The Wasatch Peaks 93rd Annual Meeting was held on March 23rd at Walker Cinemas in North Ogden. Members were welcomed to the event by employees and our friend MONEY MOO$E! Remarks were made by Board of Directors Chair, Mark Ramsey, Supervisory Committee Chair, George Kruitbosch, and CEO and President, Jeff Shaw.

We finally had a year with little impact from COVID-19 in 2022, but the year was not without its challenges. Towards the end of 2021, inflation started to climb and reached numbers we hadn’t seen in decades. This trend continued into 2022 and the year-over-year inflation rate peaked at 9.1% in June, the highest rate since 1981. In response to these inflation numbers, the Fed began raising interest rates in March and kept right on raising them throughout the year. We started 2022 with a Prime Interest Rate of 3.25% and ended the year at 7.50%.

Warm the Soles is made possible by the donations from our members and businesses, and the hard work of our employees. This year, we broke all previous donation records and were able to raise over $51,240 in donations! This provided 1,300 pairs of shoes for children at 12 local elementary schools.   A special thanks to all of our businesses members that donated to Warm the Soles this year! Your donations help children in our community receive new shoes each December.