1st Financial Federal Credit Union Announces Carol Minges As New CEO


Laura Woods

St Louis, MO – The Board of Directors of 1st Financial Federal Credit Union is pleased to announce Carol Minges as the Credit Union’s Chief Executive Officer (CEO) effective immediately. Previously serving as the interim CEO since June 2013, Minges replaces outgoing CEO Frank Nelson.

Board Chairman, Jim Combs noted, “Carol was the unanimous choice for CEO to lead the Credit Union into future and drive the continued success of the member-owned organization. Her dedication to the membership, the employees, and the credit union movement are unparalleled. The Board of Directors and I are looking forward to a positive year of growth, for both the employees and the members.” During her past six months as the interim CEO, 1st Financial earned the status of “Winning Workplace” from Small Business Monthly.

carol-headshot Minges, who holds a Bachelor’s Degree in Information Technology from Indiana Wesleyan University, formerly held the role of Chief Information Officer for 1st Financial Federal Credit Union. While as CIO, Minges was instrumental in leading the Credit Union’s core system conversion with the utmost attention to precision teamwork.

Combs went on to say, “Carol has the ability to marry the importance of leading people while integrating technology to improve the efficiency of the organization. She is passionate about seeing the employees grow to better serve the members of the Credit Union and help them achieve their dreams.” Her twenty-two year career in credit unions includes eleven years with Forum Credit Union in Indiana and five years with Arsenal Credit Union in St. Louis, Missouri.

Carol Minges added, “1st Financial is on the cusp of great things and I am honored to be selected to lead such an inspiring and passionate team on the journey to help our members, employees, and the communities we serve achieve their dreams. I am also grateful to work with such a supportive and engaged board”.

For more information on 1st Financial Federal Credit Union and the credit union difference, please visit www.TheBetterWayToBank.org or call (636) 916-8300.


About 1st Financial Federal Credit Union

Like all credit unions, 1st Financial is a member-owned, financial cooperative. 1st Financial Federal Credit Union was chartered on September 3, 1968 as District 837 Credit Union by the International Association of Machinist members employed by McDonnell Douglas. Today, with over 30,000 members and nearly $200 million in assets, 1st Financial is a St. Louis metro area financial institution dedicated to helping members achieve their financial dreams. For over 45 years 1st Financial has provided members with a full line of dependable financial products and services which returns profits to the members in the form of lower rates on loans and higher savings yields. The cooperative nature of credit unions enables 1st Financial to provide products and services at very reasonable rates.

1st Financial Federal Credit Union serves those who live, work, worship, attend school, or regularly conduct business in St. Louis City, St. Louis County, and St. Charles County, Missouri and a wide array of companies throughout the St. Louis metropolitan area. 1st Financial is a member-owned, not-for-profit financial organization committed to providing quality services to the membership while demonstrating safe and sound business practices. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? If you live, work, worship, attend school, or regularly conduct business in St. Louis City, St. Louis County, and St. Charles County, Missouri, you can open an account today.