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SACU Financially Strongest in History
Tuesday, June 4, 2013 6:20 AM

During its 78th annual meeting held recently, SACU (San Antonio Federal Credit Union) members learned the credit union's performance in 2012 has made it financially stronger than it has been in the institution's history, with year-end assets reaching $2.9 billion, a loan portfolio exceeding $2.7 billion and deposits of more than $2 billion.

SACU members also elected Franklin W. Burk, Michael A. Sellers and David S. Velasquez to serve three-year terms on the SACU Board of Directors.

Burk, a member since 1991, joined the board of directors in 1992 and served as vice-chairman from 1994-96 and chairman since 2009. He served on the SACU Supervisory Committee from 1991-1992.

Sellers, a member since 1981, has served on the board of directors since 2008. He served on the supervisory committee from 2002-2008 and as chairman from 2005-2008 and secretary in 2008.

Velasquez, a member since 1975, has served on the board of directors since 2004. He served on the supervisory committee from 2000-2004. 

SACU, which has 16 locations in San Antonio and one in Houston, also distributed its annual report, SACU: The Union of Craftsmanship & Potential, which can be viewed at www.sacu.com/annualreport.