2026 Supervisory Committee Report
The Supervisory Committee is pleased to report to you — the members and owners of the Credit Union — that the results of the various examinations conducted in 2025 confirm that your Credit Union remains in sound financial condition.
The Supervisory Committee consists of four members appointed by the Board of Directors to staggered three-year terms. Our primary responsibility is to provide oversight and ensure that:
- The Credit Union records are accurate;
- Assets are properly safeguarded; and
- It utilizes appropriate procedures for the proper handling and use of funds.
To fulfill these responsibilities, the Supervisory Committee engaged the independent certified public accounting firm of Griffin & Furman, LLC to perform the Annual Supervisory Committee Audit as of December 31, 2025. In addition, Griffin & Furman, LLC assisted in evaluating the Credit Union’s operations to ensure that:
- Members’ assets are being safeguarded;
- Established policies and procedures are being followed; and
- Internal controls are in place and functioning effectively to prevent or detect fraud and other irregularities.
We are pleased to report that the Credit Union received favorable results from all 2025 reviews. These results provide assurance that your Credit Union continues to operate in a safe, sound, and responsible manner.
Nick Condon, Chairman of the Supervisory Committee
Board of Directors
- Wayne Aufrecht – Chairman
- Raymond J. Condon – Vice Chair
- Dan L. Lucas – Treasurer
- Carol C. Gstohl – Secretary
- Martha Y. Curtis
- Raelyn Galliand
- Therese Johnson
Supervisory Committee
- Nick Condon – Chairman
- Tony Thong
- Stephen B. Timmreck
- Raelyn Galliand
2026 Annual Meeting – A Message from Our President
Dear Valued Member:
What an EPIC year it’s been! I truly believe we’re living up to our new name as your credit union. In 2025, our dedicated team educated over 5,300 individuals through more than 102 financial literacy sessions and visited our Select Employee Groups over 300 times. At the core of every credit union is the principle of people helping people, and that shines through in the honest, open, responsible, and caring banking we provide —values that form the heart of our EPIC identity. Historically, credit unions like ours have held the responsibility to Educate, Protect, and Impact our Communities, and we strive to honor that commitment every single day.
Financially, EPIC FCU had another solid year. While indirect auto loan volumes declined for various reasons, our mortgage volume doubled, thanks in large part to the tremendous popularity of our HERO Mortgage program. Even as delinquency and charge-offs rose and growth came in slower than expected, we maintained strong liquidity and financial stability. We’re proud to remain well-capitalized, allowing us to focus on deepening our relationships with you, our members, and the community we all share.
Looking ahead, we recognize that technology is evolving at a breathtaking pace, and we must adapt to stay relevant and supportive. The rapid changes in our world call for us to act with even greater urgency, making ongoing digital transformation a top priority to better align with your preferences and boost our efficiency. We’ll continue leveraging partnerships to deliver real financial benefits, including exploring digital and AI tools that strengthen security, combat fraud, and protect your data — all while keeping our employees and members like you at the center of every decision.
We’re excited to share some updates on our physical spaces that reflect our commitment to serving you better. Our newly constructed Northshore branch in Covington is set to open its doors in mid-May, bringing modern, convenient banking closer to more of our members in that growing community. Additionally, we’ll be kicking off long-overdue renovations at our Metairie and New Orleans locations later this year. We know these updates have been a long time coming, and we’re grateful for your patience as we’ve worked through the planning stages. These investments are essential to position us for future growth, ensure we can integrate the latest technology to enhance your experience, and continue providing the secure, welcoming environments you deserve.
To our members, staff, and volunteers: thank you from the bottom of our hearts for your unwavering support. Serving you is our greatest privilege and the driving force behind everything we do. We’re deeply grateful for the trust you’ve placed in us as your financial partner.
Shelley Sanders, President and CEO
Wayne Aufrecht, Chairman of the Board of Directors