On Tuesday, April 22, 1st Financial Federal Credit Union's members assembled to elect two board members at the 46th annual meeting in Wentzville.
Attendees had a chance to visit with FredBird, the St. Louis Cardinals' mascot and eat a complimentary meal. Jim Combs, chairperson of the Board of Directors, held a vote for the two open board seats. James Setzekorn and Gina Hackeneworth were elected by acclamation.
James A. “Bo” Setzekorn has been a member of 1st Financial for the past 30 years. He has been a board member for the last four years. Setzekorn has a Bachelor’s of Science in Finance from UMSL. He has worked with Boeing for 33 years.
Gina Hackeneworth has been a member of the credit union for more than three years. An employee of Laclede Gas, Hackeneworth previously served as a member of the Supervisory Committee and was appointed to fill the remaining term of a retiring board member in December, 2013.
The Board of Directors and Supervisory Committee are populated entirely by volunteers who offer up their passion and talent for this institution. These members are charged with forming policies for the credit union and ensuring that 1st Financial continues to work towards its core purpose of “helping people achieve their financial dreams.”
“Our board members are amazing people,” says Michelle Rosner, vice president of Sales and Marketing at 1st Financial. “We have had the opportunity to work with them for a while and their zeal for helping people inspires me daily.”
She described the board as the guiding light that helps decide the direction of 1st Financial.
"The great thing about having a board comprised entirely of volunteers is the personal investment they make in shaping the future of the credit union,” says Rosner.
Being democratically controlled by a volunteer group of members is one of many differentiators between traditional banks and credit unions. These volunteers are voted into office by fellow members, allowing for every member to have a voice and equal opportunity for participation in setting policies and making decisions.