Money Connection Winter 2022

2 More Ways To File. More Ways To Save. Coming Soon! NEW CCCU Online Banking & Mobile App 3 Don’t Fall For These Robocall Scams 4 What’s Up at CCCU? MONEY CONNECTION Coca-Cola Credit Union Quarterly Member Newsletter | Winter 2022 A MESSAGE FROM THE PRESIDENT No one could have predicted the length of time that the economy has required to recover. A variety of economic headwinds have battered the recovery, causing output growth to be somewhat slower than was expected in prior projections. Over the coming decade, growth is expected to be gradual but persistent, bringing the unemployment rate down and returning the macroeconomy to a more stable position. Fed Chairman, Jerome Powell, signaled he does not expect rates to move very much, at least on the bottom end. Powell has consistently said he does not anticipate the Fed will take action on rates until late 2022 or 2023. 2022 is expected to be a lot like 2021. Obviously, COVID is still presenting credit unions with a lot of uncertainty. Economically, things should be a little more stable unless we get a strong bout from a new variant. Although most economists believe that broad shutdowns are not expected. Coca-Cola Credit Union had another successful year in 2021 and continues to be very stable, solid, and sound. As of the third quarter of 2021, the Credit Union realized growth and exceeded expectations in many key areas: • Capital grew over 11% • Year-to-date loan growth of 5.11% • Return on assets of .68% (or $1.2 million) • Excellent asset quality with loan delinquencies & charge-offs at historic lows; .22% and .07% respectively Your money is more than a series of transactions—it’s an investment in a relationship at Coca- Cola Credit Union. It’s not only our scope of financial services that distinguishes us, but it’s the delivery of those services. That’s where we shine. We offer convenience. Refreshing Financial Solutions is more than a tagline for us. We make sure our services are available when and where you need them. Our mobile banking app and mobile check deposit technologies add convenience to your busy day. Our thousands of shared service centers are conveniently located throughout the U.S. Our ATM network offers over 30,000 surcharge-free ATMs, covering all 50 states and 10 countries – an ATM network that’s larger than almost any bank. In short, we make it easy for you to bank with us. Thank you for your support, partnership, and business. Rob Hatefi, CCE President/CEO Rob Hatefi, CCE President/CEO