2024 Annual Meeting Recap

A new venue, a slightly new format, and a whole lot of smiles. 

Our 87th Annual Meeting went down without a hitch on Monday, February 12th. Held at the Goodman Center’s Brassworks building, in the beautiful Bea and Lau Christensen rooms, Madison CU members mingled to the sound of upbeat jazz and the tastes of delicious hors d’oeuvres and drinks. 

Employees Scott Reiter and Oliver Silva provided some early entertainment. Attendees could play card games or dice games to beat the dealer and win a prize. Prizes included our new MCU pint glass and swag bags.  

The theme of the night was Reinforcing Roots. This past year, Madison Credit Union aimed to reconnect with our City Employee roots, strengthen our community roots with volunteer work and fundraising, and serve the heart of our credit union, our members. 

Chairman of the Board, Robin Piper kicked off the meeting shortly after 5pm with a welcome to everyone for attending and a special thank you to Board Vice Chairwoman Judy Drousth for her service to the credit union. This annual meeting marked Judy’s last meeting as an MCU board member. 

Highlights from the meeting:

• Current board member Larry Schultz was re-elected for another 3 year term.
• We welcomed longtime member, Julie Baker, to the MCU Board. Julie worked 33 years for Madison Metro Transit as a motor coach driver. She loves the credit union’s uniqueness and is excited to help us grow.
• Board Chairman Robin showed proposed plans for the vacant lot next to Madison CU. The plans included a dual branded hotel with space for a second apartment building or hotel in the future. 
• Board Secretary Tom Sakash gave an eloquent Treasurer’s Report that highlighted a resettling of our previously inflated assets numbers back into our pre-pandemic norm. Tom also discussed our increased loan growth primarily thanks to our increase in auto loans. 
• Credit union President, Ilene Fritschler gave a sincere message on the credit union’s commitment to our City Employees, our community, and our members. 
• All speakers urged members to get involved with the credit union, to serve on the board or the advisory committee and to voice their opinions. Our credit union is run by members, for members and we encourage everyone to take ownership. 

Robin adjourned the meeting just after 5:30pm. Employees Laura Hilgart, Andrew Robinson, and Oliver Silva closed out the evening with our raffle. Raffle winners received cash prizes (totaling $250) and item prizes, including a Duraflame fire pit, a double-wide hammock, a tea infusing electric kettle, and more.

Thank you to everyone who attended and we look forward to seeing all the same faces plus new ones next year!

Link to Annual Report