2021 Credit Union Holiday Loan Promotion is Under Way

Credit Union declares 3rd quarter dividends

The Shelter Credit Union board of directors announced September 15, 2021 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 3rd quarter of 2021 (July, August and September, 2021).

Credit Union declares 2nd quarter dividends

The Shelter Credit Union board of directors announced June 16, 2021 that the Credit Union will pay dividends of .10% APR on share (savings) accounts, and 0.05% APR on checking accounts with an average balance over $500,  in the 2nd quarter of 2021 (April, May and June, 2021).

Credit Union declares 1st quarter dividends

The Shelter Credit Union board of directors announced March 17, 2021 that the Credit Union will pay dividends of .10% APR on share (savings) accounts, and 0.05% APR on checking accounts over $500,  in the 1st quarter of 2021 (January, February and March, 2021).

Notice of Annual Meeting

The 64th Annual Meeting of the Shelter Insurance Federal Credit Union will be held virtually via Microsoft teams or by call in* at 7:00 p.m., Monday, February 8, 2021.

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.

All members of the Credit Union are invited, and we look forward to good attendance and participation in the annual meeting.  We will do a random drawing for prizes after the meeting is adjourned and winners will be contacted at a later time.

Al Finley, Secretary-Board of Directors

*The link will be listed on Spotlight, ABC, and Contact.  If you don’t have access to any of those please contact the credit union ahead of time so we can provide the link or phone number. Contact the credit union at 573-214-4207 or email jswank@sheltercreditunion.com or cebrown@sheltercreditunion.com to get the link or phone number.

2021 Annual Meeting Notice

2020 Annual Meeting Minutes

President Jacki Swank opened the meeting by introducing herself and welcoming members and guests to the 63rd annual meeting.  She proceeded by introducing the Board of Directors to the attendees.  She acknowledged the broad experience and expertise of the Board members and expressed her appreciation for them volunteering their time and knowledge.

Ms. Swank went on to discuss the roles of each of the key committees and introduced the committee members to the attendees.  She expressed her appreciation for their service and contribution to the Credit Union.

The Asset Liability Committee chaired by Darren Moore 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.

The Supervisory Committee provides oversight and guidance for internal operation and Daniel Jaegers is the Chairperson.  The Committee monitors and audits various areas for compliance throughout the year.

Finally, the Credit Committee chaired by Todd Sanders is a very active committee that meets every Tuesday and Thursday to review loan applications.  President Swank thanked Todd for his service as he is stepping off the Committee.  Matt Meyer will fill the empty position moving forward.

Ms. Swank expressed her pride and appreciation of the credit union staff and introduced each one to the attendees.  Jacki also thanked Patty Colvin-Monnig of Facilities and Bill Going’s Cafeteria staff for their contribution to the annual meeting.

A special welcome was extended to all retirees including charter member Terry Pauley and his wife Erma, and former President Linnie Kalif who attended.  Ms. Swank then took the opportunity to recognize the support she receives from family.  Her husband Craig, and their sons Alex and JJ all attended.

At that time, the meeting was turned over to Board Chairperson, Doug McClure.

The 63nd annual meeting of the Shelter Insurance Federal Credit Union was called to order at 7:05 pm on February 10, 2020 by Board Chairperson, Doug McClure.

Mr. McClure acknowledged and thanked the credit union staff for their dedication and efforts this past year.   He then declared a quorum was present.

The first order of business was approval of the 2019 annual meeting minutes.  Todd Sanders moved for approval and Erma Polly seconded.  The minutes were approved by a voice vote of the attending members.

Brian Trenhaile gave The Treasurer’s Report for 2019.  Mr.Trenhaile discussed the financial highlights for the year and pointed to the fact that the credit union is financially strong.    On a motion from Terry Pauley, a second from Jessica Ray and an affirmative voice vote from the attendees, the Treasurer’s report were approved.  A copy can be found in the Original Minutes Book.

Next, the two oversight committee reports were presented.   Committee Chair Todd Sanders presented the Credit Committee Report and gave observations regarding loan volume in 2019.   Committee Chair Dan Jaegers presented the Supervisory Committee Report and summarized the internal control review procedures performed by that group.  On a motion made by Todd Sanders and a second from Wade Forsythe, the committee reports were approved by a voice vote of the members that were present.

Board President McClure then turned the meeting over to Jacki Swank for the President’s Report.

President’s Report

Ms. Swank discussed highlights from the year including the following items:

  • 2019 was another good year for the credit union. We continue to have a strong financial position and are able to pay a competitive dividend rate along with offering competitive loan rates.
  • In 2019, the Credit Union updated the Membernet online banking system by giving it a cleaner, updated look. We also anticipate having check images available soon.
  • The Credit Union now offers the ability to sign loan documents electronically in a more secure environment.
  • Debit card balances became live in November 2019.
  • Swank discussed the fact mobile banking, remote deposit capture, and a new face to our website are a few of the items that are on the 2020 horizon.

