President’s Message
A. Scott MacKnight, CEO/President
The first few months of 2023 have proven to be challenging for the financial industry. The closure of SVB and First Republic Bank created concern about reverberation within the banking world. These closures, coupled with rising rates and high inflation, have many people wondering about the financial stability and security of their own financial institution.
Be assured the Credit Union is in very good shape financially. We anticipated many of the economic challenges that have resulted in this financial turbulence and adjusted our portfolio and strategy accordingly. The measures we have taken mean our members can rest easy knowing that it’s business as usual for Triangle and those in the community we serve. *
Part of our strategy this year is to focus on efficiencies within the organization to streamline services for our members, which includes faster transaction times, lower call waiting times, and more robust online tools. To date, we have implemented several new initiatives including the expansion of our Interactive Teller Machine (ITM) fleet, new digital signing services for several of our lending products, and a new business banking platform which will be available in the coming months. So, while I say it’s business as usual, it’s really more than that. We continue to make loans, process deposits, and strive to implement improvements that enhance our best-inclass service to our members.
As always, on behalf of the Triangle team, thank you for choosing us for your financial needs.
A. Scott MacKnight
*For more information on how the economy impacts you, please scan this code for access to the Making Money Personal Podcast, Episode 56: How Rising Inflation Effects Your Money.
Special Notice
Biennial Verification
As part of the duties and responsibilities of the Supervisory Committee of Triangle Credit Union, we must conduct a verification of accounts with the Credit Union's records at least once every two years. The purpose of the verification is to detect errors, and it is a good control to prevent fraud.
The Supervisory Committee has selected this month to conduct its verification. Kindly compare your statement balances with your records. If they do not agree, please report any differences immediately to:
Triangle Credit Union Supervisory Committee
PO Box 717
Nashua, NH 03061-0309
We will consider the balances correct unless we hear from you by July 28, 2023.
Please send all other inquiries and loan payments to: Triangle CU, PO Box 309, Nashua, NH 03061-0309.
Thank you for your assistance!
Triangle Credit Union Supervisory Committee
Edward Lecius, Chairman
TRIANGLE FINANCIAL GROUP
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Financial & Business Planning investments, estate, and retirement
Long Term Care disability, insurances, and benefits
Quarterly Webinars
complimentary without commitment
Upcoming Events
JULY
Brian Luce Financial Planner
Nashua Office: 603-589-8168
Bedford Office: 603-471-4376
bluce@financialguide.com
www.trianglefinancialgroup.com
The services offered through Triangle Financial Group are not a deposit and are not insured through NCUA or any other agency. Funds in these accounts are not guaranteed by the credit union and may go down in value. Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, LLC, Member SIPC. Supervisory Address: 101 Federal Street, Suite 800, Boston, MA 02110, 617.439.4389 Triangle Financial Group is not a subsidiary or affiliate of MML Investors Services, LLC. CRN202603-4063645.
YOUTUBE WEBINARS
July 29th - Fairytale Festival, 100 Concord Street, Nashua, NH (10am – 1pm)
AUGUST
August 24th - Nashua Goes Back to School, Nashua Public Library (5:30pm – 7pm)
August 26th – Gate City Brewfest, Holman Stadium, Nashua, NH (1pm – 5pm)
SEPTEMBER
September 16th – Wags to Whiskers Festival, Anheuser- Busch, Merrimack, NH (11am – 3pm)
September 16th – DerryFest, MacGregor Park, Derry, NH (10am – 4pm)
September 23rd – Wheels & Wings, Nashua Airport, Nashua, NH (10am – 1pm)
Scan this code to view our current YouTube Webinars.
EVENTS
Visit the events page at triangleuniversity.org for dates, times, and registration.