Partnership Pays Off WE SHARE OUR PROFIT Libro believes in partnership, because we all know we are stronger when we work together. And one of the best parts of that is, when we have success, so does everyone who partners with us.
26 MILLION
$
NET INCOME BEFORE PROFIT SHARING AND TAXES
9.8 MILLION
$
CLASS P PROFIT SHARING AND DIVIDENDS
+ $ 4.9 MILLION CLASS I INVESTMENT SHARE DIVIDENDS
= $ 14.7 MILLION DIRECTLY RETURNED TO OWNERS
INCREASED 40% OVER 2018
78.79
%
1.5 MILLION
$
EFFICIENCY RATIO
REINVESTED BACK INTO COMMUNITIES
That’s a rating based on how many dollars we spend to earn revenue. In 2018, we spent 79 cents to earn every dollar of revenue.
That includes the Libro Prosperity Fund, student awards, sponsorships and strategic partnerships.
22 | Libro Credit Union 2019 Review
