DUMKA OPINION 234

Д

УМКА

The Ukrainian Federal Credit Union Opinion Magazine | #234 | Winter 2017

Advancing

Future

Into the

New enhancements to better serve you!

Board of Directors

President & Board Chairman / Wasyl Kornylo 1st Vice President-Assistant Secretary / Yaroslav Fatyak 2nd Vice President-Assistant Secretary / Yaroslav Kirik Secretary / Richard Harris Treasurer / Barbara Tymoc-Gutierrez Board Member / Tamara Denysenko Assistant Treasurer / Bohdan Zakharchyshyn Honorary Board Members / Lubomyr Galuga, Jurij Kushner, Wolodymyr Pylyshenko

Supervisory Committee

Mission

To help our members achieve financial success by providing them with the highest level of personalized service.

Vision

Ukrainian Federal Credit Union will be the financial provider of choice for our members.

We will be one of the leading Credit Unions in the USA. Our brand will be recognized for: • Exceptional quality and value; • Unparalleled service; • Technical experience; Great place to work, learn and share;

• C ommunity outreach

process that supports our common bond membership.

Our Values

• Caring Culture • Open Communication • Superior Service • Personalized Solutions

Наша Місія

Допомагати нашим членам у досягненні фінансового успіху, надаючи їм найвищий рівень індивідуального професійного обслуговування.

Наше Бачення

Українська Федеральна Кредитна Спілка має за мету стати головною фінансовою установою для наших членів. Наша установа буде однією з лідерів кредитних спілок США. Наша відмінність полягатиме в: • Відмінній якості обслуговування • Знаннях та досвіді • Доброму місці для праці та навчання • Роботі по співпраці з громадою та ії підтримці.

Наші Цінності

• Дбайливе ставлення • Відкрите спілкування • Найвищий рівень обслуговування • Індивідуальний підхід

Chairman / Dr. Evhen Lylak Members / Barbara Tymoc-Gutierrez & Vasiliy W. Gritsyuta

Ukrainian-American Community Foundation, Inc. Chair / Tamara Denysenko Members / Wasyl Kornylo, Yaroslav Fatyak, Barbara Tymoc-Gutierrez, Dr. Evhen Lylak

Undergraduate Scholarship Committee

Members / Tanya Dashkevich, Tamara Denysenko, Dr. Christine Hoshowsky, Anne Kornylo, Volodymyr Otvarukhin, Nadia Tratch, Bohdan Zakharchyshyn

Graduate Scholarship Committee

Chair / Dr. Evhen Lylak Members / Olena Prokopovych, Ph. D. & Elena Dilai

Library Committee

Chair / Wolodymyr Pylyshenko Librarian / Wasyl Zolotarchuk

Community Relations Committee

Co-chairs / Yaroslav Fatyak & Bohdan Zakharchyshyn

Executive Staff

CEO / Oleg Lebedko COO / Tanya Dashkevich CFO / Roman Omecinskyj

Management Team

Loan Manager / Maria Milazzo HR and Training Manager / Kelly Nield IT Manager / Roman Martyniv Regional Branch Manager for Rochester & Webster / Roman Kshysyak Albany Branch Coordinator / Oksana Dacyk Syracuse Branch Manager / Nadia Hayduke Regional Branch Manager for Portland & Vancouver / Oleksandr Moskal Sacramento Branch Manager / Mikhail Tkach Boston Branch Coordinator / Lyubov Stefantsiv Regional Branch Manager for Buffalo & Amherst / Sophia Kenn Federal Way Branch Manager / Oksana Pierce Parma Osnova Branch Manager / Inessa Koval

Editorial Staff

Editor-in-chief / Alexander Oryshkevych Editors / Oleg Lebedko, Tanya Dashkevich, Tatyana Sushko Layout & Graphic Design / Sukhenko Design

UFCU Contact Information

Web / www.ukrainianfcu.org Email / info@rufcu.org Address / 824 East Ridge Road, Rochester, NY 14621 Phone / 877-968-7828 Fax / 585-338-2980

24-hr Credit Card Service 866-820-4875

Audio Response 866-791-1018

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A Message from the

UFCU Board & Management

Wasyl Kornylo

PRESIDENT & BOARD CHAIRMAN

Oleg Lebedko CEO

As year 2017 is coming to an end, we want to thank our members for their business with our credit union. Your trust and loyalty were instrumental in UFCU achieving and exceeding most of our budget goals for 2017.

