As in years past, UNCLE has maintained our value of community service to others. In 2024, UNCLE employees contributed over 700 hours of volunteer time to local organizations such as Tri-Valley Haven, Kids Against Hunger, Fertile Groundworks, Haven of Peace, and Spectrum Community Services. In 2024, UNCLE hosted our largest financial education and literacy event to date, a “Deception Detection” free fraud prevention seminar. Over two hundred members of the community came together at the Bankhead Theater in Livermore to learn about fraud directly from representatives of the FBI, the Livermore Police Department, and our UNCLE experts. With a special welcome from Congressman Eric Swalwell, this event aimed at keeping our communities informed and aware. For the seventh consecutive year, UNCLE was named Best Credit Union in the East Bay by the East Bay Times in 2024. This is an achievement voted on by members of our local neighborhoods, further attributing to the impact the credit union has on our local communities and the excellent service our team provides daily. The credit union was also named a Top Workplace by the San Francisco Chronicle for a third consecutive year in 2024. We take this achievement to heart, as we not only strive to create an inclusive working environment, but we want our employees to feel pride in the credit union and the talent they bring with them every day. We thank our employees for their unwavering commitment to serving our members. Over the past year, the credit union’s accomplishments have reinforced our dedication to building a strong and prosperous institution, and our unwavering commitment to community service. With the expertise and collaboration of our board members, management, and employees, we have worked seamlessly to maximize value for our members while strengthening our financial foundation. For the past 15 years, I have had the privilege of serving as Chairman of the Board of Directors for UNCLE. Throughout this time, I have witnessed incredible growth and commitment to our members and the communities we serve. As we look to the future, I remain committed to upholding our mission and ensuring every decision we make builds a stronger future for our member’s financial lives. I extend my sincere gratitude to our members, including members of the Lawrence Livermore National Laboratory, for being an essential part of our success. Together, we look forward to even greater opportunities ahead.
CHAIRMAN OF THE BOARD REPORT
Chung Bothwell, JD, LLM, CCUB Chairman of the Board
Commitment to our Future. Driven by technological innovation, economic shifts, and evolving consumer expectations, the banking industry experienced rapid transformation in 2024. As financial technology continues to advance, UNCLE has embraced AI-driven solutions, ensured we provide real-time payment solutions, and enhanced security measures to better serve our members. UNCLE’s steadfast commitment to delivering seamless financial experiences for our members and supporting our surrounding communities reinforces our confidence that the decisions we make today will create a stronger future for tomorrow. The economic environment in 2024 remained dynamic and was shaped by moderate growth, persistent inflationary pressures, and evolving interest rate policies. Despite these challenges, UNCLE remained focused on driving new opportunities for sustainable financial growth. At the end of 2024, UNCLE saw an increase in total assets of $751 million and is proud to have served over 38,000 members. Community impact continues to remain a cornerstone of UNCLE’s mission, and we have always kept true to our core value of People Helping People. In 2024, the credit union continued to support local non-profit organizations such as Livermore Valley Arts, Livermore Lab Foundation, local chambers of commerce, sports teams, and schools. Prioritizing local engagement allows UNCLE to foster deep trust and long- term prosperity within the areas we serve.
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