Credit Union declares 2nd quarter dividends
The Shelter Credit Union board of directors announced June 29, 2026 that the Credit Union will pay dividends of 2.50% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 2nd quarter of 2026 (April, May and June 2026).
Credit Union declares 1st quarter dividends
The Shelter Credit Union board of directors announced March 25, 2026 that the Credit Union will pay dividends of 2.50% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 1st quarter of 2026 (January, February and March 2026).
Vacation Loan Special
Credit Union declares 4th quarter dividends
The Shelter Credit Union board of directors announced December 19, 2025 that the Credit Union will pay dividends of 2.50% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 4th quarter of 2025 (October, November and December 2025).
NOTICE OF ANNUAL MEETING
The 69th Annual Meeting of the Shelter Insurance Federal Credit Union will be held in the
Training Center of the Shelter Insurance Companies Home Office, 1817 West Broadway,
Columbia, Missouri, at 5:30 p.m., Wednesday, March 4, 2026.
The order of business will be as follows:
1. Determination of a quorum
2. Minutes of the last annual meeting
3. Report of the Board of Directors
4. Report of the Treasurer
5. Report of the Credit Committee
6. Report of the Supervisory Committee
7. President’s Report and remarks
8. Unfinished business
9. New business
10. Elections
11. Adjournment
Minutes from the last annual meeting will be available on the SIFCU website (www.shelterfcu.com)
and will also be available from the credit union.
We will continue the tradition of door prizes being given away and refreshments will be served.
All members of the Credit Union are invited, and we look forward to good attendance and
participation in the annual meeting.
Darren Moore, Secretary-Board of Directors
2025 Annual Meeting Minutes
President Jacki Swank opened the meeting by introducing herself and welcoming members and guests to the 68th annual meeting. She proceeded by introducing the Board of Directors to the attendees:
Jennifer Frerking, Chairperson of the Board
Jeanne Collins, Vice Chair
Lesley Hane, Treasurer
Darren Moore, Secretary
Tina Workman, Board Member
Wade Forsythe, Board Member
Jon Imhoff, Board Member
Lionel Clark, Board Member
Doug McClure, Board Member
Todd Sanders, Board Member
Curtis Nelson, Board Member
She acknowledged the many years of experience and knowledge of the Board members and expressed her appreciation for them volunteering their time and knowledge.
The Asset Liability Committee, chaired by Jeanne Collins, meets monthly and has the important function of measuring and managing the various risks of the Credit Union, including recommending changes to loan rates, dividend payments and investment policies. Special recognition and thanks were extended to Gary Ford for his contribution to this committee and the advisory services he provides. Other members of the committee are:
Lesley Hane
Jennifer Frerking
Doug McClure
Wade Forsythe
Tina Workman
The Supervisory Committee, chaired by Dan Jaegers, provides oversight and guidance for internal operations. The committee monitors and audits various areas for compliance throughout the year. Other members of the committee are:
Waldon Moss
Jessica Ray
The Credit Committee, chaired by Matt Meyer, is a very active committee that meets every Tuesday and Thursday to review loan applications. Other members of the committee are:
Cody Wilson
Brian Fick
Jacki thanked all the committee members for their continued service to the Credit Union.
Jacki recognized the credit union staff:
Christine Brown, Operations Manager – celebrating 25 years with Shelter this year
Josh Shirley, Member Service Rep – Team Lead
Amy McElhaney, Member Service Rep
Kelly Deline, Part Time Member Service Rep – celebrating 26 years with Shelter this year
Jacki thanked the entire staff for all their hard work and expressed her appreciation for everything that they do.
Jacki thanked Priyanka Coats and Patty Colvin-Monnig and their teams for their assistance in getting the meeting area set up.
President Swank took the opportunity to recognize the support she receives from her family. Her husband, Craig, and son, JJ were attendees.
A special welcome was extended to all retirees including charter member Terry Pauley and his wife Erma.
At that time, the meeting was turned over to Chairperson of the Board, Jennifer Frerking.
The 68th annual meeting of the Shelter Insurance Federal Credit Union was called to order at 5:44 p.m. on March 4, 2025, by Chairperson, Jennifer Frerking.
Jennifer took a moment to introduce her husband Josh and daughter Olivia who were both in attendance.
The first order of business was the approval of the 2024 annual meeting minutes. Tina Workman made a motion to approve, seconded by Sue Kinkade. The minutes were approved by a voice vote of the attending members.
Ms. Frerking introduced Lesley Hane, the treasurer of the board who then gave the Treasurer’s Report for 2024. She reported the financial highlights for the year and indicated the balance sheet was in a strong condition at the end of 2024. On a motion made by Tom Weable, seconded by Stayce Smith and an affirmative vote from the attendees, the Treasurer’s report was approved. A copy can be found in the Original Minutes Book.
Matt Meyer gave the Credit Committee report. He stated that the amount of loan requests remained strong in 2024. Dan Jaegers gave the Supervisory Committee report and summarized the internal control review procedures performed by the group. On a motion made by Jon Imhoff, seconded by Wade Forsythe, the committee reports were approved by a voice vote of the members that were present.
President’s Report
Ms. Swank shared that in 2024 the Credit Union received very high marks on the external audit and received the highest rating possible from NCUA. She stated that her and her staff are very proud of these accomplishments. She also shared that in 2024 the Credit Union was able to pay a nice dividend on shares while also staying competitive with loan rates. She stated that overall, 2024 was a good year for the Credit Union.
