Partnership Pays Off in a Big Way

Libro Owners really do own a piece of the company, and that means they get a share of the profits. For our credit union, there’s no difference between customer value and shareholder value, because every customer is a shareholder. And every year, millions of dollars in profits are shared with Owners, based on how much business they have with Libro. So we’re stronger together and, the more you increase your relationship with us, the higher the profit share. Libro’s in the relationship business. To find out more, head to our website.

$10.39 Million Class P Profit Sharing and Dividends + $9.24 Million Class I Investment Shares Dividends = $19.63 Million

Directly returned to Owners

$56 Million

Net income before taxes and profit sharing

We love all of the entrepreneurs who bring their business banking to Libro, and Todd’s Dogs is a great example of the businesses we support every day. Todd Ellerby, who switched to Libro from a big bank three years ago, started with a hot dog cart 20 years ago and has been selling delicious meals from food trucks for nine years. He has two trucks and employs nine people.

“I never banked with a credit union before and I was looking for something different than the big banks. Libro was new here in Woodstock, and I went in to see someone and discussed what my needs were.

“Libro has just been fantastic from day one. They call me if there are any issues, or if there are new products available, or just to check in. I’ve never had that kind of service from a banking institution.”