NOW:53110:USA00949
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA00949
47°
H 71° L 46°
Rain | 25MPH

Prime Financial Credit Union Members Elect New Board For First Time Since 2008

June 10, 2011

Institution has strengthened since resuming independent operations; reports first net income since 2007

 

 

Prime Financial Credit Union today announced that members elected a new, seven-member Board of Directors at its annual meeting on June 8, marking the credit union’s first election since 2008. Additionally, Prime Financial announced a net income of $474,563 for 2010, the first time the institution reported a net income since 2007. President and Chief Executive Officer Christine Moczynski said the new Board and net income are signs the credit union continues to recover since resuming independent operations from the state in May 2010.

 

“We have worked hard – in partnership with our members, Board and employees – to improve Prime Financial’s overall position and performance, and we’ve accomplished quite a bit in a very short period of time,” Moczynski said. “To record our first net income in three years and have a member-elected Board in place are significant milestones. We are confident that Prime Financial can build on these successes as we continue to move forward.”

 

The new seven member Board includes:

 

· HB Staffileno (Chairman): Staffileno, a healthcare management consultant, has been a member of Prime Financial Credit Union since 2004.

 

· CHRISTINE TIMM (Vice Chairman): Timm dedicated 44 years to Prime Financial before retiring from the credit union in December 2008. She is a longtime member.

 

· ERIC MOORE (Secretary): Moore has been a member of the Milwaukee Police Department since 1980 and a member of the credit union for more than 27 years.

 

· RALPH DEVITO (Treasurer): DeVito, a retired Milwaukee Public Schools principal, has been a member of Prime Financial since 1980.

 

· DENNIS DEGRAVE: DeGrave, a certified mortgage consultant, recently celebrated his 18th year as a member of the credit union.

 

· RANDY PERRY: Perry, a special investigator in the healthcare field, has been a member of Prime Financial since 1995.

 

· SEAN SLOWEY: Slowey has been a member of the Milwaukee Fire Department for more than 30 years and has been a member of the credit union since 1984.

 

The new Board replaces a seven-person Board appointed by the state Department of Financial Institutions when it returned control of Prime Financial to its members after 15 months in conservatorship. The June 8 Board election was unique, Moczynski said, because members voted for all seven positions. Elections will be held at subsequent annual meetings as staggered terms become vacant, she said.

 

“Prime Financial has made significant progress, and we are pleased to continue this positive trend under the direction of our new Board and outstanding team,” Moczynski said. “It has been an honor for Prime Financial Credit Union to serve our devoted members and carry on our tradition of ‘people helping people’ for 88 years. We look forward to the future.”

 

Prime Financial is a state-chartered, federally insured credit union established in 1923. It was the first credit union chartered in Wisconsin and today is a full-service, $135 million credit union with more than 27,000 members. All deposits are ensured to $250,000 by the National Credit Union Administration, an agency of the federal government.

 

 

 

 

 

 

 

 

 

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Storms leave 3,600 without power, most in South Milwaukee 02:03 PM

» Froedtert Health Center considers new location in Greendale 5/28

» South Shore Cinema to feature lounge, pizzeria and leather recliners 5/28

» Good Samaritans help rescue woman in pond from I-43 crash Updated:  5/27

» Village of Greendale takes steps to acquire property for possible veterans memorial site 5/26

» Cedar Hills to celebrate fifth-grade artwork in annual Gallery Night 5/26

» Motorcyclist killed in Hales Corners crash 5/25

» YEA! Greendale student program seeks additional business partners 5/21

» Milwaukee County Historical Society to host Trimborn Heritage Weekend 5/20

» Local police assemble for seat belt enforcement 5/20

» Greendale Marching Band to be featured in Colder's commercial 5/20

» Department of Transportation to update local businesses about South 27th Street construction 5/19

» Oak Creek's historical society begins tour season on Memorial Day 5/18

» Oak Creek High School track now open to public Saturday mornings 5/18

» Company behind Franklin High School's new floor wins national awards for design 5/13

» Let us know about your Memorial Day event 5/13

» Initial Reaction Podcast: Massive overhaul of area conferences could be afoot 5/13

» Heart the City 5K/10K to raise awareness for area homeless 5/13

» Oak Creek Health Department to host anti-drug abuse presentation just for parents 5/12

» Winter's not through with us yet 5/12

» Caterpillar consolidating space, but no layoffs will result 5/11

» Root River Theatre Company presents "Speed-the-Plow" 5/11

» Wauwatosa woman reportedly thwarted in attempt to rob dog grooming shop 5/10

» South Milwaukee Police ask for help locating missing siblings 5/2

» Investigation: Family behind collapsed Falls building has a history of neglecting properties Updated:  5/1

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Local Business Directory

CONNECT