Board Chairman’s Report
Century Credit Union continued its strong upward trajectory in 2025, delivering one of the most successful years in its history. In an environment that remained challenging for many financial institutions, we demonstrated disciplined growth, financial strength, and a continued commitment to our members.
We were once again recognized nationally for our performance by S&P Global Market Intelligence, ranking #44 out of almost 1,800 credit unions that have over $100 million in assets and a capital-to-asset ratio of 7.00% or more. In addition, we maintained our long-standing 5-star “Superior” rating from BauerFinancial throughout the year and continued to hold one of the highest Weiss ratings among credit unions in the St. Louis area.
Our financial performance reflects both stability and momentum.
Highlights of 2025
- Total assets grew to $172,873,594, representing significant expansion.
- Membership increased to 9,454 members, a net gain of 501 over the year.
- Our capital-to-asset ratio remained exceptionally strong at 17.93%, well above industry averages.
- Return on Average Assets (ROAA) was 1.46%, reflecting efficient operations and strong earnings performance.
- Deposits grew by over $13 million, with growth concentrated in savings, checking, certificates, and money market accounts.
Lending activity reached record levels and played a major role in the credit union’s success.
- Century issued 1,316 loans totaling $43.4 million, the highest volume in our history.
- Auto lending was a standout, with 842 loans totaling $23.6 million. This included significant growth from our indirect lending program.
- Home equity lending remained strong, with both fixed-rate equity loans and variable lines of credit helping members leverage the value in their homes.
Despite this growth, credit quality remained sound. Delinquency levels stayed well below peer averages, and charge-offs were limited to just 0.26%.
The credit union also reached an important milestone in 2025, surpassing $100 million in total loans. This achievement reflects years of steady growth and reinforces the strength of Century’s lending programs.
Equally important, the credit union shared its success directly with members by returning more than $150,000 through bonus dividends and loan interest rebates.
Looking Ahead
As we move into 2026, the credit union is well-positioned to build on this momentum. Continued focus will be placed on enhancing the member experience, expanding engagement, and delivering greater value through new initiatives such as the Loyalty Rewards program.
Century Credit Union remains financially strong, strategically focused, and committed to serving its members with excellence.
Thank you for your continued trust and support.
Mark Falkner
Chairman of the Board
President & Chief Executive Officer’s Report
In 2025, Century Credit Union delivered exceptional results while continuing to strengthen the organization for the future. We focused on expanding member relationships, growing responsibly, and improving the overall experience for those we serve.
Below are key initiatives and achievements from this year:
- Member Services & Technology
- Member Growth & Engagement
- Lending & Financial Growth
- Product & Value Enhancements
- Member Experience
- Security & Infrastructure
- Training and Development
- Operational Improvements
- Community Impact
Member Services & Technology
We continued to invest in digital capabilities to improve accessibility and convenience. Enhancements to online account opening made it easier for both new and existing members to do business with Century. We also launched a completely redesigned website, improving usability and access to information.
Faster payment capabilities through FedNow and RTP were implemented, giving members more flexibility in how they move money. FedNow is a real-time payment system created by the U.S. Federal Reserve that lets money move instantly between financial institutions 24/7, including nights, weekends, and holidays. RTP is similar to FedNow but run by a private organization (The Clearing House).
Member Growth & Engagement
Membership growth exceeded expectations in 2025, with a net gain of 5.60%, the highest organic growth of all local credit unions.
To better understand member needs, we conducted a comprehensive member survey. Results were overwhelmingly positive and confirmed strong alignment between how we view our value and how members experience it.
Members consistently indicated that:
- Century is their first choice for borrowing
- Our loan rates are lower than most local financial institutions
- Our deposit rates are competitive
- Our fees are lower than most alternatives
- Satisfaction across in-branch, phone, and digital channels remains very high
The survey also identified opportunities to improve, including interest in earlier direct deposit, faster transfers, enhanced rewards, and continued digital enhancements.
We have already taken action in several of these areas, including expanding faster payment capabilities, improving digital tools, and introducing new ways for members to benefit from their relationship with Century.
In some cases, members requested services in the survey we already offer. We followed up directly, helping them better utilize available features and strengthening those relationships.
Lending & Financial Growth
2025 was a record-setting year for lending.
We issued 1,316 loans totaling $43.4 million, the highest volume in our history. Auto lending led the way, with 842 loans totaling $23.6 million. Our new indirect lending partnership played a major role in this growth, bringing in new members and expanding our reach.
This development allowed us to surpass $100 million in total loans for the first time in our history, which we celebrated by awarding a Golden Ticket redeemable for one month’s auto loan payment to the member whose loan pushed us over the top.
Home equity lending also remained strong, helping members take advantage of the value in their homes.
Product & Value Enhancements
One of the most meaningful ways we delivered value in 2025 was through direct financial benefits to our members.
