WPCCU Annual Meeting
The Annual Meeting of WPCCU was held on March 27, 2024. It was exciting to see members join us online and in-person. Our President/CEO, Mike Tufegdzich, led the meeting and shared that WPCCU remains strong and was profitable in 2023 despite some very challenging economic pressures. We ended the year with a Net Income of $5.4 million, which is one of our highest in recent history. We also significantly improved our Net Worth ratio to 8.95%, which is also a historic high. We are very proud to have LADWP as our core sponsor and we look forward to working with them to help improve the financial lives of their employees and the communities we serve.
We thank you for your support and loyalty during these challenging times. Our goal is to make WPCCU a great place to work for our employees and a great place to bank for our members. If you have any questions, need more information or have a suggestion on how we can better serve your financial needs, please feel free to reach out to us at ceo@wpcu.org.
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