MONEY TALK 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
SUMMER 2023 Serving Our Community is Our Business WE HAVE THE TOOLS TO
Help Your Company Grow
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Federally Insured by NCUA
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.
*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.
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