Growth in loans and savings is continuous, and the net earnings have significantly increased compared to previous years, fueled by the loan growth and by our drive for efficient operations. We have implemented new services to better serve our members, such as shared branching, a new website and the new phone system.

Our Board and executive management held its annual strategic planning sessions in October to review the status of our longterm objectives and to plan for the future 3-5 year period. We reviewed our mission, vision and values to confirm that they still serve the best interests of UFCU membership. The regulatory and competitive environment in which we operate and risks posed by

multiple external factors, such as interest rates and cybersecurity breaches, were also discussed. We developed strategic objectives for the credit union that included balanced growth and expansion, continuous improvements in efficiencies, branch operations, community participation and support in all the geographic areas within which we operate.

Thank you again for your confidence in our credit union. We will continue on our mission of helping our members achieve financial success by providing them with the highest level of personalized service!

Закінчується 2017 рік, а отже, ми хотіли б подякувати нашим членам, що ви залишаєтеся з нашою кредитною спілкою. Ваша довіра та лояльність допомогли УФКС досягти та перевершити більшість наших бюджетних цілей на 2017 рік. Відбувається постійне зростання кредитів та заощаджень, а чистий прибуток значно збільшився в порівнянні з минулими роками. Це викликано збільшенням кредитування та нашою працею для підвищення ефективності діяльності.

Також обговорювалось законодавче (регуляторне) та конкурентне середовище, в якому ми працюємо, та ризики пов’язані із зовнішніми факторами, такими як процентні ставки та кібербезпека.

Для кращого обслуговування наших членів, ми впровадили нові послуги, такі як спільна мережа відділень, новий вебсайт та нова телефонна довідкова система.

Ми розробили стратегічні завдання для кредитної спілки, які включають збалансований зріст та розширення, постійне покращення ефективності, діяльність філій, залучення громади та надання підтримки в усіх регіонах, де ми проводимо свою діяльність.

У жовтні Правління та Виконавчий орган УФКС провели щорічне засідання зі стратегічного планування, щоб переглянути стан наших довгострокових задач та з метою планування на наступні 3-5 років. Ми переглянули нашу місію, бачення та цінності, щоб переконатися, що вони і досі залишаються на сторожі інтересів членства УФКС.

Дякуємо ще раз за вашу впевненість у нашій кредитній спілці. Ми будемо продовжувати нашу місію допомоги нашим членам досягати фінансового успіху, шляхом надання персонального обслуговування найвищого рівня!

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клуб Рукавичка

Club

Open a Mitten Club Savings Account for your child or grandchild & we’ll make a

10 gift deposit!

$

Disclosure: Gift deposit amount may change.

UFCU reserves the right to discontinue this promotion at any time.

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David Aksenov

Smajil Causevic

David Dovgan

Joseph Gnip

Anastasiya Grechanyuk

Anna Guzar

Alexandra Marie Hill

Anastasia Klymenko

Daniel Kovalchuk

David Korchevoy

Mark Kovalenko

Sofia Kovalenko

Nicholas Levkov

Ella Victoria Merkulov

Arthur Nonyak

Anna Okhman

Henry Okhota

Ian Okhota

Nikolas William John Perkins

Alexandra Sleight

James Prokopovych Tang

Nicholas Prokopovych Tang

Denys Tsymbala & Maxim Tsymbala

Anastasiia Tsymbalista

Veniamin Tykhonchuk

Emil Vasilenko

Sophia Voytovych

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Protecting our members In today’s digital world it’s easier than ever to buy something, share an experience, or find an answer through a search engine that sometimes is too good to be true. As a credit union that serves over 20,000 members nationwide, we make it a priority to not only protect our members’ financial information, but also help members protect themselves from potential threats. With scams on the rise and data breaches that reach epic proportions, we’d like to leave you with some helpful suggestions as we all navigate these waters together.

The website annualcreditreport. com permits one free report from each of the three credit bureaus once a year.

