First Choice Financial Federal Credit Union Holds 49th Annual Meeting at Headquarters | News, Sports, Jobs
GLOVERSVILLE – First Choice Financial Federal Credit Union recently hosted its 49th Annual Meeting at the main office located at 355 Hales Mills Road, Gloversville.
Vincent La Porta, Chairman of the Board of Directors, welcomed those present and introduced the Board of Directors.
He noted that the board member position is a volunteer position with hours spent on committees.
He thanked the board of directors for their service and commitment to the credit union.
He pointed out that the credit union was resilient and had another successful year despite the challenges it faced.
LaPorta congratulated the loyal members, the committed management team, the hard-working staff and the dedicated board of directors for the continued success of the credit union.
He was hoping for a more festive annual meeting in 2022. He ended his report by wishing the public good health and safety in these difficult times.
Gail Ryan, chair of the oversight committee, explained that the credit union operates to meet the needs of members.
The supervisory committee oversees the general operation of the credit union to ensure its regularity.
In addition to the oversight committee review, an external audit was performed by FJP & Associates, Inc, and a National Credit Union Association (NCUA) review was performed.
The audit and review revealed that credit union books were in balance, procedures and operations complied with federal credit union regulations.
Audited financial statements have not been reproduced in the annual report to members. New committee members are welcome, and Ryan can be contacted at the credit union if anyone is interested.
Brenda Coon, President and CEO, began by introducing the staff of the credit union in attendance and sincerely thanked the board, management team and staff for the dedication and support she received in these difficult times.
Coon said, âAmid the challenges of 2020, we were determined to stick to our strategic plan. We delivered a new digital banking platform, a new website implementing ADD compliance with digital dexterity as well as cybersecurity defense solutions improving the protection of our members and the credit union. “
She continued to point out that with 2020 in the rearview mirror, they will focus on 2021, which seems to promise some stability, but is still shrouded in a lot of uncertainty and concern.
Despite this, the credit union will continuously evolve and offer products, services and distribution channels, which will make it easier and easier for members to access and manage their accounts.
That said, they are committed to improving technology, continuing to advance; therefore, providing a stable and convenient way to conduct electronic banking between navigation in the pandemic, the economy and the distant future. First Choice Financial Federal Credit Union remained stable and strong in 2020.
She concluded by thanking everyone for being part of First Choice Financial Federal Credit Union. She said, âThere is no First Choice Financial federal credit union without you!
LaPorta presented recognition awards to the following employees for their years of service: Lucille Fraser, 15 years of service; Bobbi-Jo Whitman, 15 years of service; Brenda Coon, 20 years of service; and Kim Hlozansky 20 years of service. Brenda Coon, Lucille Fraser and Allyssa Clemons were recognized for their perfect presence.
Melody Burton, Vice-Chair of the Board, presented a three-year nomination to the Board of Directors: Dan Richardson.
The motion was seconded and carried unanimously.