“Here Comes the Sun” was the theme of the recent annual meeting held by Burlington, Mass.-based corporate credit union EasCorp, said Alan Bernstein, president of Vertifi, a CUSO wholly owned by EasCorp, and the upbeat spirit of the Beatles’ tune was exactly the mood of the night.
“The mood was incredibly upbeat,” said Bernstein, in an interview in which he acted as an EasCorp spokesperson. “‘Here Comes the Sun’ symbolized the upturn in our business.”
“We have a business model for going forward,” said Bernstein. “We put together a plan, and we executed it properly. \We are a ‘well capitalized’ corporate, by NCUA’s standards; we got terrific support from our approximately 180 members who participated in our PPC program.”
About 150 credit union executives attended the EasCorp annual meeting and there they heard messages that supported what Bernstein said. In particular, EasCorp’s president, Jane Melchionda, said that the corporate’s subscription program had sold out. She also reported that EasCorp and its Vertifi subsidiary experienced significant growth in new members and product sales during the most recent four quarters.
Added Bernstein: “Our earnings are trending upwards. Our sales are strong. We are back to business.”