In closing, President Swank stated that the credit union looks forward to another successful year in 2020.  She thanked the attendees for their membership and told them how the credit union valued each of them.  She took the moment to invite the attendees to stay after the meeting to have refreshments and a chance to win one of the many door prizes.

At that moment, President Swank turned the meeting back over to Doug McClure.

Old Business

Mr. McClure opened the floor for old business and there was none.

New Business

Chairperson McClure presented the 2020 Budget.  On a motion from Wade Forsythe and a second from Brian Trenhaile, the 2020 budget was approved by a voice vote from the members attending.

Ballots were distributed to all attendees to vote to fill three (4) Board of Directors positions becoming available.  The listed nominees were Stayce Smith, Al Finley, Doug McClure and Wade Forsythe.  The ballot also allowed for additional nominations and write-in candidates.   Member Todd Sanders moved the four listed nominees be accepted by acclamation and Erma Pauley seconded this.  Subsequently, the nominees were approved by a voice vote from the attending members.

Mr. McClure then entertained a motion that the meeting be adjourned.  Chuck Collins made the motion and Wade Forsythe seconded it.  After an affirmative vote by the attending members, the meeting adjourned at approximately 7:20 pm.   The Credit Union Staff then coordinated the distribution of door prizes.

2020 Annual Meeting Minutes

Credit Union declares 4th quarter dividends

The Shelter Credit Union board of directors announced December 16, 2020 that the Credit Union will pay dividends of .10% APR on share (savings) accounts, and 0.05% APR on checking accounts over $500,  in the 4th quarter of 2020 (October, November and December, 2020).

Credit Union declares 3rd quarter dividends

The Shelter Credit Union board of directors announced September 16 that the Credit Union will pay dividends of .15% APR on share (savings) accounts, and 0.10% APR on checking accounts over $500,  in the 3rd quarter of 2020 (July, August and September, 2020).

Credit Union declares 2nd quarter dividends

The Shelter Credit Union board of directors announced June 17 that the Credit Union will pay dividends of .50% APR on share (savings) accounts, and 0.10% APR on checking accounts over $500, in the 2nd quarter of 2020 (April, May and June, 2020).

Credit Union declares 1st quarter dividends

The Shelter Credit Union board of directors announced March 18 that the Credit Union will pay dividends of .65% APR on share (savings) accounts, and 0.10% APR on checking accounts over $500, in the 1st quarter of 2020 (January, February and March, 2020).Credit Union declares 4th quarter dividends

The Shelter Credit Union board of directors announced December 18th that the Credit Union will pay dividends of .85% APR on share (savings) accounts, and 0.10% APR on checking accounts over $500, in the 4th quarter of 2019 (October, November, and December, 2019).

Notice of Annual Meeting

The 63rd Annual Meeting of the Shelter Insurance Federal Credit Union will be held in the Cafeteria of the Shelter Insurance Companies Home Office, 1817 West Broadway, Columbia, Missouri, at 7:00 p.m., Monday, February 10, 2020.

The order of business will be as follows:

  • Determination of a quorum
  • Minutes of the last annual meeting
  • Report of the Board of Directors
  • Report of the Treasurer
  • Report of the Credit Committee
  • Report of the Supervisory Committee
  • President’s Report and remarks
  • Unfinished business
  • New business
  • Elections
  • Adjournment

Minutes from the last annual meeting will be available on the SIFCU website and will also be distributed at the annual meeting.We will continue the tradition of door prizes being given away during the meeting; and refreshments will be served after the meeting. All members of the Credit Union are invited, and we look forward to good attendance and participation in the annual meeting.

Credit Union declares 3rd quarter dividends

The Shelter Credit Union board of directors announced September 25 that the Credit Union will pay dividends of .85% APR on share (savings) accounts, and 0.10% APR on checking accounts over $500, in the 3rd quarter of 2019 (July, August and September, 2019).

Credit Union board approves dividend increase for share accounts

The Shelter Credit Union board of directors announced June 25 that the Credit Union will pay dividends of .85% APR on share (savings) accounts, and 0.10% APR on checking accounts over $500, in the 2nd quarter of 2019 (April, May and June, 2019).

Credit Union declares 1st quarter dividends

The Shelter Credit Union board of directors announced March 20 that the Credit Union will pay dividends of .75% APR  on share (savings) accounts, and 0.10% APR on checking accounts over $500, in the 1st quarter of 2019 (January, February, and March, 2019).