What’s in it for me? Your credit score is a strong indicator of your ability to pay back debt in a timely fashion, and a good credit score will help you get better loan rates on things like cars or a home. Learning about your credit score may also help you identify potentially fraudulent use of your personal information. Know where you stand with your credit score.

Many of us use our personal information to perform transactions online.

OK, so what? Personal information, such as your bank account number or social security number, is confidential and unique to you. Do not provide personal information over the phone or internet, unless you initiated the contact. Otherwise, you risk becoming a victim of fraud.

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Looking to do a home repair or improvement project? Learn about your contractor first.

Why? A home improvement project requires an investment of your time and money, and you want to be sure that your contractor is legitimate. Start by calling the Better Business Bureau at (800) 8285000 and also request a written contract from the contractor.

Tax season is around the corner, and it’s a popular time for scammers.

How so? In recent years there’s been a spike in phone calls from IRS impersonators requesting payment, debit or credit card numbers or other sensitive information.

Do not give out any information and hang up immediately. Remember that the IRS will never call to demand immediate payment and will typically mail you a bill first. Report the call either on the IRS Impersonation Scam Reporting

(https://www.treasury.gov/tigta/contact_ report_scam.shtml) webpage or call the Treasury Inspector General for Tax Administration at (800) 366-4484.

If something sounds too good to be true, it probably is. Stay vigilant and report any suspicious activity to the appropriate authorities.

В сучасному цифровому світі надзвичайно легко придбати будь-що, поділитися досвідом чи знайти відповідь на будь-яке питання через пошукову систему, що інколи занадто добре, щоб бути правдою. Як кредитна спілка, що обслуговує понад 20,000 членів по всій країні, ми вважаємо своїм завданням не тільки захищати фінансову інформацію наших членів, але й допомагати їм захищатися від потенційних загроз. В час, коли шахраїв все більше, а в кількість крадіжок персональних даних просто неможливо повірити, ми хочемо поділитися деякими порадами. Веб-сайт annualcreditreport.com дозволяє один раз на рік отримати безкоштовну інформацію від кожного з трьох кредитних бюро. Як це допоможе мені? Ваш кредитний рейтинг це важливий показник того, наскільки вчасно ви можете сплачувати борги. Хороший кредитний рейтинг допоможе отримати кращі процентні ставки при купівлі авто чи будинку. Інформація про свій кредитний рейтинг також допоможе вам передчасно ідентифікувати потенційне незаконне використання вашої персональної інформації. Знай свій кредитний рейтинг та залишайся захищеним.

Про підозрілі дзвінки повідомляйте на веб-сайті IRS Impersonation Scam Reporting (посилання: https://www. treasury.gov/tigta/contact_report_scam.shtml) або дзвоніть до Treasury Inspector General for Tax Administration (Генерального Інспектора з Податкової адміністрації) за телефоном (800) 366-4484. Якщо щось звучить занадто добре, щоб бути правдою, то, можливо, це так. Однак, залишайтеся пильними та повідомляйте про будь-яку підозрілу діяльність до відповідних служб.

Багато хто з нас використовує особисту інформацію для онлайн платежів: Ну добре, і що з цього? Персональна інформація, така як номер вашого банківського рахунку чи номер соціального страхування є конфіденційною та унікальною для вас. Не повідомляйте цю інформацію по телефону чи в мережі Інтернет, окрім випадків, коли ви самі є ініціатором розповсюдження цієї інформації, інакше ви можете стати жертвою шахраїв.

Плануєте ремонт житла? Спочатку дізнайтесь про вашого підрядника. Навіщо? Ремонт чи модернізація житла вимагає багато часу та коштів і ви повинні бути впевненні, що не натрапили на шахраїв. Подзвоніть спочатку до Better Business Bureau (Бюро кращого бізнесу) за номером (800) 828-5000 та вимагайте письмового контракту від підрядника.

Разом із сезоном сплати податків настає і сезон шахраїв. Що ви маєте на увазі? Впродовж останніх років спостерігається пік дзвінків від не справжньої Служби Внутрішніх Доходів (IRS), коли від вас вимагають платежі, номери кредитної або дебетової карти або іншу персональну інформацію. Ні в якому разі не надавайте жодної інформації та одразу кладіть слухавку. Пам’ятайте, що справжня Служба Внутрішніх Доходів (IRS) не вимагає термінових платежів за телефоном, та зазвичай спочатку надішле вам рахунок.

