CREDIT UNION GOVERNANCE The Erie FCU Board of Directors is responsible for the general direction and control of the credit union. Effective governance by our board of directors is instrumental to the success of our credit union. Directors are volunteers who must be committed to the credit union mission and understand the laws and regulations that govern it. Additionally, our Board of Directors appoint volunteers to serve on the Supervisory Committee. The primary responsibility of this volunteer committee is to serve as a means of checks and balances for the Credit Union. The Board of Directors also oversees the Associate Board Committee, whose purpose is to attract, train and educate members who are interested in filling future openings on the Board or Supervisory Committee. The program will afford potential candidates the opportunity to experience the duties and responsibilities associated with these positions. Members in good standing, at least 18 years of age, may apply to the program. Any Erie FCU member interested in learning more about the program and the application process can contact the Associate Board Committee at 814-825-2436, Opt 1, Ext 1037.
LOOKING AHEAD TO 2019 AND BEYOND Early in 2019, Erie FCU expects to pass the $500 million asset threshold, which is a significant milestone. The credit union will also recognize its 60,000th member! As we grow and serve even more members, we will continue to provide superior financial value, in the form of marketleading savings returns, lower loan rates and few, low fees. We’re proud to provide our members with 5-Star Service and a simple, personalized banking experience. In addition to these exemplary accomplishments, Erie FCU will continue to invest in our current and future members through state of the art technology and enhancements to our branches/systems. Your involvement in the credit union that you own, made 2018 a high point in Erie FCU’s history. Erie FCU remains committed to find new ways to invest in YOU!
At Erie FCU, we understand the importance of owning your own home and establishing your roots Erie FCU offers a first-time home-buyer grant program funded by FHLBank Pittsburgh. Through First Front Door (FFD), if ones qualifies, Erie FCU will match their contribution 3-to-1. For every $1 one contributes, they can receive $3 in grant assistance, up to a maximum of $5,000. Pictured with Lindsey Shatto, Glenwood Office Assistant Branch Manager is first-time home buyer/member, Amy Miller.
Amy Miller, who qualified for the program, had been waiting a long time and was excited about the opportunity to purchase her own home. Ms. Miller stated, “I heard about the program through the St. Martin Center and they referred me to Erie FCU to learn more.” She was thankful for the financial assistance the grant provided which Lindsey Shatto motivated her to pursue her dream in earnest. Ms. Miller said that the team at Erie FCU was excellent and made the home-buying process easy to understand. She went on to say that she learned so much about it (the process) that she was able to thoroughly explain it to others... She has since encouraged a friend to look into the First Front Door program.
“We are very proud to work with local realtors, nonprofits and the Federal Home Loan Bank of Pittsburgh to help make homeownership dreams a reality for our members”, said Erie FCU Chief Lending Officer, Denise Kaczmarek. For more information, visit www.eriefcu.org/special-offers/first-front-door-homebuyer-grant-program 5
2018 Erie FCU Annual Report