Annual Meeting

2016 Members Annual Meeting – Recap

2016 ProMedica Federal Credit Union (PFCU) Annual Meeting Draws Hundreds

Hundreds of ProMedica Federal Credit Union Members gathered in the Education Center Auditorium at ProMedica Toledo Hospital on August 16, for the 2016 Annual Meeting. Those in attendance enjoyed a fantastic selection of appetizers to fuel them through the meeting. PFCU Board President Vivien Townsend began by welcoming all Members, Board Members, Committee Members, and Employees and thanked them for everything they do for the Credit Union. Ms. Townsend then began the formal meeting by announcing board term expirations, an overview of the financial condition of the Credit Union and any old and new business that needed to be presented.

Then PFCU President/CEO Rick Haas enlightened the crowd of Members with a recap of 2015 and a lesson in global financial strategies centered on negative interest rates. Mr. Haas spoke extensively about income compression in the financial services industry with low interest rates attributing; adding that lending was a major part of the financial success of PFCU in 2015 with over 4 million dollars added to the loan portfolio. He sincerely thanked his staff for surpassing all lending goals in 2015 and acknowledged the Members in attendance for continuing to look to PFCU for their borrowing needs. Mr. Haas also highlighted PFCU’s very powerful mobile application.

The meeting took on a baseball theme as employees of PFCU began throwing t-shirts into the crowd followed by the raffle prize drawings. Members walked away with gift cards, Costco memberships, movie tickets and one lucky Member took home the grand prize an iPad mini. Thanks to everyone who attended.

Check out our facebook page to see more photos from the event.