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Shared Branching 30,000

More surcharge-free ATMs than just about any bank, anywhere.

4,875

9,000

13,000

8,000

7-Eleven ATMs

16,000

16,000

More ATMs, coast to coast.*

*March 2017 comparison based on claims located at bankofamerica.com, chase.com, pnc.com, usbank.com, usbanklocations.com and wellsfargo.com

CO-OP Financial Services 9692 Haven Avenue Rancho Cucamonga, CA 91730

Ukrainian FCU makes it easy to access your accounts wherever you are.

CO-OPfs.org

Our members can take advantage of convenient surcharge-free ATMs & Shared Branch locations nationwide.

• Nearly 30,000 ATMs • Over 5,000 branches • Look for the CO-OP logo

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Perform transactions that include: • Check deposits • Cash deposits •T ransfers within accounts (same membership) •L oan payment by check, cash or transfer • Cash advances • Cash withdrawals • Check account balances • Check transaction history

©2017 CO-OP Financial Services 03212017CF1791

Wherever you see the CO-OP Shared Branch logo, all you'll need to access your accounts just as you would at your home branch are: • Photo identification • Your credit union's name • Your member or account number

Ми забезпечуємо легкий доступ до рахунку кожного члена, де б він не був. Наші члени можуть скористатись зручними банкоматами без додаткових oплат та відділеннями якi спiвпрацюють з СО-ОР програмою.

• Біля 30 000 банкоматів • Понад 5 000 відділень • Шукайте лого CO-OP.

Можливість виконання операцій: • Чекові депозити • Готівкові депозити •П ереказ між рахунками (спільне членство) • Оплата кредиту чеком, готівкою чи переказом • Отримання авансу • Зняття готівки • Огляд балансу на рахунку • Огляд історії операцій

У будь – якому місці, де Ви побачите цей логотип, отримати доступ до свого рахунку так само просто, як у себе вдома: • Фото ідентифікація • Назва Вашої кредитної спілки •В аш членський номер чи номер вашого рахунку

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IRAs

Choosing between different

IRA accounts are not JUST for retirement anymore. Are you ready for the new tax season?

Are you ready to prosper in the coming year and beyond?

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Review this useful information to help you make your decisions and open your new IRA account(s) with Ukrainian FCU. Decide which IRA suits you best. Compare Roth vs.

Traditional IRAs. Both have unique features. In addition to potential tax advantages you can benefit from excellent rates which UFCU offers on IRA savings and share certificate products. You can earn up to 2.25% APY (Annual Percentage Yield).

Can I contribute?

Roth IRA

You are eligible to contribute if you earn compensation or file a joint tax return with a spouse who earns compensation, and your modified adjusted gross income is less than or within the defined limits.

Traditional IRA

You are eligible to contribute if you earn compensation or file a joint tax return with a spouse who earns compensation and you are under age 70 ½.

Can I take an income tax deduction for my contribution?

Roth IRA

No. Roth contributions are not tax-deductible.

Traditional IRA

Depends on your marital and tax-filing status, your MAGI and whether you or your spouse participate in an employer sponsored retirement plan such as 401K. You may be eligible to deduct your full contribution or part of it.

How much can I contribute?

Roth IRA & Traditional IRA

For 2016, 2017 and 2018, your total contributions to all of your traditional and Roth IRAs cannot be more than: $5,500 ($6,500 if you're age 50 or older), or your taxable compensation for the year, if your compensation was less than this dollar limit.

What are the benefits?

Roth IRA

Your contributions grow tax-free. You fund a Roth with after-tax dollars, meaning you've already paid taxes on the money you put into it. When you withdraw at retirement, you pay no taxes.

Traditional IRA

You can make annual tax-deductible contributions. However earnings are not tax free.

When can I withdraw the money?

Roth IRA

You can withdraw contributions you made to your Roth IRA anytime, tax- and penaltyfree. You may have to pay taxes and penalties on earnings in your Roth IRA if you have had your Roth IRA less than five years.

Traditional IRA

Once you turn age 59 1/2, you can withdraw any amount from your IRA without having to pay the 10 percent penalty.

