Harford County, and number three in Cecil County.

A second milestone achieved in 2013 was the ten-year mark of our community charter. Originally, our founders sought to provide affordable, available credit to civilian and military families at APG. In 2003, the NCUA granted APGFCU a community charter to serve everyone who lives, works, worships, volunteers or attends school in our two counties. Over the past ten years, more and more of our neighbors have turned to the credit union for value and service. In 2013, we experienced record loan growth of 11.4 percent. The funds from those loans went back into our community to pay for vehicles, homes, home improvements and education.

Contributing to the financial health of our communities is part of our mission, and it is clear that a legacy of financial responsibility creates stability for families. To that end, we continue to educate adults and children in responsible financial management. We are building strong families for a stronger community.

Our credit union is able to serve members well because we continue to follow the guiding principles of sound fiscal management, controlled growth and strong financial performance. We are people helping people. I am privileged to work with our board and volunteers who devote their time and immeasurable talents to represent the membership. I am honored to lead our dedicated staff of 295 professionals who bring the spirit of the cooperative to every member interaction. And I am inspired by our heritage. Then and now, we serve our members as they mark the milestones in their lives. On behalf of all of us at APGFCU, thank you for being a member.

Don W. Lewis
President/ CEO

Don W. Lewis

President / CEO
APG Federal Credit Union