2012 Annual Report

Celebrating

People Helping

People

In 2012, Fox Communities Credit Union celebrated 75 years of upholding what credit unions stand for… “People Helping People”. We began in the Combined Locks Mill as several workers decided they wanted to help others by pooling funds together and lending out money to those in need. They would keep track of the money brought in and lent out on a separate sheet of paper. This concept grew as they were able to help more people.

Greg Hilbert, President of Fox Communities Union states, “Fox Communities lives by this simple but fulfilling mission of people helping people. This is what the credit union philosophy is built on. We have grown over the years, from a small team of mill workers coming together for

a common need, to now being able to serve almost 70,000 members with 15 locations from Green Bay to Oshkosh.”

Fred VanHandel, Board Chair, adds “What does this mean to you, our members? It means that we work diligently to provide the best products and services to you and maintain a strong, secure, solid credit union. Our Board of Directors and staff members strive every day to think through all decisions. We constantly have our members’ best interest in mind as we continue to grow and provide you with the very best in financial services.” As the economy continues to improve, we have experienced growth in many of our core areas in 2012. Our loans grew by 8.5%, deposits by 12.8% and membership has increased by 7.5% to now

75 years of People Helping People!

almost 70,000 members. Mortgage refinances drove loan growth, along with our members feeling better about the economy and purchasing vehicles again!

Clark Howard, America’s leading consumer advocate, was back in the Fox Cities again to present in May. We have been the major sponsor in bringing him to the area over the last six years. Attendees always leave his presentation armed with financial advice they can apply to their everyday lives. A direct quote and tip from Clark Howard’s book, Living Large in Lean Times, states, “Fire your bank and join a credit union! It’s often been said that there are no free lunches. But I think all credit unions come pretty darn close.” On August 1, 2012, Sunrise Credit Union, in Green Bay, merged and became part of Fox Communities Credit Union. This consolidation provided Sunrise members the added convenience of additional branches and ATM locations, along with better loan and deposit rates. Cal Radue of Fox Communities Credit Union and former President of Sunrise agrees, “This partnership allowed us the opportunity to continue to grow and stay competitive with the ever-changing needs of our members.” To celebrate we held a brat fry at our Green Bay locations for all members!

In September, our Kimberly office remodel was completed. This new design allowed for a more personalized member experience where the member stands side-by-side with the staff member to view their accounts and complete their transaction. Nancy Krahn,

It is why we exist.

Vice President of Member Service, comments, “This new concept was first implemented when we updated our Green Bay Ashland Avenue office in 2010. It was so well received that we will continue with this concept as we look to remodel existing locations and build new ones.”

After the Kimberly remodel was completed, we broke ground for our new Howard office that is now located at 2525 Lineville Road. Staff moved from the prior Lineville location to this one where we now provide a more accessible drive-thru, convenience of a drive up ATM and additional parking!

In 2012, we supported local community efforts in many ways; clothing drives, individual donations and causes, corporate sponsorships and capital campaigns. Giving back to the communities that we serve is always a top priority for Fox Communities Credit Union, even in some of the toughest economic times. “People Helping People”, this is why we exist. As technology evolves and impacts our lives, Fox continues to make this a top priority. 2012 key online and mobile banking initiatives:

• Mobile bill pay…with a mobile device you now have the ability to pay, receive and organize bills in a safe and secure environment with EasyPay 24 hours a day, 7 days a week.

• See, Jump, Transfer…a new kind of automation that gives total access and convenience to all of your related accounts online. Accounts that qualify for this include

memberships opened under the same social security number and memberships on which you are a joint owner, such as a spouse’s account.

• Text banking…send a text message command to receive a text reply regarding the balance of your accounts. Protecting the security of our member’s accounts remains a focus for the credit union. As technology continues to grow and becomes such a large part of our everyday banking, we are diligent about providing online protection to our members. Our online banking is designed to safeguard your money by using the latest internet security technologies.

Throughout 2012, we celebrated 75 years of supporting what credit unions stand for, “People Helping People”. Thank you to our members, great staff and dedicated Board of Directors for making us Fox Communities Credit Union.