But regular income tax will still be due on each withdrawal. IRA distributions are not required until after age 70 1/2.

Penalties

Since the IRA is a retirement investment, there are certain penalties if you take out your money before retirement age. With the traditional IRA, you face a 10% penalty on top of the taxes owed for any withdrawals before age 59½. The same requirement holds true for the Roth IRA except under certain specific circumstances: as long as you’ve held the Roth IRA for five years and reached age 59½, you can withdraw your money penaltyfree. You’ll only owe taxes on any earnings from the account, since you funded it with pre-tax money.

For both types of IRA’s the qualifications for possible early withdrawal penalty exceptions include:

Disability, certain health insurance costs, certain medical expenses, higher education expenses, first time homebuyer, beneficiary distributions, military reservist distributions.

The Bottom Line

The Roth and traditional IRAs are easy to set up. Both plans have their advantages and disadvantages. Know the rules and consider which option can work best for you. Check the IRS.gov website for regular changes and updates.

For more information regarding UFCU IRA rates and specials please visit www.ukrainianfcu.org/rates.

* MAGI - Modified Adjusted Gross Income. Contributions and deductibility limits change frequently. Consult your tax professional regarding your individual circumstances.

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Congratulations to our employees!

New Employees Retiring

Yuliya Ivanova

Ilona Kaplun

Anna Mulyar

Yevgeniya Pavenko

Christine Tupyckyj

Donna Walsh

TELLER/MSR VANCOUVER

MSR/BACK UP TELLER SYRACUSE

RECEPTIONIST/BACK UP TELLER SACRAMENTO

Elaine Keller-Petryk ROCHESTER

TELLER/MSR PORTLAND

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TELLER ROCHESTER

CORPORATE MORTGAGE UNDERWRITER ROCHESTER

2017 Promotions

Miroslava Derkach

Roman Martyniv

Tatyana Paprotskiy

Lyudmila Shishkovskaya

Oksana Tkachuk

Lyubov Trofimuk

MSR/CONSUMER LOAN OFFICER SACRAMENTO

LOAN OFFICER SACRAMENTO

IT MANAGER ROCHESTER

LENDING OFFICER SACRAMENTO

ASSISTANT BRANCH MANAGER/ LENDING OFFICER SACRAMENTO

MSR SACRAMENTO

Iryna Pron

MSR/LENDING OFFICER AMHERST

Liliya Tsitsyura

CORPORATE MORTGAGE LOAN UNDERWRITER SACRAMENTO

Milestones

Thanks to our Staff for their many years of service!

Irene Grassman

Maria Milazzo

Lyudmila Mosiychuk

Tatyana Sushko

Yekaterina Guzar

Roman Kshysyak

Volodymyr Kunets

Nadia Masny

Sophia Kenn

Luba Nestorowycz

RECORD RETENTION SPECIALIST ROCHESTER | 5-YEARS

REGIONAL BRANCH MANAGER ROCHESTER | 10-YEARS

LOAN MANAGER ROCHESTER | 5-YEARS

COLLECTIONS SPECIALIST SACRAMENTO | 10-YEARS

LOAN PROCESSOR PORTLAND | 5-YEARS

TELLER/MSR WEBSTER | 10-YEARS

MARKETING & TRAINING SPECIALIST FEDERAL WAY | 5-YEARS

BRANCH MANAGER BUFFALO | 25-YEARS

ASST. HEAD TELLER SACRAMENTO | 10-YEARS

ACCOUNTS PAYABLE SPECIALIST ROCHESTER | 25-YEARS

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You called, we listened.

In order to improve our member service experience and communication channels, we implemented an upgraded phone system.

З метою покращення взаємодії та якості послуг для наших членів, ми вдосконалили нашу телефонну довідкову систему.

What changed?

Що змінилося?

•W e set up a call center to ensure that callers reach a live person each time they dial our toll-free number • Callers are greeted with a simplified menu, so that they may be directed to the appropriate department •O ur phone extensions changed from a 3-digit number to a 4-digit number. After dialing our toll-free number or local branch office numbers and when prompted, please dial ‘1’ and then the extension of the person you're trying to reach.

