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Press Release April 26, 2012


Michelle R. Rosner

Jim Combs Re-elected as Chairman of the Board for
1st Financial Federal Credit Union

April 26, 2012 - 1st Financial Federal Credit Union, located in Wentzville, St. Charles, Hazelwood, and downtown St. Louis, Missouri hosted its 2012 Annual Meeting on April 24th, 2012 and re-elected Jim Combs as Chairman of the Board for the financial cooperative. In addition, James A. "Bo" Setzekorn was appointed at 1st Vice Chairman, Thomas H. (Tom) McDuffey as 2nd Vice Chairman, and Paul Sikorski as Secretary/Treasurer.

Combs, who holds a Bachelor degree in Business from the Lindenwood University (LU), as well as a Masters in Human Resources from LU, was re-elected for the role of Chairman after one year as the Board Chairman and three years serving as the head of the supervisory committee for 1st Financial Federal Credit Union. During his tenure as Chairman, the credit union witnessed organic growth and a return to profitability."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.

"The credit union and the membership are fortunate to have volunteer leaders 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 which puts people before profits.  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 $220 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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