CEO Corner: Building Momentum Together

CEO Corner Building Momentum Together
As we continue moving through 2026, I wanted to take a moment to reflect on the incredible progress our credit union has made over the past year. Thanks to the continued trust and support of our members, we are seeing strong positive momentum across every area of the organization — and the trajectory ahead is extremely encouraging.
 
Over the last year, we proudly grew our membership to more than 1,300 members, a milestone that reflects the strength of our relationships and the value our members see in community-focused banking. Membership growth is one of the clearest indicators of trust, and we are grateful that more individuals and families are choosing to bank with us.
We also experienced loan growth of 9%, demonstrating that members continue turning to us for affordable lending solutions to finance vehicles, consolidate debt, home improvements, and achieve important financial goals. At the same time, we saw continued growth in both deposits and overall assets, further strengthening the financial position of the credit union and positioning us for long-term success.
 
One area we are especially excited about is the expansion of our Select Employer Group (SEG) partnerships. Our SEG Benefits Package continues to provide meaningful value to local employers and employees by offering accessible financial services, competitive products, and personalized support. We believe these partnerships will continue to play an important role in our future growth and community outreach efforts.
 
In addition, we introduced our Money Market Plus account, giving members the opportunity to earn a competitive 3.00% APY while maintaining flexibility and access to their funds — without the need to lock money away for an extended period of time. In today’s financial environment, providing both strong returns and liquidity is important, and we are proud to offer products that meet our members’ evolving needs.
 
As CEO, I could not be more optimistic about where we are headed. The foundation we are building today is creating new opportunities for growth, innovation, and enhanced member service tomorrow. While we are proud of the progress we have made, we remain focused on continuing to improve, expand our offerings, and strengthen the member experience.
Thank you for your continued support, loyalty, and confidence in our credit union. Together, we are building something special — and we are just getting started.
 
Michael DiPlacido
CEO
1166 Federal Credit Union