SAUGUS, Mass. — The Saugus Federal Credit Union 70th annual meeting proved to be a time for celebration.

According to SFCU Board Treasurer Ted Nickole, while other financial institutions in the country have been reporting negative results for 2007, Saugus FCU had another positive year.

"I am pleased to tell you that even with all the negativity in the financial markets around us, we were able to have another profitable year," Nickole said to attendees. "We have many new expenses with the opening of the new main office, and we are working diligently to ensure our continued success. Although things have been more difficult, we continue to makes strides as we prepare the credit union for the future."

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