We appreciate all of the feedback we’ve received over the past few months, and we thank everyone for their patience as we all transition to the new system.

•М и створили контактний центр, подзвонивши до якого за безкоштовним номером, кожен зможе отримати консультацію у оператора; •З і спрощеним та покращеним голосовим меню витрачається менше часу на зв'язок з відповідним відділом; • Наші додаткові номери відтепер 4-х значні. Після дзвінку за безкоштовним номером або номером філії, будь ласка, натисніть цифру «1» та додатковий номер для з’єднання з відповідним працівником. Дякуємо за всі відгуки, що ми отримали за останні кілька місяців, адже вони є надзвичайно важливими для нас. Також дякуємо за розуміння у зв’язку з переходом на нову систему.

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A fresh new look In case you haven’t already noticed, we revamped our website and also moved from rufcu.org to ukrainianfcu.org.

The new website was the result of months of planning and developing. We hope that you like the new look and functionality!

Stay tuned for more updates as we continue to improve the online member experience.

In the meantime, we encourage everyone to visit our News & Events page on our website: ukrainianfcu.org/community/newsevents/. We feature various events in and around our branches and communities, and we invite you to share your experience with us, whether it’s at a credit union sponsored event and/or something at your local church or organization.

Feel free to e-mail us your *photos and brief description to marketing@rufcu.org. Submissions from Ukrainian FCU members in English and/or Ukrainian will be considered for credit union publications. Please note that we cannot guarantee that all material will be published. *Photo needs to be in high resolution (2 MB or higher) and description less than 100 words.

Як ви встигли вже побачити, наш веб-сайт змінив дизайн та став сучаснішим завдяки місяцям планування та розробки. Також вебсайт змінив стару адресу rufcu.org на нову ukrainianfcu.org. Сподіваємося, що вам сподобається новий дизайн та функціональність! Залишайтеся з нами та слідкуйте за оновленнями, ми продовжуємо вдосконалюватись. Між тим, відвідайте сторінку «Новини та Події» на нашому веб-сайті: ukrainianfcu.org/community/ news-events/. Наші філії та громади проводять багато різноманітних заходів і ми пропонуємо розповісти про свій досвід проведення заходів. Не має значення, що це за подія: організований кредитною спілкою захід та/або подія у вашій церкві чи організації. Будь ласка, надсилайте нам фотографії* заходів зі стислим описом на адресу marketing@rufcu.org. Повідомлення від членів УФКС українською та/або англійською мовами будуть розглянуті для публікацій кредитної спілки. Зверніть увагу, що ми не можемо гарантувати, що всі матеріали будуть опубліковані. *Фотографія має бути високої якості (2мб або більше), а опис – не більше 100 слів.

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Community News

Rochester & Webster

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G AC orporate Challenge Rochester & Webster staff participated in the annual running of the Corporate Challenge in downtown Rochester. The charitable event this year benefits Hillside Work-Scholarship Connection and the Catholic Family Center Adult Mentoring program.

BU NCUA receives award On behalf of the Ukrainian National Credit Union Association (UNCUA), Ukrainian FCU Chairman Wasyl Kornylo accepts a Distinguished Service Award from the World Council of Credit Unions at their Annual Conference in Vienna, Austria.

C2 6th Independence Day event Members of the local community and friends gathered at the Ukrainian Centennial Monument in Irondequoit to celebrate the 26th anniversary of Ukraine’s independence.

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D Open World Group Open World delegation from Ukraine visits Rochester.

ER oc Maidan and UCC RocMaidan and UCC volunteers enjoy an evening with the band Foolz during the Charitable Beer and Wine Tasting event at Ukrainian Cultural Center.

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FB izKids Seminar at Ukrainian School Main Office staff held a BizKids seminar at the Taras Shevchenko School of Ukrainian Studies – Ridna Shkola. The seminar focused on the importance of having a savings account.

GS eminar at SPC Our staff teamed up to deliver a thrilling evening of fun mixed in with financial education at the Slavic Pentecostal Church of Rochester.

H2 0th Annual Seabreeze Family Picnic We had fun participating in the 20th Annual Seabreeze Family Picnic. As a benefit of being part of the Ukrainian FCU family members were able to purchase discounted tickets to the amusement park.

