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
61°
H 64° L 57°
Foggy | 3MPH

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

» Get interesting prep football tidbits and insights with 'First and Short' blog 8/28

» Franklin football team emphatic in 37-0 rout of area rival Greendale 8/27

» Updated weekly rankings of area prep football teams and players 8/27

» Greendale Education Foundation announces new calendar raffle fundraiser 8/27

» Greendale's Park and Recreation holds contest for new logo 8/27

» Reiman Chapel in Franklin to host blessing, tour for public 8/26

» Young Oak Creek football team makes impression with rout of Falls 8/25

» Greendale police searching for strong-arm robbery suspect 8/25

» Greendale man killed in Washington County crash Updated:  8/25

» Oak Creek man killed in Sauk County traffic accident 8/25

» Oak Creek tennis team wins South Milwaukee Invite 8/25

» Oak Creek community buries time capsule at future city hall 8/25

» Initial Reaction Podcast: What stood out on the first week of high-school football? 8/25

» Oak Creek-Franklin School Board receives voter approval to add two more seats 8/24

» Oak Creek-Franklin School District approves preliminary budget, calls for tax rate increase 8/24

» Tickets now available for Oak Creek's Pig and Chicken Roast 8/24

» Franklin shows its special qualities 8/21

» Youthful Oak Creek football team impresses in 26-0 win over Falls 8/21

» Honeywell volunteers help repair Greendale veteran's home 8/21

» Fire destroys garage in Franklin 8/21

» Greendale residents can receive free 'File of Life' documents from Health Department 8/20

» The 2015 Suburban Milwaukee Prep Football Guide 8/19

» Greendale to share fire ladder truck with Hales Corners during emergencies 8/19

» Get to know: Franklin Sabers 8/18

» Ad-Tech Medical implant maker seeks new plant in Oak Creek business park Updated:  8/18

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Local Business Directory

CONNECT    

Advertisement