1st Financial Federal Credit Union Celebrated Strong Growth in 2017

1st Financial Annual Meeting

Photo Above: 1st Financial Federal Credit Union 2018 Annual Meeting held at the Hazelwood Branch.

Wentzville (May 22, 2018) – 1st Financial Federal Credit Union, a Community Development Financial Institution (CDFI), recently held their 49th Annual Meeting.  In 2017, 1st Financial celebrated strong growth ending the year with more than $250 million in assets.  The credit union 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 of Director members Robert Noonan and Jennifer Coliny. Robert Rutkowski was reappointed to the board. Gina Hakenewerth was appointed the new chairwoman of the Board of Directors.  Ms. Hakenewerth succeeds previous chairman, James P Combs, who faithfully served as board chairman for the past seven years.  Under Chairman Combs leadership, 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.

For more information about 1st Financial and the credit union difference visit, www.thebetterwaytobank.org.

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About 1st Financial Federal Credit Union

Established in 1968, 1st Financial Federal Credit Union is full-service financial cooperative whose mission is to improve the financial well-being of its members. With assets exceeding $250 million, 1st Financial serves more than 34,000 members.  For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.