We look forward to another

75 years and a prosperous

2013 for everyone!

Statement of Financial Condition

Statement of Operation

Assets 2012 2011Cash and Cash Items $ 36,206,511 $ 24,780,854 Investments $ 148,996,310 $ 122,021,595 Vehicle Loans $ 82,644,150 $ 72,787,885 Real Estate & Home Equity Loans $ 397,859,143 $ 353,948,225 Business Loans $ 176,842,223 $ 168,391,944 All Other Loans $ 28,629,160 $ 37,246,001 Allowance for Loan Losses $ (6,736,280) $ (6,631,505)Fixed Assets $ 15,079,918 $ 13,956,528 Receivables & Other Assets $ 15,866,029 $ 17,101,805

Total Assets $ 895,387,164 $ 803,603,332

Liabilities & Member EquitySavings & Club Accounts $ 160,315,553 $ 130,787,912 Checking Accounts $ 105,351,918 $ 90,250,335 Money Market / Investment Share Accounts $ 175,132,046 $ 160,193,748 Certificates of Deposit $ 179,090,075 $ 167,088,060 Individual Retirement Accounts $ 57,589,955 $ 52,090,580 Borrowings $ 120,032,228 $ 110,168,248 Other Liabilities $ 5,159,431 $ 10,307,379 Total Net Worth Reserves $ 92,715,958 $ 82,717,070

Total Liabilities & Member Equity $ 895,387,164 $ 803,603,332

IncomeInterest on Loans $ 31,678,441 $ 32,557,066 Investments $ 1,612,235 $ 879,414 Other Income $ 9,986,094 $ 10,033,820

Total Gross Income $ 43,276,770 $ 43,470,300

ExpensesSalaries & Benefits $ 12,236,660 $ 11,268,591 Office Occupancy & Operations $ 4,239,962 $ 4,050,343 Education & Promotion $ 1,503,526 $ 1,351,286 Provision for Loan and Lease Losses $ 670,971 $ 1,764,861 NCUA Insurance $ 593,274 $ 1,431,697 Outside Services & Other Operating $ 5,589,614 $ 5,742,781 Cost of Borrowing $ 4,473,615 $ 5,198,004 Dividends Paid to Members $ 4,371,858 $ 5,260,323

Total Expenses $ 33,679,480 $ 36,067,886 BALANCE TO RESERVES $ 9,597,290 $ 7,402,414

Our Mission

We at Fox Communities Credit Union have a

commitment to enrich the quality of life for our

members through personalized financial services.

The Credit Union is dedicated to the protection of

our members’ financial well-being and to operate

in an economically sound manner.

The Credit Union will provide an atmosphere of

professionalism, friendliness, and mutual trust.

We shall remain strong in the communities

through our support and involvement.

www.foxcu.orgFederally Insured by NCUA

Board of Directors

Fred VanHandel - Chair of the BoardPaul Sippl - Vice ChairJoanne Bogenschutz - Secretary / TreasurerDavid Carney - DirectorSharon Gunderson - DirectorDouglas Schley - DirectorRich Scott - DirectorAlan Timmerman - DirectorMary Zito - Director

15 convenient locations from Green Bay to Oshkosh!Appleton

(920) 993-90003401 E. Calumet Street

610 E. Wisconsin Avenue1724 S. Lawe Street

2531 Highway Drive (OO & A)

Kimberly(920) 993-9000

528 S. Washington Street

Neenah(920) 993-9000

1151 Westowne Drive(Hwy 41 & Winneconne Avenue)

Green Bay Area(920) 490-2900

2170 S. Ashland Avenue1313 Main Street505 Clinton Street

515 Redbird Circle • De Pere2525 Lineville Road • Howard

Black Creek(920) 984-4200

502 S. Main Street

Clintonville (715) 823-21913 N. Main Street

New London(920) 982-9420

1302 N. Shawano Street

Winnebago/Oshkosh Office(920) 233-2890

Winnebago Mental Health Institute Grounds