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IC redit Union in Kyiv, Ukraine As part of USAID-financed CAP project, in conjunction with World Council of Credit Unions, UFCU Chairman Wasyl Kornylo and CEO Oleg Lebedko provided assistance to All-Ukrainian Credit Union Association (pictured: Wasyl Kornylo visits a credit union in Kyiv, Ukraine).

J- M St Josaphat’s Festival This year marked the 45th annual St. Josaphat’s Ukrainian Festival! We had the privilege to participate as the stage sponsor for the 4-day cultural event.

KM onroe County Executive, Cheryl Dinolfo (2nd from right), stopped by our booth to say hello.

LS ome young festival goers stand with UFCU staff for a quick break from the action.

M I rondequoit Town Supervisor, David Seeley (right), wears his vyshyvanka as a show of support.

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Community News

Albany

AU krainian Independence Day Albany Zorepad Dance ensemble performs during the Ukrainian Festival of Independence in Cohoes, NY. BU krainian Independence Day Boston The city of Boston came out to show support and celebrate Ukraine’s independence at City Hall Plaza with a flag raising ceremony.

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Boston

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Community News

Buffalo/Amherst

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C D AU krainian American Day The community and various parishes came together during Ukrainian American Day. Pictured with UFCU staff (L-R) is Fr. Yuriy Kasyanov from Holy Trinity Ukrainian Orthodox Church, Fr. Mykola Drofych from St. John The Baptist Ukrainian Catholic Church and St. Mary Ukrainian Catholic Church, and Fr. Andriy Kasiyan from Our Lady of Perpetual Help Ukrainian Catholic Church.

BH oly Trinity Ukrainian Heritage Festival Malvy, group pictured in the center, graced festival goers with their beautiful singing voices.

C St John The Baptist Ukrainian Catholic Festival D Youth Conference in Buffalo Regional Branch Manager, Sophia Kenn, pictured with community leader, Vova Poplavskiy, at the Youth Conference in Buffalo, NY. EH arvest Day of Thanks Oleg Lebedko, CEO, along with our Buffalo & Amherst staff, were invited to celebrate Harvest Day of Thanks at the Evangelical Christian Church in Buffalo, NY.

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Community News

Cleveland

AP okrova Ukrainian Ukrainian Festival Ukrainian FCU supported and attended the annual Pokrova Ukrainian Greek Catholic Church Ukrainian Festival in August. Current and future members stopped by our booth to say hello and tried their hand on the prize wheel.

BA nnual Ukrainian Village Parade We had a blast taking part in the annual Ukrainian Village Parade and St. Josaphat's Ukrainian Festival in Parma, OH. We also got our fill of varenyky at the Holy Trinity PierogiFest.

We proudly sponsored all three events.

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Community News

Portland/Vancouver

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B C AO regon State Senate Holodomor recognition Portland, OR State Senate passed a Concurrent Resolution designating November 25, 2017 Holodomor Remembrance Day to commemorate Holodomor, the man-made genocide of 1932-33 in Ukraine. Several Ukrainian FCU representatives had the honor of witnessing this historic moment including Tamara Denysenko, Board Member, and Oleksandr Moskal, Regional Branch Manager.

BU krainian-American Festival in Portland Oleg Lebedko (2nd from left) CEO, delivers a welcome greeting from the stage at the Ukrainian-American Festival in Portland, OR this past September. Wasyl Kornylo (right), UFCU President & Board Chairman, presents a donation to Ihor Levkiv, President of the Ukrainian American Cultural Association of Oregon.

CV ancouver Branch Expansion We are expanding! Our Vancouver branch is growing into a larger space, and we invited members of the community to help us celebrate with a ribbon cutting.

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Community News

Sacramento

AH ouse of Bread Christian Academy Opening Sacramento Branch Manager, Mikhail Tkach (left), attends the grand opening for the House of Bread Christian Academy in Orangevale, CA. BU krainian School Pictured here are students of the Ukrainian School at the First Ukrainian Church in Carmichael, CA. We presented a donation to the school as a show of support for continued learning for our Ukrainian American youth.

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Community News

Seattle

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B C AF inancial Seminar Local branch staff visited a City on a Hill Young Adults home group and held a discussion regarding key financial matters, such as the importance of a credit score, the long-term benefit of saving for the future, how debt can effect life and future decisions, and other similar topics.

