IFCU Annual Meeting of Members
Save the Date:
June 20, 2023:
River City Community Center
2842 Old U.S. 231
Lafayette, IN 47909
Doors open at 5:00pm
Meeting starts at 7:00pm
5:00pm - 7:00pm hors d'oeuvres and Financial Fair.
Be sure to visit all the tables!
Why should you attend?
The Credit Union’s Annual Meeting is the Annual Meeting of Membership. The event is casual and open to the entire family. Members are invited to arrive as early as 5:00 p.m. to enjoy hors d’oeuvres while walking around our financial fair. Be sure to visit all the tables! The meeting will begin at 7:00 p.m. to announce last year’s results and the plans that leadership has for the year. Raffle drawings will be throughout the meeting. Good luck! Come learn how members can be involved in the Credit Union. When members actively participate and share ideas, the entire credit union benefits. You will have the opportunity to meet the Board of Directors, President/CEO, and the Management Team. You will also be able to talk with staff who you see in the branches and talk with on the phone every day! Plus, you can meet other credit union members.
We will plan to see you on June 20!
Fun for the whole family!
Raffle Drawings Throughout Meeting!
You could win:
Apple iPad
Apple Airpods
iRobot Roomba
50" 4K Smart TV
Bose Solo Soundbar
JBL Bluetooth Speaker
Ring Doorbell with Echo Show
One of 3 Pizza and Putt-Putt Baskets
A Chance at 5 - $100 Gift Cards
The Nominating Committee nominated two individuals to be elected as Directors at the Annual Meeting: Jerry Reynolds, who is a current Director, and Kimberly Byers as a new Director.
This Year’s Nominees Are:
JERRY REYNOLDS: Jerry Reynolds is a life-long resident of Tippecanoe County and has been a member of Industrial Federal Credit Union since 1968. He is a graduate of Battle Ground High School and attended Ivy Tech, studying Fire Technology and Fire Arson and Inspection. After nearly 40 years, Jerry retired from the Lafayette Fire Department where he held several positions up to Assistant Fire Chief. Jerry was owner/operator of the Edwood Glen Golf Course for 38 years. He received “The Distinguished Hoosier Award“ and the “State Fire Marshall’s Award of Merit” from the State of Indiana. He is on the Board of the Indiana Fire Fighters Association and served on the Executive Board of Lafayette Spinners Basketball. Jerry serves as a Lafayette City Council Member and sits on the Solid Waste & Recycling, Annexation, Redevelopment & Zoning, and Police & Fire Committees.
KIM BYERS: Kim Byers is currently a Senior Auditor with Ivy Tech Community College and has been with the College since May 2001, all with her years of service within the Internal Audit Department.
Ms. Byers currently serves as Chair of the IFCU Supervisory Committee. Kim join the Supervisory Committee in 2017, was elected to Co-Chair in February 2019 and was graciously nominated as Chair in October 2019.
Ms. Byers is a 1998 graduate from Purdue University with a bachelor’s degree in Financial Planning. With her background in banking starting in her Benton Central High School Cooperative Work Program at Fowler State Bank, continuing throughout her College years at NBD Bank, in which she held many banking positions from file clerk on up to Branch Float Supervisor.
Ms. Byers was also recruited as a temporary IFCU Internal Auditor from October 2014 until April 2015.
Keeping with her small-town roots growing up in Benton County, Ms. Byers currently resides in the Westpoint area and as an avid animal lover, she has 2 horses and 2 dogs.
Ms. Byers also enjoyed her over 10+ years of volunteer and certified teaching experience with a therapeutic horse program individual with special needs, CHAPS.
There were no nominations by petition. Given that the number of nominees equals the positions to be filled, there will be no nominations from the floor.
Meet Ross!
Ross the Robot was born as just a little gear in 1954, coming from a long lineage of robots who originated in the guard shack at Ross Gear. With each new generation, technological advances evolved, to form the Ross we know today. Ross’ toolbox has constantly been refitted as demands change in this ever-evolving world. While Ross’ appearance has changed since his first origination, he is still the same Robot-at-heart. Ross is fueled by the requests and services provided to our members. He lives his best robot life and renews his charge every time he’s able to assist IFCU members, of every age. As times and needs change, Ross stays ahead of the game while shifting and molding to fit our member’s needs as best as possible. IFCU’s constant investment in technology really puts Ross in robot motion. Ross loves to be a reminder that IFCU products and services can be accessed from virtually anywhere, to be used by our members at their convenience. The future and possibilities of Ross and IFCU are endless. Let’s see how bright we can shine!
Our Mission
As a member-owned financial institution, our priority is to provide quality financial services that consistently exceed expectations and mutually benefit our members and their credit union.
Our Vision
Our vision is to serve as our member’s primary financial institution by tailoring products and services that meet their financial goals and objectives.
Making a difference. Sharing the benefits.
Our Difference
Our Board of Directors are members of IFCU too, and work hard to incorporate the philosophy " not for profit, but for service."
Members at a credit union are member-owners because his or her deposit represents a share of ownership; however at a bank, the owners are typically small groups of investors. Credit union members are united by a common bond of membership.
Our Commitment
IFCU's employees give freely of their time, talents, and energy throughout the year by contributing to several great causes.
With the credit union philosophy of "people helping people" in mind, IFCU believes in giving back to the communities around us. We’re dedicated to helping better our communities through a wide variety of sponsorship and education programs. Through financial contributions, resource donations, and staff volunteering; IFCU supports several events in our community.
Who Are We?
As a member-owned financial institution, our priority and mission is to provide quality financial services that consistently exceed expectations and mutually benefit our members and their credit union.
The Credit Union Difference
A credit union is a financial cooperative composed solely of member-owners who share the philosophy of “not for profit, but for service.” Unlike some financial institutions, the people on our volunteer Board of Directors are member-owners, who work in the best interest of other fellow member-owners. Since the Board of Directors are volunteers, profits are returned to members in the form of lower loan rates, low or no-fee products and services, and higher savings rates.
Members at a credit union are member-owners because his or her deposit represents a share of ownership; however at a bank, the owners are typically small groups of investors. Credit union members are united by a common bond of membership.
Financial markets fluctuate over time. When the market dips, banks tend to either raise loan interest rates or close altogether. Credit unions rely on financial reserves to absorb unexpected losses, so members are protected when times get tough. Also, IFCU is insured by the National Credit Union Administration (NCUA), a U.S. government agency, for deposits up to $250,000.
Our History
The employees of Ross Gear (now TRW Ross Gear Division) originally chartered Industrial Federal Credit Union (IFCU) in 1954. It was their desire to lay the foundation for a financial institution owned and directed by its own members. Originally located in a tiny office on the Ross Gear premises at 800 Heath Street in Lafayette, the credit union offered savings accounts and small personal loans. Although our services and locations continue to expand, we're still directed by the philosophy of our founding members—service to our members. It's the reason we're here. Today, it is still owned by its shareholders, others like you who have a credit union account. Membership remains exclusive to those affiliated with IFCU and their immediate family members. Membership is forever, even if you leave the employer through whom you joined IFCU.
Since its modest beginning in 1954 your credit union has grown to over $300 million in assets offering full service banking to over 30,000 members. Your credit union succeeds through its mission of building valued member relationships by delivering convenient, personalized banking solutions.
IFCU's Volunteer Board of Directors:
- Albert L. Davis, Jr. - Chairperson
- Jerry Reynolds - Vice Chairperson
- Travis Duell - Financial Officer
- Pam Thompson - Secretary
- Art Schai - Director
- Mick Maris - Director
- Jim Hardison - Director
