Credit Committee Report

The Credit Committee and Loan Consultants of your credit union, acting under the laws of the State of Ohio and in compliance with the policies of our board of directors, completed another exceptional year helping members satisfy their financial needs.

The Credit Committee and Loan Consultants reviewed and approved 1,372 loans in 2007 representing $17,813,775.88 in new loans granted. I would like to thank the SELCCU staff for their help in making 2007 an exceptional year for loans at our credit union.

With the introduction of new technology and automated underwriting processes, the Credit Committee dissolved effective January 17, 2008. It has been a pleasure serving the credit union. Thank you for the opportunity.

Respectfully,