1st Financial Groundbreaking in St. Charles

St. Charles branch groundbreaking ceremony
Pictured Left to Right: Mary West, St. Charles Ward 4 Alderman; Mary Jo Garofalo; Sally Faith, St. Charles Mayor; Michelle Rosner; Lone Callahan; Bob Rutkowski; Paul Sikorski, Carol Minges; Jim Combs; Dave Franke; Robyn Whalen; Brad La Macchia; and Steve Broadbent.

St. Charles, MO (March 9, 2017) – 1st Financial Federal Credit Union officially broke ground on their new branch located in the heart of St. Charles, Missouri on March 1.

1st Financial will relocate their St. Charles branch to 1721 Zumbehl Rd, St. Charles, MO 63303 in late 2017. The branch will be built by the professional team at La Macchia Group, LLC, a Milwaukee-based firm that specializes in financial institutions. Construction will take approximately 6 months to complete.

Community leaders, 1st Financial employees, and 1st Financial members were invited to attend the groundbreaking ceremony. St. Charles City Mayor, Sally Faith, and Ward 4 Alderman, Mary West, participated in the ceremony. Shelley Barr, 1st Financial member for over 20 years, attended the groundbreaking event and shared what 1st Financial has meant to her and the personal relationships she’s built through the years at 1st Financial.

During the construction phase, there will be no interruption of member service at the credit union’s current St. Charles branch location on Hwy 94.

1st Financial Federal Credit Union is a Community Development Financial Institution (CDFI) and the 2016 Community Credit Union of the Year by Credit Union National Association (CUNA). For more information about 1st Financial Federal Credit Union and the credit union difference, visit www.thebetterwaytobank.org.

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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 over $220 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. For more information, please visit www.thebetterwaytobank.org.


Local Students Save for College through College Kids

Comm_CollegeKidsSt. Louis, MO – 1st Financial Federal Credit Union, a Community Development Financial Institution (CDFI), partnered with St. Louis Office of Financial Empowerment and the City of St. Louis Treasurer, Tishaura Jones, for the 2017 kickoff event of College Kids, on January 25, 2017 at the Downtown 1st Financial branch.

“1st Financial has been a wonderful partner in our financial empowerment initiatives since shortly after I started in 2013. The ability to house the accounts at a credit union allows children and families to deposit additional funds at any branch that participates in the shared branch network, giving us a strong regional footprint. Additionally, the staff at 1st Financial stand ready to volunteer with us to make sure the program reaches as many as possible,” stated Jones.

College Kids, a program providing Children’s Savings Account for every single kindergartner in a public and charter school within the city of St. Louis, launched in the fall of 2015. These accounts were opened automatically with an initial $50 deposit from the City of St. Louis Treasurer’s Office to help families jump start their college savings. The College Kids savings accounts are held at 1st Financial Federal Credit Union.

This was the fourth College Savings Night, hosted by 1st Financial since the launch of the program in 2015. Each year, the number of kindergartners participating and attending College Savings Night grows, along with deposits made by the City of St. Louis and the students themselves.

During the event at the Downtown branch of 1st Financial, kindergartners and their parents were treated to pizza and the kindergartners were able to make a deposit into their account. 1st Financial also deposited a $20 scholarship into each child’s account who attended the even to help jump start their savings.

1st Financial Federal Credit Union is a Community Development Financial Institution (CDFI) and the 2016 Community Credit Union of the Year by Credit Union National Association (CUNA). For more information about 1st Financial Federal Credit Union and the credit union difference, visit www.thebetterwaytobank.org.

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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 over $220 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. For more information, please visit www.thebetterwaytobank.org.


Connecting People to Success through Partnership

IMG_3659St. Charles, Missouri – 1st Financial Federal Credit Union served Connections to Success of St. Charles in January as a part of its Helping People 1st Grant Program.

1st Financial created the Helping People 1st Grant to assist non-profit organizations that are focused on housing, financial literacy, job training, or education efforts in the St. Louis area. In January, the Wentzville Branch continued this support by working with Connections to Success of St. Charles County.