BV oice of Hope Baptism In August Voice of Hope Church held its annual Water Baptism. Ukrainian FCU supported the event by providing refreshments for the ensuing celebration.

CB izKids Financial Seminar We hosted our very first in-branch BizKids seminar this past Fall. BizKids is a national financial education initiative that our credit union is proud to partner with. Our goal is to engage our youth members early on and teach them the importance of managing their money.

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Community News

Syracuse

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A- B ODESA Dance Ensemble The young boys and girls of the ODESA dance ensemble pose in their beautiful outfits during the annual St. John the Baptist Ukrainian Festival in Syracuse, NY. UFCU is proud to support the dancers as well as the festival.

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CU krainian Youth Association (CYM) As part of International Credit Union Day on October 19 our Syracuse staff teamed up with the local chapter of the Ukrainian Youth Association (CYM) to help deliver backpacks to children in Ukraine.

Congratulations to our

Scholarship Recipients

Ukrainian FCU and the Ukrainian-American Community Foundation, Inc. are committed to supporting UFCU student-members educational aspirations with annual scholarship awards.

The Ukrainian-American Community Foundation established a Graduate Scholarship program in 2016 for highly motivated UFCU members pursuing a variety of advanced degrees. Olga Bilokin, Tanya Bucierka, Roman Kowalchuk, Olenka Masny and Nataliia Vasylchuk were the first Graduate Scholarship recipients. In addition to the two $1,000 Ukrainian FCU funded scholarships, Dr. Christine Hoshowsky, educator, long-time Rochester Ukrainian-American community activist and president of Rochester Ukrainian Group (RUG) funded two $1,000 Rochester Ukrainian Centennial Scholarships. Mr. and Mrs. Richard Harris, donated $1,000 for a Memorial Graduate Scholarship in honor of Richard’s parents, Paul and Lorraine Harris, who established Harris Funeral Home over 68 years ago in Rochester, NY. Serving on the Graduate Scholarship Committee were Evhen Lylak, Ed.D., (RIT), Olena Prokopovych, Ph.D, (Nazareth College) and Olenka Dilai, (Monroe Community College).

Pictured Above: The 2017 undergraduate scholarship winners together with the Undergraduate Scholarship Committee, Ukrainian-American Community Foundation, and UFCU officers.

Pictured Below: The 2017 graduate scholarship winners together with the Graduate Scholarship Committee, Ukrainian-American Community Foundation, and UFCU officers, and the Rochester Ukrainian Centennial and Harris Memorial Scholarship donors.

For the latest information regarding our undergraduate and graduate scholarship programs, visit ukrainianfcu.org/about-us/scholarships/

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NOTICE

2018 Annual Member Meeting & Election of Ukrainian FCU Board of Directors Sunday April 15, 2018

St. Mary The Protectress Ukrainian Orthodox Church Hall 3176 St. Paul Blvd., Rochester, New York The election of directors to the board will take place in compliance with NCUA bylaws Article V, Section A4. The Chairman of the Board of Directors will appoint a nominating committee. There are three (3) vacancies for the board of directors, which must be filled for 2018. The nominating committee will nominate one member for each vacancy. These nominations will be filed with the Secretary of the credit union by Monday, January 15, 2018. Nominations will also be accepted by petition signed by one percent (1%) of the membership, or two hundred eight (208) members. To be effective, the petition has to be accompanied by a statement of qualifications, biographical data, photograph and a signed certificate from the nominees stating that they are agreeable to the nomination and will serve if elected to office.

The closing date for receiving any nominations by petition is Tuesday, March 6, 2018. Nominations must be filed with the Secretary of the credit union, Richard Harris, at 824 Ridge Rd. E., Rochester, NY 14621. Nominations will be posted in each credit union office thirtyfive (35) days prior to the annual meeting. Elections will not be conducted by mail ballot and there will be no nominations from the floor if only one nominee for each position was submitted. In the event there is more than one nominee for any position to be filled, voting instructions will be provided to all members eligible to vote.

Board members whose term is expiring in 2018: Yaroslav Fatyak, Richard Harris, Yaroslav Kirik.

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