Thursday, 19 September 2024

Mendo Lake Credit Union reports on 2015 accomplishments

UKIAH, Calif. – Mendo Lake Credit Union recently celebrated its 57th annual meeting for MLCU members.

Highlights of MLCU’s accomplishments from 2015 were outlined by Board of Directors Chairman Robert Scott, President/CEO Richard Cooper, Supervisory Committee Chairperson Ginger Kite and Marketing and Community Outreach Director Jamey Gill.

“We are extremely grateful to our members for your continued support,” Scott said.

With his two-year term as chair of the board reaching its conclusion, Scott emphasized his gratitude for the individuals involved in providing credit union’s services and outreach to the community.

“I would like to express my sincere appreciation to all the MLCU volunteers and staff for their combined efforts. Most importantly, my thanks go out to our membership for your enthusiastic support – for without you, none of this would be possible!” Scott said.

Scott also noted that MLCU was honored by Credit Union Times with the 2016 Trailblazer Award for Outstanding Service to the Underserved.

Cooper reported that the credit union’s assets increased from $188 million to $216 million last year, with membership growing to 28,000.

Cooper also noted, “MLCU originated over $65 million in new consumer and real estate loans during the year.”

Both Cooper and Scott remarked on the willingness and dedication of MLCU to assist the community. Last year saw devastating wildfires destroy hundreds of homes and businesses in southern Lake County.

MLCU was there to help members with loan extensions and offered hundreds of hours of volunteer time, as well as assistance coordinating distribution of aid funds from a variety of sources to fire survivors, in partnership with North Coast Opportunities.

Continuing its tradition of supporting the community, MLCU invested more than $85,000 in more than 100 Mendocino and Lake County nonprofits and service organizations.

MLCU staff contributed 600-plus volunteer hours at local events. The credit union also administers the Arlene Colombini Scholarship college scholarship, and staff conducts financial literacy programs aimed at all ages.

Kite reported that the 2015 independent audit confirmed MLCU’s financial statements to accurately represent the financial condition of the credit union.

Gill concluded the meeting with a short video presentation highlighting fire relief efforts, and thanking North Coast Opportunities for their continued partnership.

Cooper stated, “We are thankful to the National Credit Union Foundation as well as the Fire Family Foundation (a division of Firefighters First Credit Union) for their contributions to the relief efforts.”

MLCU’s acknowledges the work of its Board of Directors which includes Scott, Vice Chairman Monte Hill, Treasurer/Secretary Arlene Colombini, and Directors John Burke, Larry Myers, Madelin Holtkamp, Cameron Reeves, Dale Simpson, Carolyn Welch and Director Emeritus Jack Daniels. 

The supervisory committee was also recognized for its service. Members include Kite and members Leslie Banta, Tami Bartolomei, John Kuhry and Dennis Rollins.

Mendo Lake Credit Union is a member-owned financial cooperative and has been serving members’ financial needs since 1959 – with branches located in Lakeport, Clearlake, Fort Bragg and Ukiah.

For more information, contact Jamey Gill, director of Marketing and Community Outreach, at This email address is being protected from spambots. You need JavaScript enabled to view it. or 707-467-4809.

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