2 0 1 4 Annual Report

2014 Board of Directors

Edward C. HilliardChairman

Mary S. Edenfield-Gibbs

Secretary

Kenneth L. BabbittDirector

James A. KiddVice Chairman

Jackie D. CleghornDirector

Donald R. HansonDirector

John A. JonesTreasurer

Harold J. SawyerDirector

Michael D. ParkerDirector

Annual Meeting Agenda• CalltoOrder&DeclarationofQuorum

• InvocationandPledgeofAllegiance

• AppointmentofParliamentarian

• Chairman’sWelcome&Introductions

• MinutesofthePreviousMeeting

• VideoPresentation

• MessagefromtheChairman

• MessagefromthePresident/CEO

• UnfinishedBusiness

• NewBusiness

• ElectionUpdate

• PrizeDrawings

• Adjournment

Weareexcitedtoreportthat2014provedtobeanotherstrongyear

forRobinsFederalCreditUnion.Itisbecauseofyou,ourdedicated

members,thatweareabletocontinuetogrowandlookforwaysto

provideBetter Banking for Everyone.Thankyouforyourcontinued

loyaltyandtrust.

Productandserviceenhancementswereatthetopofthelistfor2014.

WeupdatedandimprovedourOnlineBanking,MobileBanking,and

BillPayplatforms,providingyouwithincreasedsecurity,newfeatures,

andself-serviceoptions.Wewouldliketothankyouforyour

patienceduringthisconversionasweknowthesechangescaused

someinconvenience.

In2015,ourfocuswillcontinuetobeonprovidingqualityfinancial

productsandservices,greatratesandhelpingyouachievefinancial

success.Fromourmemberstothecommunity,wewillcontinueto

lookforwaystomakeadifferenceinthelivesofthoseweserve.

Onbehalfofourstaff,managementteamandBoardofDirectors,Iwant

tothankyouformakingusyourtrustedfinancialpartner.Thankyoufor

yourmembershipandwelookforwardtocontinuingtoserveyouand

yourfamilyin2015.

John R. RheaPresident/CEO

A Message from theChairman & President

Edward C. HilliardChairman

Serving Our Community• In2014,yourcredituniondonatedover$200,000to170groupsand

worthyinitiatives.

• RobinsFederalstaffpledgedover$41,000totheUnitedWayofCentralGeorgiaduringourannualfundraisingcampaign.

• 50carepackageswerepreparedfortroopsdeployedoverseasduringtheholidaysand45carepackageswerecreatedforMealsonWheelstodelivertoclientsonChristmasdayalongwithahotmeal.

• Forthe18thconsecutiveyear,RobinsFederalawarded5HighSchoolSeniorswithscholarshipstocollege.Sinceitbegan,thisprogramhasallowedustoinvestover$270,000inthefutureofouryoungmembers.

• TwoblooddrivesfortheAmericanRedCrossweheld,whichhelpedsaveover180lives.

• Over140employeesparticipatedintheAmericanCancerSociety’sRelayforLifeandraisedover$36,000.

• Byhosting8FreeShredDayevents,RobinsFederalhelpedmemberssecurelyshredover30tonsofpaper.

• OurSWAGPatrolcontinuedtheirmissiontosurprisepeopleinthe communitywithrandomactsofkindness.Frombuyingsomeone’sgroceriestopayingfortheirgas,thisprogramhasinvestedcloseto$12,000throughrandomactsofkindness.

Supervisory Committee

ReportSupervisory Committee

RobinsFederalCreditUnion’sfinancialreportingprocessisroutinelyreviewedtoverifyourmembers’bestinterestsarebeingserved.ThisresponsibilityisheldbytheSupervisoryCommittee.WecontinuouslyoverseethefinancialstatementsofthecreditunionandauthenticateinternalcontrolsandoperationsareincompliancewiththeNationalCreditUnionAdministration.

In2014,CPAfirmNearman,Maynard,VallezCPA&Consultants,P.A.andfederalexaminerswiththeNationalCreditUnionAdministration(NCUA)conductedoutsideaudits.BothorganizationsreportedthatRobinsFederalCreditUnioncontinuestobefinanciallystrong,stableandextremelywell-managed.

ItiswithgreatsatisfactiontoreportthatRobinsFederalCreditUnioncontinuestoholdthehighestnetworthratinggivenbytheNCUAof‘well-capitalized’.Inaddition,Iamhappytonoteallmembers’accountsremainsecureandinsureduptoatleast$250,000bytheNCUA.

ThehighstandardsandfiscalsoundnessofRobinsFederalCreditUnionresultedinmorethan$8.5millionindividendspaidtomembersin2014.Asweheadinto2015,weareeagertomaintainthiskindofservice,security,andbankingvaluetoallourmembers.

