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Dear Fellow Members,
It is with great excitement and gratitude that I share my first communication with you since becoming chairman. I’d like to take this opportunity to reflect on all we’ve accomplished together in 2024 and offer a glimpse of what’s ahead. Power Financial Credit Union exists to serve you, and this year, we’ve proven once again the strength of our commitment to your financial well-being.
In 2024, we celebrated many milestones, including being named a Top Workplace in South Florida by the Sun Sentinel and Best Credit Union in Miami by the Miami Herald for the second year in a row! These honors reflect your trust in us and the dedication of our incredible team. Together, we’ve built something special, and we’re honored to serve a community that values financial empowerment.
Giving back is at the heart of who we are at Power Financial Credit Union, and 2024 was a year filled with meaningful contributions to our community. We strengthened our long-standing partnership with Big Brothers Big Sisters Miami, which includes many employees serving as “Bigs” to mentor local youth. We proudly supported the Jason Taylor Foundation, sponsoring their impactful back-to-school shopping event and reading room program for children in need. We also partnered once again with Honor Flight South Florida, contributing to their mission of transporting America’s veterans to Washington, D.C., to visit memorials that honor their service and sacrifices. Through our Power Community Partners program, employees donated funds matched by the credit union to raise $7,400 for eight South Florida charities. Beyond financial contributions, our employees dedicated hundreds of hours packing meals for Feeding South Florida and Farm Share, helping families in need. These efforts reflect the deep commitment of the credit union to giving back to the community that has supported us for so many years.
We also took bold steps to address the housing affordability crisis in South Florida by launching our First-Time Home Buyer Program. With no down payment and no private mortgage insurance required, we’re helping make the American dream of homeownership a reality for many of our members.
From a performance perspective, 2024 was another exceptional year. Your credit union remains financially strong, which enables us to offer lower loan rates and higher deposit rates, directly benefiting our members. These advantages, combined with investments in new products and services, and cutting-edge technology, ensure we stay responsive to your needs in an ever-changing financial landscape.
Looking ahead to 2025, we’ll be introducing many new products and enhancements tailored to help you meet your financial goals:
None of this would be possible without you. Your trust and active participation are the foundation of our success. On behalf of the entire Board of Directors and the Power Financial Credit Union team, thank you for allowing us to be a part of your financial journey.
Warm regards,
GEORGE SKILLAS
Chairman - Board of Directors