2015 Annual Report

2015 Board of Directors

Edward C. HilliardChairman

Annual Meeting Agenda

• Call to Order & Declaration of Quorum

• Invocation and Pledge of Allegiance

• Appointment of Parliamentarian

• Chairman’s Welcome & Introductions

• Minutes of the Previous Meeting

• Video Presentation

• Message from the Chairman

• Message from the President/ CEO

• Supervisory Committee Report

• UnfinishedBusiness

• NewBusiness

• Election Update

• Prize Drawings

• Adjournment

Harold J. SawyerEmeritus

Mary S. Edenfield-GibbsSecretary

Donald R. HansonDirector

James A. KiddVice Chairman

Kenneth L. BabbittDirector

Barry BrownDirector

John A. JonesTreasurer

Jackie D. CleghornDirector

Michael D. ParkerDirector

2015 proved to be another successful year for Robins Financial Credit

Union. We continued to grow reaching over 165,000 members and

$2.1 billion in assets. This success can only be attributed to the loyalty

of our members and dedication of the employees.

We are very excited to kick off 2016 with new beginnings and

exciting changes. On January 1st, Robins Federal Credit Union

became Robins Financial Credit Union through our conversion from a

federally chartered credit union to a State of Georgia chartered credit

union. This change will allow additional growth opportunities for our

credit union, members and staff. The charter change will further our

ability to provide outstanding products and services to our members.

Even though our name has changed, our staff and management

remaincommittedtoofferingyoutheverybestfinancialproducts

and services. We are happy to highlight some of our newest

memberbenefits:

• Free FICO® Scores available to eligible members to view in

OnlineBanking

• Access to an additional 55,000 nationwide surcharge free ATMs

through our new partnership with the Allpoint ATM network

• NSF Forgiveness, which offers members one free NSF fee per year

• Removal of overdraft protection transfer fees

• EMV Chip Cards

• Expanded our credit card rewards to include a cash back option

• Access to Robins Financial cards through Apple Pay

• ComingSoon:AndroidPay™andSamsungPay

Onbehalfofourstaff,managementteam,andBoardofDirectors,

thankyouforchoosingusasyourtrustedfinancialpartner.Welook

forward to this new chapter and continuing to serve you and your

families for years to come.

John R. RheaPresident/CEO

A Message from theChairman & President

Edward C. HilliardChairman

Serving Our Community• Givingbacktothecommunityremainsakeyfocusforourcreditunionand

staff. In 2015, we organized a community project, giving over $200,000 to

8organizationstohelpwithaspecificneedorimprovementfortheir

organization. Including this project and other donations, your credit union

gave back over $467,000 to 203 organizations or charitable groups in

our communities.

• RobinsFinancialstaffpledgedover$52,000totheUnitedWayofCentral

Georgia during our annual fundraising campaign.

• 50carepackageswerepreparedfortroopsdeployedoverseasduringthe

holidays and 45 care packages were created for Meals on Wheels to deliver

to clients on Christmas Day along with a hot meal.

• Forthe19thconsecutiveyear,RobinsFinancialawarded5HighSchool

Seniors with scholarships to college. Since it began, this program has

allowedustoinvestover$290,000inthefuturesofouryoungmembers.

• TwoblooddrivesfortheAmericanRedCrosswereheld,whichhelpedsave

over 165 lives.

• Raised$25,000fortheChildren’sMiracleNetworkduringMiracleJuly.

• Byhosting8freeShredDayevents,RobinsFinancialhelpedmembers

securely shred over 25 tons of paper.

• OurSWAGPatrolcontinuedtheirmissiontosurprisepeopleinthe

community with random acts of kindness. From buying someone’s

groceries to paying for their gas, this program has invested close to

$15,000 through random acts of kindness.

Supervisory Committee Report Supervisory Committee

The Supervisory Committee is pleased to report that Robins Financial

CreditUnioncontinuestoremainfinanciallysecure.Wecontinuously

overseethefinancialstatementsofthecreditunionandauthenticate

internal controls and operations are in compliance.

In2015,CPAfirmNearman,Maynard,VallezCPA&Consultants,P.A.and

federal examiners with the National Credit Union Administration (NCUA)

andtheGeorgiaDepartmentofBankingandFinanceconductedoutside

audits. These organizations reported that Robins Financial Credit Union

continuestobefinanciallystrong,stableandextremelywell-managed.

It is with great satisfaction to report that Robins Financial has again

receivedNCUA’shighestnetworthratingof“well-capitalized”.In

addition, our members’ accounts continue to remain secure and

insured up to at least $250,000 by the NCUA.

As we head into 2016, we are eager to maintain this high level of service,

security, and banking value to all our members.

Kenneth L. BabbittChairman

Jane ParkerDon JarzynkaTroy Hubbard

Statement of Financial Condition

ASSETS 2014 2015

Loans $1,064,839,451.91 $1,156,985,506.01

Less: Allowance for Loan Loss $(8,374,073.77) $(9,203,072.78)

