media release

Corporate Office
3000 Marentette Avenue
Windsor , ON N8X 4G2
p. 519.974.3100 f. 519.974.9098

For Release: September 14, 2007

Another Successful Year for Windsor Family Credit Union;
Results of a Brand New Transformation

WINDSOR , ON ? On Wednesday, September 12, 2007 Windsor Family Credit Union (WFCU) held its 23 rd Annual General Meeting (AGM). The AGM is a fundamental part of the credit union, bringing together members to receive reports, voice opinions and vote for their Board of Directors.

"This past year we embarked on an entirely new Business Model?, expressed Martin J. Komsa, WFCU President and Chief Executive Officer. ?We decided to take a road less travelled, not because we had to, but because we wanted to ensure WFCU is, and continues to be, the preferred financial institution in Windsor and Essex County . As we closed the books to another successful year, the drive and dedication of all WFCU Board, Management and Staff were evident as our members continued to bring us their personal and commercial business.?

The report from Marty Komsa outlines continued growth for WFCU this year with total assets and services under administration growing by 12.8 percent to $623.4 million, member deposits increased by 12.0 percent to $504.4 million and total loans increased with growth of $58.4 million to $480.8 million. All profits were returned to members in the form of dividends on Membership Shares, dividends on Investment Shares and the building of financial reserves.

At year-end, WFCU once again surpassed the required regulatory capital level of 4.5 percent and reached a total regulatory capital level of $48.3 million, representing 8.7 percent of total assets.

Aside from announcing financial results, WFCU, with the membership's vote behind them approved a change to Bylaw 4.01 and 4.03, which will see WFCU Board reduce in size from 12 board members to 9 in 2008.

Members in attendance at the AGM exercised their right to vote and elected the following member to represent them on the Board of Directors. Elected to the Board were Marty Gillis, Federica Nazzani, Rick Martinello and Kevin Hague.

WFCU is recognized as one of the leading, progressive, financial organizations in the City of Windsor and Essex County serving over 24,000 members.

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