Dear Members,

The KSAGCU Board of Directors, Supervisory & Credit committees, as well as Staff, appreciates the loyalty & trust you have placed wit us to handle your financial matters.

As challenges continue in America's economy, I want you to know that KSAGCU is in excellent financial condition. The Kansas Department of Credit Unions, for the 2nd year in a row, determined that KSAGCU earned a CAMEL 1 rating. Their annual examination verifies & defines our financial heath, which has contributed to the highest rating achievable. We again, thank & congratulate our staff for this accomplishment.

In 2009, a Scholarship Committee was organized & awarded two $500 scholarships, from twelve applications received. Starting Spring ;&Fall of 2010, two $500 scholarships will be awarded each semester. Scholarship applications are available at the Credit Union with January 15, 2010 as the Spring semester deadline.

KSAGCU is proud to sponsor base activities that benefit its members & their families. Member appreciation days continue to be organized each quarter & are well attended.

We're happy that you share in our belief that there is a credit Union difference as we now have 582 members. 2009 saw 91 new members with 44 joining by referral. KSAGCU grew by 12.28% in 2009, compared to -.63% growth by our national peers. We strive to provide you with the services you need in a safe, secure & responsible environment. Thank You for your confidence in KSAGCU & we appreciate your feedback.

Respectfully Submitted,
Joe Montgomery, President