Tinker Federal Credit Union celebrated a year of strength in 2021, an historic year for this financial institution whose humble roots started with a handful of Tinker Field employees in 1946. Over the next 75 years, TFCU grew to become the premier credit union in Oklahoma and one of the leaders among credit unions nationwide. The strength of TFCU has always been directly tied to the loyalty and trust of our members. As we set a vision for the future, we look to that same loyalty and trust to guide us into the next 75 years.

The year also marked a new era of leadership at TFCU, as we said goodbye to our long-time president and CEO, Michael D. Kloiber, and we ushered in a veteran credit union industry leader, Dave Willis, to the helm. This new direction in leadership will maintain a laser focus on member service, as TFCU always has, while exploring new ways TFCU can bring members the right services to meet their needs in a changing world.

The Board of Directors would be remiss if we did not recognize the extraordinary effort of the TFCU managers and staff who have navigated your cooperative financial institution through the unprecedented obstacles presented as we faced our second year of a global pandemic. This team worked tirelessly to keep our branches and services available to you, even in the face of new and aggressive variants of COVID-19. Hiring shortages and supply chain issues tied to the pandemic were not limited to your local supermarket; TFCU has been managing our way through these challenges, as well.

Additionally, the pandemic left its mark on our members’ financial relationships. Public incentives like the Child Tax Credit provided members with additional income, and TFCU provided a safe place for them to keep it on deposit. Conversely, shortages of automotive microchips created serious supply problems in both the new and used auto markets, driving prices up and limiting availability nationwide. Experts predict we may not see a quick return to the automotive sales ecosystem we are accustomed to from the past.

Even with these challenges, we celebrate a strong ending to 2021, with $5.9 billion in assets and reaching $6.0 billion in March of 2022. More importantly, we celebrate the 438,555 members who have chosen TFCU to provide the financial services to help them achieve their families’ goals and dreams. We look forward to a bright future for TFCU and our members, and we will work tirelessly to ensure another 75 years of prosperity for both.

Sincerely,

Al Rich
Chair, Board of Directors