Barry Brown

Ken Babbitt

Don JarzynkaChairman

Statement of Financial Condition

ASSETS 2013 2014

Loans $977,539,726.40 $1,064,839,451.91

Less:AllowanceforLoanLoss $(7,856,351.58) $(8,374,073.77)

Cash $15,906,505.04 $28,716,638.79

Investments $749,835,086.75 $757,496,950.95

FixedAssets $24,679,542.65 $24,260,726.79

OtherAssets $73,144,638.70 $86,168,676.55

TotalAssets $1,833,249,147.96 $1,953,108,371.22

LIABILITES

MemberDeposits $1,563,167,028.81 $1,634,974,402.35

DividendsPayable $146,875.89 $143,057.05

AccountsPayable $8,015,519.36 $9,486,846.22

OtherLiabilities $6,506,386.77 $8,290,459.59

TotalLiabilities $1,577,835,810.83 $1,652,894,765.21

EXPENSES

DividendExpenses $7,487,704.54 $8,546,979.25

ProvisionforLoanLoss $4,054,204.43 $5,194,518.16

EmployeeCompensationandBenefits $20,472,452.51 $21,613,045.92

OtherOperatingExpenses $16,740,439.03 $18,150,857.88

NCUSIFassessment $1,239,441.47 $0

TotalExpenses $49,994,241.98 $53,505,401.21

NetIncome $35,218,524.00 $36,315,704.89

TotalMembers 152,748 159,049MEMBERS’ EQUITY

Regularreserve $12,679,007.52 $12,679,007.52

Undividedearnings/otherreserves $242,734,329.61 $287,528,626.54

EquityAcquiredinMerger $0 $5,971.95

TotalMember’sEquity $255,413,337.13 $300,213,606.01

TotalLiabilities&Members’Equity $1,833,249,147.96 $1,953,108,371.22

INCOME & NON-OPERATING INCOME 2013 2014

LoanInterestIncome $45,611,598.16 $46,797,772.30

InvestmentIncome $9,797,998.96 $10,351,998.67

OtherIncome $29,803,168.86 $32,671,335.13

TotalIncome $85,212,765.98 $89,821,106.10

Loans $977,539,726.40 $1,064,839,451.91

Less:AllowanceforLoanLoss $(7,856,351.58) $(8,374,073.77)

