WENTZVILLE, Mo.– 1st Financial Federal Credit Union, a community development financial institution recently held its 49th Annual Meeting, noting that in 2017 it enjoyed strong growth and ended the year with more than $250 million in assets. The credit union said it hit this new milestone in assets while maintaining their strong commitment to the community, including donating 508 employee hours to volunteering in the community in 2017.
“When we have a successful financial year like we did in 2017, we see it not only as our success, but as the success of all of our members,” said Carol Minges, CEO of 1st Financial Federal Credit Union.
1st Financial has a strong presence in the St. Louis area with two branches located in St. Charles County; one branch in St. Louis County; a branch on Washington Ave, in the heart of the City of St. Louis; as well as more than 30,000 shared branches nationwide.
At the annual meeting, 1st Financial welcomed new board members Robert Noonan and Jennifer Coliny. Robert Rutkowski was reappointed to the board. Gina Hakenewerth was appointed the new chairwoman, succeeding James P Combs, who faithfully served as board chairman for the past seven years. Under Combs, the credit union grew from $204 million in assets to $257 million in assets and rolled out many innovative products and services that serve our membership. Chairman Combs served 10 years on the 1st Financial Board and Supervisory Committee.
“We are proud to have a dedicated group of Board of Directors and Supervisory Committee members that are committed to the success of our credit union and to ensuring that we are meeting the needs of our membership,” said Minges.