“1st Financial continues to be a strong partner. We are so grateful for the ways they are positively impacting the local families we serve through volunteerism and financial investments, like this grant,” stated Mary Lambert, Chief Executive Officer Co-Founder, of Connections to Success.IMG_3627

Connections to Success, is a local organization which provides services and support to break the cycle of poverty. The organization serves people transitioning from poverty, incarceration, domestic violence, and other complex situations. The program’s main goal is to empower individuals through their transformation to economic independence by creating a program that meets the program participants where they currently are in life.

1st Financial presented a check to Connections to Success in the amount of $997.47 which was made up of a $500 grant plus additional funds from 1st Financial employees fundraising efforts.

“Connections to Success is a non-profit organization that I feel very strongly about. They strive to work to break the cycle of poverty. Their mission is gives people hope, resources, and a plan. Volunteering at this organization was inspirational and continues to be an inspiration because of their passion to help people in our own communities” stated Pat Johnson, Wentzville Branch Manager of 1st Financial.

1st Financial also had the privilege of volunteering 10% of their workforce at Connections to Success for a total of 80 volunteer hours.

1st Financial Federal Credit Union is known as a Community Development Financial Institution (CDFI) and the 2016 Community Credit Union of the Year by Credit Union National Association (CUNA). For more information about 1st Financial Federal Credit Union and the credit union difference, visit www.thebetterwaytobank.org.

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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 over $220 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 product s 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. For more information, please visit www.thebetterwaytobank.org.


1st Financial Federal Credit Union Wins Community Credit Union of the Year

Tracy, Carol, & Laura. Wentzville, MO – 1st Financial Federal Credit Union was awarded the 2016 Community Credit Union of the Year Award of Community Development Credit Unions by CUNA in Dallas, TX.

1st Financial a $222 Million Community Development Financial Institution (CDFI) credit union, operates four branches in Missouri: Wentzville and St. Charles in St. Charles County, Hazelwood in St. Louis County and Washington Ave, in the heart of the City of St. Louis.

CDFI’s are known for their investments made within the community. One of the many goals of a certified CDFI is to have a mission to guide economic opportunity and renew local neighborhoods. With only 1,000 CDFI’s existing, 1st Financial Federal Credit Union is proud to be a part of that number.

Todd Spiczenski, CUNA Chief Products and Services Officer, said, “They, along with all of our 2016 entrants, show how Credit Unions that are fully devoted to the principle of People Helping People can make a difference in the financial lives of, not only, individuals, but also their communities as a whole.”

While it is improving, St. Louis is known as one of the most unbanked cities in the nation. Financial institutions, like 1st Financial Federal Credit Union, work to give members of the community access to financial products and services, while establishing strong partnerships for a more strategic and sustainable outcome.

St. Louis City Treasurer, Tishaura Jones and 1st Financial Federal Credit Union have strategically partnered to implement programs that work on job training and education in St. Louis City.

“My office has made a commitment to invest in the future by providing college savings accounts for every kindergartener in a public school throughout the City of St. Louis,” said Jones. “Our partnership with 1st Financial Federal Credit Union allows parents and family members to make deposits into the savings accounts at any shared branch location. Together, we are eliminating barriers to college access one savings account at a time.”

Statistics show that children with balances as low as $1 in a dedicated savings account are 2.5 times more likely to enroll in and graduate from college than students with no previous savings. 1st Financial has opened over 2,800 college savings accounts for kindergartners in St. Louis City public and charter schools.

Through the STL Youth Jobs program, 1st Financial has provided financial education and checking accounts for over 1,400 young adults between the ages of 16 and 24.

Strengthening the community is in the DNA of 1st Financial Federal Credit Union. 1st Financial created the Helping People 1st monthly grant program with the purpose of making a positive impact on the communities they serve. Each month, 1st Financial awards a $500 grant to a nonprofit focused on sustainable housing, job training, and education.

