Message from the CEO

Thanks a Billion!
Local people helping local people

The year 2014 marked a significant milestone in the history of APGFCU. Our credit union reached $1 billion in assets! Why does this matter? Higher assets help us provide affordable financial services our members want. We can offer a balance of good rates, products, and services as well as contribute to our community. Assets contribute to increased net worth that can weather the ups and downs of the economy. The assets also reflect the confidence our members have in the credit union as a safe haven for their savings.

“Thanks a Billion!” You have seen this phrase used throughout 2014 for savings promotions and special campaigns. Those words celebrate more than the actual asset size our credit union has achieved. They also express our gratitude to all those who have been part of APGFCU’s development. This success did not happen overnight. It has taken 76 years of dedication and commitment to cooperative principles to reach this point. The spirit of volunteerism runs throughout our history. In 1938 APGFCU was founded by a small group of Aberdeen Proving Ground civilians who believed in mutual self-help. Their joint need for affordable loans and a safe place for savings brought them together. Volunteers operated the credit union until 1960 when the first employee was hired. Even as our professional staff has grown, dedicated volunteers have continued to give their experience, talent, and time to ensure that their fellow members’ interests are well represented. Our volunteers represent the strong foundation upon which this organization is built.

As APGFCU has expanded within Harford and Cecil counties, our mission remains constant. We are local people helping local people. Building the wealth and financial security of our members drives everything we do here. 2014 brought strong financial results, as well as record member growth. Our members continued to receive great loan rates on such products as autos, credit cards, mortgages, and home equity. They also were able to take advantage of our “Got Debt?” campaign, reducing the time it would take to pay off their loans. The Credit Builder program allowed members with less than prime credit scores to obtain loans at fair rates while improving their records. Savers also benefited from APGFCU’s product offerings. Two special savings certificates were offered at 5% and 3%, paying rates that were significantly above market. A special step-up certificate with a premium rate was offered for a limited time. Youth match savings promotions attracted parents and relatives who wanted to establish a sound base for their children’s financial future. Education continued to play an important role in our drive to improve members’ financial health. We increased our already wide range of financial literacy education, coaching, and counseling offered through schools, social services, and other local organizations. Financial knowledge and security are assets to be passed on from one generation to the next.

Concern for our community is another important cooperative principle we follow. We are all connected. Our members’ financial well-being has roots in a strong community. As a home grown financial institution now serving over 100,000 of your neighbors, we support such local groups as Habitat for Humanity Susquehanna and the Boys & Girls Clubs of Harford County and of Cecil County. In addition, we sponsor many local events and organizations throughout Harford and Cecil counties that are working to improve the quality of residents’ lives.

Thank you for your membership in APGFCU. The Board of Directors, Volunteers, Executive Management, and professional staff respect and appreciate the trust you place in our leadership. With your support, APGFCU will continue to build upon its strong heritage and to provide a legacy of wealth-building for the future generations of Harford and Cecil counties.

Don W. Lewis
President/ CEO

Don W Lewis

Don W. Lewis

President / CEO
APG Federal Credit Union