A. We are pleased to report on yet another successful year of operations despite some major economic challenges; however we are not in a position where we are able to pay patronage. Low interest rates, tight margins, increasing operational costs and regulatory demands have had an effect on our overall profitability. During the past year we held a strategic planning session to look at both the short and long term requirements to remain an autonomous Credit Union. Your Board of Directors recognizes the need to build capital to support current and future business demands. We look forward to the day when we meet our capital targets, so that once again our members can receive patronage payments.