Since 2014, 1st Financial has given over $30,000 or 1.9% of net income, in grant money to local nonprofit organizations, such as Gateway 180, Urban League, Beyond Housing, KidSmart- Tools for Learning, Mission St. Louis, Junior Achievement, and Habitat for Humanity. Additionally, employees of 1st Financial are encouraged to volunteer with the nonprofits each month. Since the launch of Helping People 1st program, 1st Financial has given over 1,100 volunteer hours.

“1st Financial is humbled to receive this award and proud to be making an impact in our communities we serve,” said Carol Minges, CEO of 1st Financial Federal Credit Union. “At 1st Financial, we want you to know that when you invest your money in one of our checking accounts or auto loans, you have done more than give yourself a low cost banking product. You have also invested into the future success and continued change in the communities you love.”

For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org

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 over $220 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.


1st Financial Announces Retirement of Chief Operations Officer after 35 Years at Credit Union

WENTZVILLE, MO (December 12, 2016) – 1st Financial Federal Credit Union, a Community Development Financial Institution (CDFI), recently announced the retirement of the Chief Operations Officer, Mary Jo Garofalo.

mary jo garafalo 1st financial

Garofalo began her career at 1st Financial as a part-time file clerk in 1981. Since then she has played many roles at 1st Financial including loan administrator, Visa program manager, branch manager, and vice president of operations.

In 2007, Garofalo assumed the role of chief operations officer at 1st Financial. She currently oversees the daily operations of their four local branches: Wentzville and St. Charles in St. Charles County, Hazelwood in St. Louis County, and Washington Ave, in the heart of the City of St. Louis.  She also oversees the contact center.

“Mary Jo has made a significant contribution to 1st Financial and her DNA has been woven into the very fabric of this organization,” said 1st Financial CEO, Carol Minges.  “We will miss her unfiltered words of wisdom, humor and unique view of life.”

With a career spanning three decades, Garofalo has witnessed the evolution of technology in the banking industry. From faxes to email and typewriters to computers, the business operations and the needs of the members have changed dramatically through the years.mary jo garafalo early years

Focused on staying competitive in the banking industry and being an advocate for all credit unions, Garofalo participated in introducing the idea of bringing credit union shared branching to Missouri. 1st Financial had the honor of being the first credit union in the United States to open accounts for other credit unions as part of the shared branch network. The shared branch network is now a nationwide network of more than 30,000 surcharge-free ATMs and 5,000 credit union shared branch locations.

Garofalo also spearheaded the introduction of many new products and services for 1st Financial members like mobile and online banking, mobile wallets, SnapDeposit, RollUp Savings, and instant issue debit cards.

“My career at 1st Financial has spanned over 35 years and I will miss that part of my life. However, I’m excited to start the next chapter and am looking forward to spending lots of time with my granddaughters,” said Garofalo.

“While we are thrilled for Mary Jo and her new found freedom it is difficult to see her go,” said 1st Financial Chief Lending Officer Michelle Rosner.  “She embodies what credit unions are about…she enjoys helping people.  Whether giving her managers the autonomy to grow their branches or giving life lessons in leadership, Mary Jo’s presence will be greatly missed.  We are a better credit union because of Mary Jo.”

Following Garofalo’s retirement, Lone Callahan, formerly the Vice President Branch Operations at Harvester Financial Credit Union in Indianapolis, will assume the title of vice president of member experience at 1st Financial.

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

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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 over $220 million in assets, 1st Financial is a St. Louis metro area financial institution dedicated to helping members achieve their financial dreams.

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.


Write to Dream Contest is Empowering Local Youth

St. Louis, MO – “It is difficult to dream when there is no food in the home, and illnesses or addictions run rampant in the family,” said VaNetta Clark, Aspire Academy teacher.

1st Financial Federal Credit Union, a Community Development Financial Institution (CDFI), awarded their quarterly Community Grant to their member, Ms. Vanetta Clark to support her efforts to strengthen the community through education.

Ms. Clark, a teacher at Aspire Academy and a member at 1st Financial Federal Credit Union, not only impacts her student’s lives daily in the classroom, but she also facilitates the Write to Dream contest. This writing contest is a bi-annual contest that is open to all of the students at Aspire Academy.

