FRED WEST Board Chairman JOHN WHEELER Chief Financial Officer.

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Presentation transcript:

FRED WEST Board Chairman

JOHN WHEELER Chief Financial Officer

2013 FINANCIAL OVERVIEW

Number of Active Members

Loan Volume Outstanding (in billions)

Credit Quality

2013 Portfolio Concentrations Other – 5% or less

Net Income (in millions)

Operating Efficiency

2013 Patronage Cash$ 13.4 million36.7 % Qualified Allocated Surplus --0 % Nonqualified Allocated Surplus $ 23.1 million63.3 % TOTAL$ 36.5 million100.0 %

Total Patronage Paid 2013 Declared Cash (Mar.)$ 13.4 million 3 years of Qualified Allocated Surplus (Feb.) $ 7.8 million 2005 Nonqualified Allocated Surplus (Dec.) $ 8.2 million TOTAL $ 29.4 million

$435 million declared Patronage since 1990 $300 million returned in cash

BOB FRAZEE Chief Executive Officer

Changing World Population

U.S. Race & Ethnicity Trend

Overregulated America

Election Regions