Cash $28,716,638.79 $31,509,384.89

Investments $757,496,950.95 $800,817,996.72

Fixed Assets $24,260,726.79 $23,980,771.26

Other Assets $86,168,676.55 $68,293,972.19

Total Assets $1,953,108,371.22 $2,072,384,558.29

LIABILITIES

Member Deposits $1,634,974,402.35 $1,714,909,589.18

Dividends Payable $143,057.05 $139,345.25

Accounts Payable $9,486,846.22 $9,438,638.05

Other Liabilities $8,290,459.59 $9,519,884.07

Total Liabilities $1,652,894,765.21 $1,734,007,456.55

EXPENSES

Dividend Expenses $8,546,979.25 $7,359,732.12

Provision for Loan Loss $5,194,518.16 $4,949,909.88

Employee Compensation and Benefits $21,613,045.92 $22,497,081.80

Other Operating Expenses $18,150,857.88 $19,856,229.17

NCUSIF Assessment $0 $0

Total Expenses $53,505,401.21 $54,662,952.97

Net Income $36,315,704.89 $37,976,832.63

Total Members 159,049 165,784MEMBERS’EQUITY

Regular Reserve $12,679,007.52 $12,679,007.52

Undivided Earnings/ Other Reserves $287,528,626.54 $325,692,122.27

Equity Acquired in Merger $5,971.95 $5,971.95

Total Members’ Equity $300,213,606.01 $338,377,101.74

Total Liabilities & Members’ Equity $1,953,108,371.22 $ 2,072,384,558.29

INCOME&NON-OPERATING INCOME 2014 2015

Loan Interest Income $46,797,772.30 $48,249,499.61

Investment Income $10,351,998.67 $11,232,676.54

Other Income $32,671,335.13 $33,157,609.45

Total Income $89,821,106.10 $92,639,785.60

2015 Highlights 2015 Highlights• Memberdepositsgrew$79,935,187or4.89%

• Robinspaidoutover$7.3millionindividendstomembers

• Loansincreasedby$92,146,054or8.65%

• 838membersreceivedanewmortgageloanwithbalancestotaling$113,926,778

• Assetsgrew$119,276,187or6.11%

• 18,997loansweregrantedin2015totaling$352,106,517

• Membershipincreasedby6,735

• Opened18,653newcheckingaccounts

DEPOSITS

2015 $1,714,909,589.18

2014 $1,634,974,402.35

2013 $1,563,167,028.81

2012 $1,487,841,953.74

ASSETS

2015 $2,072,384,558.29

2014 $1,953,108,371.22

2013 $1,833,249,147.96

2012 $1,741,519,796.30

LOANS

2015 $1,156,985,506.01

2014 $1,064,839,451.91

2013 $977,539,726.40

2012 $882,943,132.85

MEMBERS

2015 165,784

2014 159,049

2013 152,748

2012 146,252

Historical Growth

CALL TO ORDER

Thesixty-firstAnnualMeetingofthemembersofRobinsFederalCreditUnionwascalledtoorderbyChairmanEdwardHilliardattheRobins Federal Credit Union Learning Center on March 5, 2015, at 6 p.m. ChairmanHilliarddeclaredaquorumpresent.

Director Mike Parker offered the invocation and led the attendees in the Pledge of Allegiance.

ChairmanHilliardappointedKirbyR.MooreasParliamentarianfor the meeting.

ChairmanHilliardwelcomedallinattendanceandintroducedthe followingBoardofDirectors:AttorneyKirbyMoore,KenBabbitt, DonaldHanson,Dr.MikeParker,SecretaryMaryEdenfield-Gibbs, TreasurerJohnnyJones,Vice-ChairmanJamesKidd,ExecutiveOffice Administrator Vickie Collins, and President/CEO John Rhea.

APPROVAL OF MINUTES

ChairmanHilliardcalledforanychangestotheminutesofthe 2013 Annual Meeting. There being none, the minutes were approved as presented.

ORDEROFBUSINESS

PRESIDENT’S MESSAGE PresidentRheareviewedthe2014financialaccomplishmentsofRobinsandpresentedthestrategicgoalsfor2015.HealsoreviewedthefinancialbenefitsthatRobinsprovidestothemembers.

President Rhea then introduced a video presentation of the 2014 highlights.

UNFINISHED BUSINESS ChairmanHilliardcalledforanyunfinishedbusiness.Therewasnone.

NEW BUSINESS ChairmanHilliardthencalledforanynewbusiness.Mr.RichardAlexanderstatedhewasthankfulfortherecentInsuranceBenefitsthatthecredituniongavetothosemembersthatwereaffected.ChairmanHilliardstated this was not the credit union’s decision to stop this insurance but we are glad we were able to honor our member’s that were affected.

ELECTION ChairmanHilliardreportedthattheNominatingCommitteesubmittedthenamesDonaldHanson,BarryBrown,andmyselfforthe3yeartermvacancies. There were no nominations by petition. Therefore, those nominated by the committee were appointed.

ChairmanHilliardrecognizedHaroldSawyerforhis49yearsasaDirector.TheBoardappreciateshisdedicationandstrongleadership,aswellashiscommitment to member education and staff development. Thank you for all your hard work Mr. Sawyer.

PRIZE DRAWINGS President Rhea announced that prize drawings totaling $3,800 in cash would be given away and commenced with awarding the prizes as the numbers were drawn.

ADJOURNMENT

ChairmanHilliardadjournedthemeetingat6:45p.m.

Mary Edenfield-GibbsSecretary

Ed HilliardChairman

Sixty-First Annual Meeting of the Membership

ROBINSFEDERALCREDITUNION,WARNERROBINS,GEORGIA

Thank you for your continued loyalty to

Robins Financial Credit Union. We pride ourselves on being

your financial services provider of choice while delivering

Better Banking for Everyone. We have designed a variety of

products and services to meet your needs throughout every

stage of life and help you achieve your financial goals. Our

financial experts are always on hand to help you with any advice

you may need. We will work with you one-on-one to design a

financial plan that best suits your unique needs.

We hope you continue to grow with us in 2016 as we stay

committed to serving you and our community. Thank you for

your membership.

Federally insured by NCUA. Contact the credit union for membership details.

Telephone: 478.923.3773 or 800.241.2405

Online: www.robinsfcu.org

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