Once the entries have been submitted, with the help of a panel, Ms. Clark picks 25 students and treats them to a dream day outing including lunch at exquisite restaurant and ride in a limousine. While they are out they talk to the students about their future dreams.

“As an educator, author, and visionary it is my desire to sow seeds of greater possibility within the minds of our youth. As a teacher, I am well acquainted with the adversity each student encounters on a daily basis. Unfortunately, the cycle is repeated in many cases,” said Ms. Clark.

“The Write to Dream contest is designed to teach youth how to dream beyond their immediate surrounding. In addition, the program is a call-to-action for those invested in the success of our youth and the individuals willing to look beyond the current state of our city into greater possibility and to recognize our ability to create the outcome we desire.”

1st Financial Federal Credit Union awarded Aspire Academy a Helping People 1st Grant in the amount of $500. This grant allows the school and Ms. Clark to continue to facilitate the Write to Dream contest.Processed with VSCO with a5 preset

“We love what Ms. Clark is doing in our community,” said Tracy Verner, Community Development Manager at 1st Financial Federal Credit Union. “She allows students to dream, to be creative, and to learn in her classroom and we are honored that Ms. Clark is also a 1st Financial member. Together, we are empowering kids to learn, to write and, above all else, to dream big.”

At 1st Financial Federal Credit Union, we believe education is one of the fundamental foundations to achieving financial freedom no matter how young you are. For more information about 1st Financial visit www.TheBetterWayToBank.org.

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 over $220 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.


Paving the Path for Economic Independence with the Help of a Local Credit Union

Wentzville, MO 1st Financial Federal Credit Union, a Community Development Financial Institution (CDFI), focused on serving the community with education, job training, and sustainable housing resources, partnered with Connections to Success in September to provide economic and training resources as part of 1st Financial’s Helping People 1st program.

Connections to Success, is a local organization which provides services and support to break the cycle of poverty. The organization serves people transitioning from poverty, incarceration, domestic violence, and other complex situations. The program’s main goal is to empower individuals through their transformation to economic independence by creating a program that meets the program participants where they currently are in life.

1st Financial Federal Credit Union was able to serve as a resource to Connections to Success by facilitating mock interviews for the participants. The Vice President of Human Resources, Hazelwood Branch Manager, Chief Lending Officer, and Community Development Manager walked through the interview process including how to dress and prepare for an interview, what questions to anticipate, and provided individual feedback to each of the participants during the mock interviews.

Connections to Success has been a recipient of 1st Financials Helping People 1st grant for the past three years. With the grant and funds provided by other fundraising efforts supported by both 1st Financial employees and members, 1st Financial was able to present a check for $759.25 to Connections to Success in September.

helping people 1st connections check

 

Pat Johnson, Wentzville Branch Manager, stated “Over the years, our partnership with Connections to Success has grown tremendously. We are able to help people who could quite possibly be our friends or our neighbors become financially independent.”

Lynda Keeton, the Event Coordinator for Connections to Success stated, “We are honored to be the recipient of the Helping People 1st Grant and truly appreciate the ongoing partnership with 1st Financial Federal Credit Union.” Ms. Keeton continued to state, “Together we are impacting our communities and changing lives.”

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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 with 1st Financial Federal Credit Union. Visit www.TheBetterWayToBank.org for more information.


1st Financial Federal Credit Union Members Re-Elect Board Members

June 1st, 2015 –1st Financial Federal Credit Union members elected three volunteers to the 1st Financial Board of Directors at the Annual Meeting.

The Annual Meeting gives 1st Financial members the opportunity to directly affect the credit union’s direction by electing volunteers to the Board of Directors.  On Tuesday, April 28th, Jim Combs, Robert Rutkowski, and Paul Sikorski were elected to champion the interests of their fellow members.

“The annual meeting is an important part of what makes credit union cooperatives so unique, said Carol Minges, Chief Executive Officer for 1st Financial Federal Credit Union.  ”Members get an opportunity to come and vote for the individuals that they would like to represent them in decisions that determine the direction of the credit union.”

She continued, saying “I was pleased to see so many talented candidates that were interested in volunteering their time to help provide governance and oversight to our credit union.”

