We are very proud to have introduced the BluPeak Foundation during late 2024. Going forward, this foundation galvanizes our commitment to making a positive impact in the communities we serve. The foundation’s inaugural donation was to Water.org, a global nonprofit working to provide families with lasting access to safe water. This was done as part of our annual celebration of “World Water Day”. Closer to home, BluPeak contributed a monetary donation to the Red Cross – enough to supply over 21,000 bottles of clean drinking water – helping bring vital relief to individuals and families affected by the California wildfires.

In addition, we have been providing solar roofs to thousands of homes across the country with our energy loan programs. We are proud to actively support community events such as San Diego Earth Fest, Davis Pride, and San Diego Pride, where we serve as sponsors and enthusiastic participants. These engagements not only reflect our commitment to diversity, inclusion, and environmental sustainability but also demonstrate our dedication to fostering vibrant and resilient communities. Through our ongoing involvement in such initiatives, BluPeak strives to contribute meaningfully to the well-being and vitality of the communities we call home.

2024 was a pivotal year for BluPeak Credit Union inside our multi-year commitment to transform ourselves from a 20th century traditional financial institution into a 21st century financial institution that is future-ready. BluPeak desires to be unlike any other financial institution you know. Our digital-first, purpose-focused strategy makes us different and is a strong long-term competitive advantage.

Being future-ready involves significant commitment to change with major investments in our digital transformation, while maintaining our high level of personal service. To ensure your money is safe, we invest in very strong cybersecurity measures and fraud detection systems. We live in complicated times where it is critical to support our members amid a continuously changing world.

As we reflect on the past year, we acknowledge that it has been one of the most challenging periods in our credit union’s history. Economic uncertainties, and industry-wide financial pressures have tested our resilience. Despite these hurdles, our commitment to serving you—our members—has never wavered. Like many financial institutions, we faced unexpected difficulties that required difficult decisions. Our financial results in 2024 reflect our efforts to strengthen our long-term capital position, to support future growth. It was important for BluPeak to address COVID-era structural weaknesses remaining in our loan and investment portfolios. While these necessary actions impacted our financial results, we remain financially sound and dedicated to prudent management practices that ensure our long-term stability.

We want to express our deepest gratitude to you, our members, for your continued trust and loyalty. Your engagement and feedback remain invaluable as we navigate these uncertain times. We also extend our appreciation to our dedicated employees and volunteers who have worked tirelessly to uphold our mission.

Looking ahead, we are confident that the steps we have taken will position us as future-ready to support your financial needs and aspirations. Our strategic initiatives for the coming year include enhancing digital banking services, expanding our lending programs, and continuing to strengthen our financial foundation.

Thank you for being an essential part of our credit union family. We are committed to serving you with transparency, integrity, and unwavering dedication.