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— Henry David Thoreau
Grade A Health & Stability rating
Best Credit Union
Best Financial Institution
donated
donations
organizations
in staff payroll deductions to non-profits
people reached through financial education efforts
hours of financial education provided to youth and adults
in-person financial education presentations
We partner with GreenPath Financial Wellness to provide our members with guidance and tools to meet financial goals and improve overall financial health. Services cover debt management, credit counseling, student loans, housing resources, and more.
members completed Debt Management Plans
total debt paid off
members started Debt Management Plans
total debt enrolled
counseling sessions completed
volunteers
hours
volunteer shifts
organizations
community events we participated in
$4 billion contribution to gross domestic product
$759 million in direct member benefits
$24.1 billion in home loans
$382 million deposited in youth savings accounts
12,100 family wage credit union jobs
78,000 hours of community service by credit union employees
3,000 non-profits supported
$1.9 billion contribution to gross domestic product
$229 million in direct member benefits
$9.5 billion in home loans
$58 million deposited in youth savings accounts
6,500 family wage credit union jobs
55,000 hours of community service by credit union employees
1,200 non-profits supported
Over $17,000 in donations from our departments giving back to the community in ways that matter most to them.
Launched a new partnership with five local high schools, contributing $15,575 to support school health & wellbeing programs. Students and guests can scan a QR code in participating school gyms to take a gamified financial literacy quiz for a chance to win prizes and a donation to their school.
Assembled 400 snack-filled goodie bags and donated $25,000 to regional food pantries, supporting the equivalent of 75,000 pounds of food for neighbors in need.
Awarded seven scholarships totaling $11,000. Total since 1995: $258,500.
As we reflect on 2025, we’re proud to report a year defined by strong performance and an unwavering commitment to our Fibre Family. Your trust fuels everything we do—and it shows in the progress we made together.
Assets, loans, deposits, and members all increased last year. Our return on assets and capital grew; however, delinquencies and charge-offs grew, as well. The credit union remains focused on proactive strategies as we continue to navigate an economic environment which is negatively impacting our members’ financial health.
Service and access were major priorities. We launched two new teams designed to elevate the member experience across every channel. The Virtual Financial Services Center (FSC) brings personalized support through video, phone, and chat—delivering the same services members expect in person, with the added convenience of a virtual option. This year, the Virtual FSC will expand services and begin offering extended hours. We also created the Member Experience Support Center, a central hub that equips our frontline and digital teams with real-time answers, tools, and specialized guidance so they can spend more time on member relationships.
We invested in both our spaces and our capabilities. Our Main Financial Services Center on Commerce Ave in Longview is closed temporarily for our first remodel in 18 years. Last summer we moved our digital teams into our new Digital Experience Center to consolidate and streamline virtual services. Looking ahead, we’re expanding into Ridgefield, Washington, with a new financial services center planned for Royal Ridge Station Shopping Center. We plan to break ground this summer and will announce an opening date later this year. The location will offer full-service banking and Interactive Teller Machines with live video support.
Because of the strategic impact we have had in our communities, we have received multiple national and regional awards. We earned the Juntos Avanzamos designation—affirming our commitment to Hispanic and immigrant communities—and were named #1 in Washington on Forbes’ America’s Best-In-State Credit Unions 2025 list. Most importantly, Fibre Federal and TLC members saved more than $45.3 million compared with leading banks—about $518 per member. Together, we also contributed $301,967 to 173 organizations and volunteered 2,798 hours in our communities.
Thank you for advancing with us. Together, we will continue building brighter financial futures and stronger communities.
Christopher Bradberry
President & CEO
Jim Duscha
Board Chair
| Dec 31, 2024 | Dec 31, 2025 | |
|---|---|---|
| Gross Loans | 1,203,447,034 | 1,244,469,551 |
| Allowance for Loan Loss | (12,956,779) | (13,482,813) |
| Net Loans | 1,190,490,255 | 1,230,986,738 |
| Cash & Equivalents | 226,704,226 | 293,752,238 |
| Investments | 160,100,783 | 132,020,522 |
| Cash and Investments | 386,805,008 | 425,772,760 |
| Foreclosures & Repossessions | 1,602,631 | 1,374,291 |
| Fixed Assets | 45,663,964 | 52,748,964 |
| Other Assets | 71,260,993 | 74,756,113 |
| Total Assets | $1,695,822,851 | $1,785,638,866 |
| Total Liabilities | 21,984,565 | 22,105,263 |
| Regular Shares | 593,172,709 | 590,999,315 |
| Checking Shares | 385,768,141 | 405,795,103 |
| Money Market Shares | 126,106,841 | 123,749,232 |
| Certificate Shares | 356,244,554 | 404,923,748 |
| Shares | 1,461,292,245 | 1,525,467,397 |
| Undivided Earnings | 217,923,926 | 240,673,711 |
| Other Comprehensive Income | (5,377,885) | (2,607,505) |
| Equity | 212,546,041 | 238,066,206 |
| Total Liabilities & Equity | $1,695,822,851 | $1,785,638,866 |
| 2024 | 2025 | |
|---|---|---|
| Total Interest Income | 76,955,793 | 85,376,223 |
| Total Interest Expense | 20,321,476 | 19,716,468 |
| Net Interest Income | 56,634,317 | 65,659,755 |
| Fee Income | 6,362,601 | 6,415,725 |
| Other Income | 4,669,395 | 5,220,055 |
| Credit Card Program | 2,244,447 | 2,201,649 |
| Debit Card Program | 9,399,936 | 9,929,617 |
| Loan Origination Income | 781,560 | 654,668 |
| Non Operating Gain/Loss | 298,080 | 4,421,213 |
| Non Interest Income | 23,756,019 | 28,842,927 |
| Compensation & Benefits | 36,397,046 | 39,115,467 |
| Travel & Conference | 820,400 | 890,843 |
| Office Occupancy | 2,831,614 | 3,124,232 |
| Office Operations | 5,655,828 | 5,990,271 |
| Education & Promotion | 1,389,253 | 1,670,443 |
| Loan Servicing | 1,914,250 | 2,331,396 |
| Professional Services | 7,769,035 | 7,719,149 |
| Operating Fee | 256,299 | 372,437 |
| Misc Operating | 3,183,253 | 3,559,486 |
| Non Interest Expense | 60,216,979 | 64,773,723 |
| Acquisition Related | (181,161) | (60,387) |
| NCUSIF Refund | 0 | 0 |
| Provisions for Loan Losses | (7,658,503) | (6,918,791) |
| Net Income | $12,333,695 | $22,749,784 |
Your Supervisory Committee fulfills this responsibility in two ways. We meet regularly with the Credit Union’s Vice President of Internal Audit, Luci Sherard, who assists the Committee in verifying compliance within our internal control framework. We also engage an external audit firm, Baker Tilly, to audit the financial statements and the operational controls surrounding those financial statements in accordance with generally accepted auditing principles.
Supervisory Committee members attend regular monthly Supervisory Committee meetings, as well as monthly meetings of the Board of Directors. At these meetings we review the work of the Internal Auditor, the external auditor, and management to ensure that the Supervisory Committee’s responsibilities are properly discharged.
Based on our audits and the reports of other experts, the Supervisory Committee is satisfied that the records of Fibre Federal and TLC are accurately maintained, and the Credit Union is in compliance with applicable laws and regulations. We thank the Credit Union management and staff for their diligent work that ensures such a well-run organization.
Jeff Skeie,
Supervisory Committee Chair
