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Press Release May 10th, 2011


Michelle Rosner

Jim Combs Elected as Chairman of the Board for 1st Financial Federal Credit Union

May 10, 2011 –1st Financial Federal Credit Union, located in Wentzville, St. Charles, Hazelwood, and downtown St. Louis, Missouri has elected Jim Combs as Chairman of the Board for the financial cooperative. He replaces Robert Riccardi as outgoing Board Chairman.

Combs, who holds a Bachelor degree in Business from the Lindenwood University (LU), as well as a Masters in Human Resources from LU, was elected for the role of Chairman after three years serving as the head of the supervisory committee for 1st Financial Federal Credit Union. "I am honored to work with a talented group of individuals at 1st Financial, and have the privilege of giving back to the credit union cooperative and the community." said Combs.

Additional experience includes over thirty years of business experience with Schnucks Markets, Inc. and nearly ten years in serving as a volunteer board member and supervisory committee members with Teamsters Credit Union. Currently, Combs holds a position with the Senior Advisory Board for the City of O'Fallon, MO and enjoys substitute teaching in his spare time. "His business experience along with his credit union experience made Jim Combs the perfect candidate to guide 1st Financial Federal Credit Union on its quest to provide the best overall value in banking in the St. Louis metro area. The credit union and the membership are fortunate to have a volunteer leader as experienced as Combs to guide us as we continue our goal of becoming the best overall value in banking." stated Frank Nelson, CEO/President of 1st Financial Federal Credit Union.

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 33,000 members and $210 million in assets, 1st Financial is a full service financial institution dedicated to helping our members achieve their financial dreams. For over 40 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 us 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.

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