VISTA Today’s ongoing highlights from the annual reports of Chester County companies and organizations continues this morning.

Last week it was the Chester County Planning Commission annual report. This morning its Exton-based Citadel Federal Credit Union’s turn.

• According to the credit union’s annual report published on April 13^th, Citadel finished 2014 with Net Income of more than $21 million and a Return on Assets of 1.06%.

• The credit union’s capital exceeds $215 million, reflecting a Net Worth Ratio of 10%, well above the National Credit Union Administration’s target for a well-capitalized credit union, according to the report.

• Citadel’s Wealth Management Division’s Assets Under Management (AUM) grew from $408M in 2013 to $484M at the close of 2014, a 19 percent year-over-year increase.

• During 2014, the credit union saw a 6.2 percent increase (for a total of 129,154) in the number of households banking with the credit union.

• Just shy of 100,000 members are enrolled in the credit union’s Online Banking function, an increase of 16.2% over 2013.

• More than 400 partner businesses, organizations and companies in the Philadelphia area including A. Duie Pyle, CTDI, Pay Chex, SAP, Sikorsky Helicopter and Weston Solutions use Citadel’s Workplace Advantage program.

• Citadel opened three new branches, two in Montgomery County and one in Delaware County, in 2014, bringing their total branch count to 18. Their first Bucks County branch in Warminster is expected to open this Spring.

Read Citadel’s annual report below or download a copy of Citadel’s 2014 Annual Report here.

Citadel Federal Credit Union 2014 Annual Report