b'During 2023, we observed significant changes in the economy and our industry. Buoyed by a strong job market, consumers continued to spend, uplifting the overall economy. At the same time, higher interest rates and higher prices continued to impact consumer budgets, including those of our members. Higher rates also put pressure on industry liquidity, creating challenges for most financial institutions.At Mission Fed, weve charted a path that ensures we are always putting the needs of our members first. In doing so and despite 2023s challenges, we had one of our best years yet. Our membership now numbers over 300,000 with $6 billion in member assets managed. In a year where funding was tight, we grew deposits by an industry leading $530 million, or 11%. Plus, total loans originated exceeded our forecasts by over $66 million. These increases come from our commitment to engaging in a cycle of investing, building, and growing.Investingin our employees, our members, and our communityBuildingnew products and services, new locations, and new capabilities Growingnot just in tangible numbers like loans issued, but in our members confidence in treating them well, building their financial health, and managing our financial position conservatively.As we look forward in 2024, we also want to thank Debra Schwartz for her incredible service as Mission Feds CEO. Due to her esteemed leadership and vision, we have made great strides over the past 17 years. Now, we are primed to continue that success and strengthen our standing as the premier full-service financial institution devoted to serving the needs of all San Diegans.DR. DON J. SHELTON DOUG WRIGHT DEBRA SCHWARTZChair, Board of Directors President and CEO Former President and CEOMission Fed Board of Directors, left to right:Dr. Timothy Glover, DirectorDr. Melanie Branca, DirectorDr. Kamran Azimzadeh, Secretary/TreasurerLora Duzyk, DirectorDr. Don J. Shelton, ChairDr. Lupe Buell, DirectorWayne Oetken, Past ChairMalliga Tholandi, DirectorScott Patterson, Vice-Chair'