More than $150,000 was returned through 2% bonus dividends and 2% loan interest rebates.
Building on that success, we are introducing a new Loyalty Rewards Program in 2026. This program will provide ongoing monthly and quarterly rewards tied to everyday account usage, allowing members to benefit more consistently throughout the year.
Member Experience
We focused on strengthening the connection between Century and its members. By improving accessibility, simplifying account opening, and enhancing our digital presence, we made it easier for both new and existing members to engage with us.
We also removed barriers for non-members to join, helping expand our reach and bring more individuals into the credit union.
Security & Infrastructure
We strengthened both our physical and digital infrastructure, including cybersecurity enhancements, compliance improvements, and new third-party partnerships that support long-term growth.
We also took strategic steps toward the future by investing in infrastructure that will support the growth we have experienced over the years and position the credit union for continued expansion.
Training and Development
Our team remains one of our greatest strengths.
In 2025, we placed a strong emphasis on professional development, education, and certifications to ensure our employees are prepared to support the organization as it continues to grow.
We also expanded staffing, added resources in key areas, and launched a mentoring program to support long-term development and succession planning.
Operational Improvements
We implemented new systems and partnerships to improve efficiency and support growth, including enhancements to compliance, internal communication, and operational workflows. These improvements allow us to operate more effectively while maintaining a high level of service.
Community Impact
Supporting our community remains central to our mission.
In 2025, we expanded our outreach efforts through drives, volunteer work, and partnerships with local organizations.
Key initiatives included:
- A food drive supporting local veterans through JB Patriot Pantry
- “Bundles of Cheer” drive for individuals battling cancer
- Scholarship awards to local students
- Participation in GiveSTLDay supporting multiple nonprofits
- Volunteer efforts and supply drives with KidSmart
- Our first-ever blood drive, helping save lives
- School supply and donation matching campaigns
- Winter clothing and coat drives for those in need
- Toys for Tots holiday drive
We also supported financial education initiatives, local events, and nonprofit partnerships throughout the year.
In Summary
At Century Credit Union, our focus remains clear: helping people achieve what matters most to them. That means understanding our members, building real relationships, and providing the guidance and tools needed to move forward with confidence.
We are committed to delivering a different kind of banking experience. One that is built on trust, consistent service, and a genuine understanding of each member’s goals. Our approach is simple. Do the right things, do them well, and continue improving.
As a not-for-profit financial institution, our success is shared. In 2025, that meant returning more than $150,000 to our members. Moving forward, we are expanding how that value is delivered through ongoing loyalty rewards and continued enhancements to the member experience.
This progress is made possible by a dedicated Board of Directors providing strong governance, a talented team of employees committed to serving our members at a high level, and members who continue to place their trust in Century Credit Union.
Century Credit Union remains financially strong, locally focused, and built for the long term. That strength allows us to continue serving our members through changing economic conditions while investing in the future of the organization.
Most importantly, we remain committed to making a real difference. One member, one conversation, and one solution at a time.
Thank you for your continued trust in Century Credit Union.
Joshua Wallace
President & CEO
Supervisory Committee Chairman's Report
As members of the Supervisory Committee, we are responsible for overseeing the safety, soundness, and integrity of Century Credit Union’s operations and financial reporting.
In 2025, the Missouri Division of Credit Unions conducted an examination as of June 30. Their review confirmed that Century Credit Union remains financially strong, well-managed, and operating from a position of stability.
Net worth remains well above industry averages, providing a strong foundation to support continued growth. Examiners noted strong earnings performance, effective expense management, and a disciplined operational approach.
As expected during a period of significant growth, strategic risk and credit risk were identified as areas requiring continued monitoring. This is primarily tied to the expansion of lending activity, including growth in the indirect lending portfolio. At the time of the examination, no delinquency was present within that portfolio, and appropriate monitoring and controls were in place.
Loan files reviewed during the examination were well documented and in compliance with established policies. Recommendations were made to further strengthen lending policies as the credit union continues to grow.
An independent audit was performed by J. Tenbrink & Associates in accordance with regulatory requirements. The audit did not identify any material concerns and confirmed that financial practices and internal controls remain sound.
In addition, Century Credit Union completed its annual BSA/AML and OFAC risk assessment. Based on this review, the credit union maintains an overall low-risk profile, supported by strong internal controls, monitoring processes, and ongoing staff training.
The Supervisory Committee remains confident in the safety and soundness of Century Credit Union and will continue to support efforts to strengthen controls and oversight as the organization grows.
Respectfully submitted,
William Sip
Supervisory Committee Chairman
A year-over-year comparison of 2025 vs. 2024
The 2025 Consolidated Financial Statements provide a complete picture of Century's financial position and performance, highlighting your credit union's continued financial strength and stability. They show assets (what is owned), liabilities (what is owed), equity or net worth (financial strength), and income and expenses (operating results) through balance sheet and income statement reporting.