PCMCU is Building Optimism, Belief and a Renewed Energy in 2011

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PCM Credit Union’s fantastic 2010 financial results + new state-of-the-art facility coming soon to members, made PCMCU’s Annual Meeting an exciting start to 2011

"Our new branding campaign 'People Caring More' will allow us to accurately tell the story of PCM Credit Union."

February 28, 2011 (Vocus/PRWEB) March 03, 2011 -- At PCM Credit Union’s 53rd Annual Meeting, Chairperson Jim Zittlow shared with members, staff and guests, the financial results of an outstanding 2010. It was a fantastic year for PCMCU’s 7,713 members.

Some of the notable financial highlights for PCM Credit Union included increasing before rebate net income by 45% to over $2M, growing assets over $10.5M, and increasing reserves by over $1.5M. Loan balances, delinquencies, loan loss expenses, and reserves to assets all improved from their very strong levels.

“Financial performance like this is the reason we could offer the financial highlight we are most proud of… a member rebate of $533,822 given back to the member/owners of PCM Credit Union,” Zittlow states.

This Annual Meeting was also a great opportunity for PCMCU to announce to the membership the results of a recent branding study the credit union conducted. Since the beginning, PCM Employees Credit Union, originally formed by a select group of employees of Paper Converting Machine Company, has been a closed chartered credit union providing the highest level in financial products and services to its members. That hasn’t changed. However, “Our new branding campaign ‘People Caring More’, associated with our PCM name, will allow us to accurately tell our story as we move into the future,” explains Dan Wollin, PCMCU President.

Mr. Wollin also stated that the new credit union building project is progressing nicely, with an estimated completion for mid July 2011. “Its resourceful layout and state-of-the-art technology will allow for members to Learn, Relax and Enjoy all that PCMCU has to offer. In this day and age, people move along at a fast pace. PCMCU is proud to be able to offer the latest in high speed technology with Virtual Branch and Mobile Money, although with the opening of this new facility we also invite the members to come in, relax, and slow down a bit too,” comments Wollin.

During this meeting members of the credit union elected two candidates to the Board of Directors. Marlis Klimek and Jerry Kuschel were re-elected to serve three year terms. The Directors for 2011-2012 are:

  •     Jim Zittlow, Chair
  •     Marlis Klimek, Vice Chair
  •     Jerry Kuschel, Secretary
  •     Rhonda Richards, Treasurer
  •     Larry Frazier, Director
  •     Ron Frosch, Director
  •     Tim Lade, Director

In conclusion Dan Wollin thanked the Board and Staff for their hard work, dedication, and contributions to a successful 2010. He also took the opportunity to thank the membership for their continued partnership. Wollin added, “Together we can build a renewed energy, optimism and belief that 2011 will be a great year.”

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Dan Wollin
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