Jim Combs has been a 1st Financial member for twelve years.  He is currently retired.  Mr. Combs has been a member of the 1st Financial Board of Directors for the past six years and served as Board Chairman since 2011.  Mr. Combs has a Bachelor’s Degree in Business and a Masters Degree in Human Resources.  He also serves on the Veterans Commission in O’Fallon and the Transportation Commission in St. Charles County.

Robert Rutkowski has been a 1st Financial member for four years.  He is currently retired.  Mr. Rutkowski worked at Boeing where he was an Aeronautical Engineer for 41 years.  Mr. Rutkowski also served in the US Air Force and the Air National Guard for 30 years.  He holds a Bachelor’s degree in Aeronautical Engineering and has been a pilot for 52 years.  Mr. Rutkowski has been an active member of the 1st Financial Board of Directors for the past four years.

Paul Sikorski has been a 1st Financial member for thirty three years.  Mr. Sikorski is retired from Boeing where he was an Aeronautical Engineer for thirty seven years and served as a Lieutenant/Colonel in the Missouri Air National Guard for twenty years.  Mr. Sikorski holds a Bachelors degree in Aeronautical Engineering and holds a Masters degree in Business Administration.  Mr. Sikorski has been on the 1st Financial Board of Directors for the past twelve years and has served as Board Secretary for the past three years.

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 many credit unions, 1st Financial is a member-owned, not-for-profit financial cooperative committed to providing quality services to the membership while demonstrating safe and sound business practices. 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. 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 reasonable rates on loans and higher savings yields.

Today, with over 30,000 members and nearly $200 million in assets, 1st Financial is able to serve anyone who lives, works (regularly does business in*), worships or attends school in the City of St. Louis, St. Louis County or St. Charles County. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? Visit www.TheBetterWayToBank.org for more information.

 

 

 

 


1st Financial Federal Credit Union Members Elect 2014 Board Members

FOR IMMEDIATE RELEASE

CONTACT:
Laura Woods
636-916-8303
lwoods@1stfinancialfcu.org

May 1, 20141st Financial Federal Credit Union members assembled to elect two Board Members at the 2014 46th Annual Meeting in Wentzville, MO.

On Tuesday, April 22nd, members gathered at the Wentzville Parkway location for 1st Financial’s 46th Annual Meeting. After the attendees had a chance to visit with famous St. Louis mascot FredBird® and eat a complimentary meal, Chairperson to the Board of Directors Jim Combs held a vote for the two open board seats. James Setzekorn and Gina Hackeneworth were elected by acclamation.

James A. “Bo” Setzekorn has been a member of 1st Financial Federal Credit Union for the past 30 years and a board member for the last 4 years. Mr. Setzekorn has a Bachelor’s of Science in Finance from UMSL and has worked with Boeing for 33 years.

Gina Hackeneworth has been a member of the Credit Union for over 3 years. An employee of Laclede Gas, Ms. Hackeneworth previously served as a member of the Supervisory Committee and was appointed to fill out the remaining term of a retiring board member in December of 2013.

The Board of Directors and Supervisory Committee are populated entirely by volunteers who offer up their passion and ability for this institution. These members are charged with forming policies for the credit union and ensuring that 1st Financial continues to work towards their core purpose of “Helping people achieve their financial dreams”.

“Our board members are amazing people,” said Michelle Rosner, Vice President of Sales and Marketing at 1st Financial. “We have had the opportunity to work with them for a while and their zeal for helping people inspires me daily.”

She went on to say, “the board is the guiding light which helps decide the direction we want to go. The great thing about having a board comprised entirely of volunteers is the personal investment they make in shaping the future of the credit union.”

Being democratically controlled by a volunteer group of members is one of many differentiators between traditional banks and credit unions. These volunteers are voted into office by fellow members, allowing for every member to have a voice and equal opportunity for participation in setting policies and making decisions.

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

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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.


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

FOR IMMEDIATE RELEASE

CONTACT:
Laura Woods
636-916-8303
lwoods@1stfinancialfcu.org

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.

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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.