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Message from Our CEO - October 2018


Cabrillo is Growing

It has been several months since I became CEO and I am happy to report that Cabrillo is growing.  For full disclosure, this growth didn’t start the day I became CEO.  Rather, our growth started early in the year, when we launched our new Strategic Plan and announced our Mission:  To enrich the lives of our member-owners, one relationship at a time.

Before we talk about the importance of growth, let’s briefly review the distinction of being a member-owner at Cabrillo.

Credit Unions are not-for-profit, member-owned cooperatives, that were originally established by a small group of members who shared a common bond.  With Credit Unions you aren’t just a customer (like at a bank), but rather a member-owner.  Your initial deposit provides you with a share (vote) for the Board of Directors who represents you.  Additionally, as a member-owner, you earn dividends on your deposits with Cabrillo. 

Which leads us back to the topic of growth…

Growth is good for Cabrillo because, it:

  1. Gives us more resources to reinvest back into YOU, through better loan and deposit rates.
  2. Allows us to invest more in technology, to provide you easy access to your money...24 hours a day...7 days a week...365 days a year.
  3. Generates more resources, which allows us to provide loans and deposits to more member-owners.
  4. Provides us additional resources to invest in the groups we serve, including the US Border Patrol, other Federal Agencies, Sharp HealthCare, the City of Carlsbad employees and the greater San Diego Community.
  5. Creates the opportunity to increase our workforce, which not only improves the level of service we provide to you, but also helps contribute to the local economy.
  6. Helps create efficiencies, optimize capacities and spread out fixed costs across more member-owners. Lower costs help put more money back into YOUR pocket. 

Cabrillo has seen steady growth in loans, deposits and new members in 2018.  Our plan is to continue this trend into 2019 and beyond.

As a member-owner, the best ways for you to help contribute to Cabrillo’s growth is to use the products and services we offer, since the revenue we generate is reinvested back into serving you.

You can also help us grow, by referring your friends, family members and co-workers to join Cabrillo.  Not only will you benefit from Cabrillo’s growth, but you’ll also know that the people you care about will have the opportunity to experience all of the great things that Cabrillo has to offer.

With Regards, 


Click here to read previous CEO messages

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