Ms. Swank spoke about improvements coming in 2025. She discussed that the Credit Union was scheduled to update the membernet – online banking system to enhance security features. This update is scheduled to happen in May. This will add multi factor authentication and biometrics using face or thumb recognition depending on your phone. Ms. Swank also discussed that they will be encouraging more members to sign up for online banking with electronic statements and e-notices so that they can communicate important information out quickly.
In closing, Ms. Swank thanked the members for their continued membership and support and stated that she looked forward to another year of serving them.
Ms. Swank turned the meeting back over to Jennifer Frerking.
Old Business
Ms. Frerking opened the floor for old business but there was none.
New Business
Treasurer Hane presented the 2025 budget. On a motion from Tom Weable and second by Jessica Rae, the 2025 budget was approved by a voice vote from the members in attendance.
Ballots were distributed to all attendees to vote to fill three (3) Board of Directors positions becoming available. The listed nominees were Curtis Nelson, Jeanne Collins, and Mark Stinson. The ballot also allowed for additional nominations and write-in candidates. Tina Workman moved the three listed nominees be accepted by acclamation and Tom Weable seconded it. The nominees were approved by a voice vote from the attending members.
At this time Ms. Swank recognized board member Tina Workman who is retiring from Shelter this year after 32 years. Ms. Swank stated that Ms. Workman had been a true asset to the Credit Union and thanked her for her guidance and support.
Ms. Frerking entertained a motion that the meeting be adjourned. Motion was made by Erma Pauley and Pam George seconded it. After an affirmative vote by the attending members, the meeting was adjourned at approximately 5:59 p.m. The Credit Union staff then coordinated the distribution of door prizes.
Credit Union declares 3rd quarter dividends
The Shelter Credit Union board of directors announced September 24, 2025 that the Credit Union will pay dividends of 2.50% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 3rd quarter of 2025 (July, August and September 2025).
Credit Union declares 2nd quarter dividends
The Shelter Credit Union board of directors announced June 24, 2025 that the Credit Union will pay dividends of 2.50% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 2nd quarter of 2025 (April, May and June 2025).
Credit Union declares 1st quarter dividends
The Shelter Credit Union board of directors announced March 20, 2025 that the Credit Union will pay dividends of 2.25% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 1st quarter of 2025 (January, February and March 2025).
Credit Union declares 4th quarter dividends
The Shelter Credit Union board of directors announced December 20, 2024 that the Credit Union will pay dividends of 2.25% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 4th quarter of 2024 (October, November and December 2024).
Credit Union declares 3rd quarter dividends
The Shelter Credit Union board of directors announced September 19, 2024 that the Credit Union will pay dividends of 2.25% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 3rd quarter of 2024 (July, August and September 2024).
Credit Union declares 2nd quarter dividends
The Shelter Credit Union board of directors announced June 25, 2024 that the Credit Union will pay dividends of 2.25% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 2nd quarter of 2024 (April, May and June 2024).
Credit Union declares 1st quarter dividends
The Shelter Credit Union board of directors announced March 21, 2024 that the Credit Union will pay dividends of 2.25% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 1st quarter of 2024 (January, February and March 2024).
Credit Union declares 4th quarter dividends
The Shelter Credit Union board of directors announced December 22, 2023 that the Credit Union will pay dividends of 2.00% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 4th quarter of 2023 (October, November and December 2023).
Credit Union declares 3rd quarter dividends
The Shelter Credit Union board of directors announced September 27, 2023 that the Credit Union will pay dividends of 2.00% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 3rd quarter of 2023 (July, August and September 2023).
Credit Union declares 2nd quarter dividends
The Shelter Credit Union board of directors announced June 15, 2023 that the Credit Union will pay dividends of .75% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 2nd quarter of 2023 (April, May and June 2023).
Credit Union declares 1st quarter dividends
The Shelter Credit Union board of directors announced March 16, 2023 that the Credit Union will pay dividends of .50% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 1st quarter of 2023 (January, February and March 2023).
Credit Union declares 4th quarter dividends
The Shelter Credit Union board of directors announced December 20, 2022 that the Credit Union will pay dividends of .50% APR on share (savings) accounts, and 0.10% APR on checking accounts with an average balance over $500, in the 4th quarter of 2022 (October, November and December 2022).
Credit Union declares 3rd quarter dividends
The Shelter Credit Union board of directors announced September 23, 2022 that the Credit Union will pay dividends of .15% APR on share (savings) accounts, and 0.01% APR on checking accounts with an average balance over $500, in the 3rd quarter of 2022 (July, August and September 2022).
Credit Union declares 2nd quarter dividends
The Shelter Credit Union board of directors announced June 16, 2022 that the Credit Union will pay dividends of .10% APR on share (savings) accounts, and 0.01% APR on checking accounts with an average balance over $500, in the 2nd quarter of 2022 (April, May and June, 2022).
Credit Union declares 1st quarter dividends
The Shelter Credit Union board of directors announced March 17, 2022 that the Credit Union will pay dividends of .05% APR on share (savings) accounts, and 0.01% APR on checking accounts with an average balance over $500, in the 1st quarter of 2022 (January, February and March, 2022).