Cash $15,906,505.04 $28,716,638.79

Investments $749,835,086.75 $757,496,950.95

FixedAssets $24,679,542.65 $24,260,726.79

OtherAssets $73,144,638.70 $86,168,676.55

TotalAssets $1,833,249,147.96 $1,953,108,371.22

Liabilites

MemberDeposits $1,563,167,028.81 $1,634,974,402.35

DividendsPayable $146,875.89 $143,057.05

AccountsPayable $8,015,519.36 $9,486,846.22

OtherLiabilities $6,506,386.77 $8,290,459.59

TotalLiabilities $1,577,835,810.83 $1,652,894,765.21

Members’Equity Regularreserve $12,679,007.52 $12,679,007.52

Undividedearnings/otherreserves $242,734,329.61 $287,528,626.54

EquityAcquiredinMerger $- $5,971.95

TotalMember’sEquity $255,413,337.13 $300,213,606.01

TotalLiabilities&Members’Equity $1,833,249,147.96 $1,953,108,371.22

IncomeandNon-OperatingIncome

LoanInterestIncome $45,611,598.16 $46,797,772.30

InvestmentIncome $9,797,998.96 $10,351,998.67

OtherIncome $29,803,168.86 $32,671,335.13

NCUSIFRecapitalization

TotalIncome $85,212,765.98 $89,821,106.10

Expenses

DividendExpenses $7,487,704.54 $8,546,979.25

ProvisionforLoanLoss $4,054,204.43 $5,194,518.16

EmployeeCompensationandBenefits $20,472,452.51 $21,613,045.92

OtherOperatingExpenses $16,740,439.03 $18,150,857.88

NCUSIFassessment $1,239,441.47 $-

TotalExpenses $49,994,241.98 $53,505,401.21

NetIncome $35,218,524.00 $36,315,704.89

TotalMembers $152,748 $159,049

2014 Highlights 2014 Highlights

• MemberDepositsgrew$71,807,373or4.59%

• Robinspaidoutover$8.5millionindividendstomembers

• Loansincreasedby$87,299,725or8.93%

• 747membersreceivedanewmortgageloanwithbalances totaling$94,069,375

• Assetsgrew$119,859,223or6.54%

• 25,621loansweregrantedin2014totaling$456,097,465

• Membershipincreasedby6,300

• Opened15,915newcheckingaccounts

Historical GrowthDEPOSITS

2014 $1,634,974,402.35

2013 $1,563,167,028.81

2012 $1,487,841,953.74

2011 $1,369,401,234.92

ASSETS

2014 $1,953,108,371.22

2013 $1,833,249,147.96

2012 $1,741,519,796.30

2011 $1,592,252,120.21

LOANS

2014 $1,064,839,451.91

2013 $977,539,726.40

2012 $882,943,132.85

2011 $844,340,585.41

MEMBERS

2014 159,049

2013 152,748

2012 146,252

2011 140,372

CALL TO ORDER

TheSixtiethAnnualMeetingofthemembersofRobinsFederalCreditUnionwascalledtoorderbyChairmanJohnnyJonesattheRobinsFederalCreditUnionLearningCenteronMarch13,2014,at6p.m.ChairmanJonesdeclaredaquorumpresent.

DirectorMikeParkerofferedtheinvocationandledtheattendeesinthePledgeofAllegiance.

ChairmanJonesappointedKirbyR.MooreasParliamentarianforthemeeting.

ChairmanJoneswelcomedallinattendanceandintroducedthefollowingBoardofDirectors:KenBabbitt,MaryEdenfield-Gibbs,JimKidd,JackieCleghorn,Dr.MikeParker,SecretaryDonaldHanson,TreasurerEdHilliard,Vice-ChairmanHaroldSawyer;AttorneyKirbyMoore,ExecutiveOfficeAdministratorVickieCollins,andPresident/CEOJohnRhea.

APPROVAL OF MINUTES

ChairmanJonescalledforanychangestotheminutesofthe2012AnnualMeeting.Therebeingnone,theminuteswereapprovedaspresented.

ORDER OF BUSINESSS

CHAIRMAN’SMESSAGEChairmanJonesintroducedavideopresentationofthe2013highlights.

PRESIDENT’SMESSAGEPresidentRheareviewedthe2013financialaccomplishmentsofRobinsandpresentedthestrategicgoalsfor2014.HealsoreviewedthefinancialbenefitsthatRobinsprovidestothemembers.

UNFINISHEDBUSINESSChairmanJonescalledforanyunfinishedbusiness.Therewasnone.

NEWBUSINESSChairmanJonesthencalledforanynewbusiness.Mr.BarrySmithrequestedthebrancheskeepcopiesofoldCUBulletinsfor6months.Mr.RheareferredthemembertoourSeniorManagementTeamtodiscussthisfurtherattheendofthemeeting.Mr.RichardAlexanderexpressedhisconcernaboutthePerryBranchATMbeingdownwhenhetriestouseit.Mr.RheareferredthemembertoMrs.ChristinaO’Brientoreviewthedetailsandhelpdiagnosetheproblem.

ELECTIONChairmanJonesreportedthattheNominatingCommitteesubmittedthenamesDr.MikeParker,JimKidd,andKennethBabbittforthe3yeartermvacancies.Therewerenonominationsbypetition.Therefore,thosenominatedbythecommitteewereappointed.

PRIZEDRAWINGSPresidentRheaannouncedthatprizedrawingstotaling$3,800incashwouldbegivenawayandcommencedwithawardingtheprizesasthenumbersweredrawn.

ADJOURNMENT

ChairmanJonesadjournedthemeetingat6:36p.m.

ROBINSFEDERALCREDITUNIONWARNERROBINS,GEORGIA

Johnny JonesChairman

Donald HansonSecretary

SIXTY ANNUAL MEETING

o f t h e M e m b e r s h i p

www.robinsfcu.org478.923.3773•800.241.2405

FederallyinsuredbyNCUA.Contactthecreditunionformembershipdetails.

Branch Locations

Athens 2636 Atlanta Highway

Byron 233 Highway 49 (ATM only)

Forsyth 76 East Johnston Street

Fort Valley 960 Bluebird Boulevard

Gray 287 West Clinton Street

Macon 4245 Log Cabin Drive 4066 Hartley Bridge Road 5999 Zebulon Road 577 Mulberry Street, Suite 100 2930 Riverside Drive 3096 Riverside Drive (ATM only)

McRae 10 Hunter Avenue

Milledgeville 2584 North Columbia Street

Perry 321 Perry Parkway

Robins Air Force Base Building 646 and 20166 Building 91 and 125 (ATM only) Commissary Building 660 (ATM only)

Swainsboro 335 South Main Street

Warner Robins 803 Watson Boulevard 853 North Houston Road 502 South Houston Lake Road 901 Highway 96 104 Feagan Mill Road (ATM only)