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PCFCU 18TH ANNUAL MEETING WAS HELD VIRTUALLY via ZOOM

 FEBRUARY 8, 2021. 6:00 pm

 STAFF

Tonya Placzek – Manager

Patty Anderjaska – Operations Officer

 BOARD OF DIRECTORS

Margaret Pollmann –Chairman

Alan Baxter – Vice Chairman

Billy Smith – Chief Financial Officer

Derek Poe – Secretary

Amey Jutten

Andrew Ward

Bud Damon

SUPERVISORY COMMITTEE

Amey Jutten         Beth Smith

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Meeting Agenda & Election Results

Call Meeting to Order – Margaret Pollmann

Determine Quorum – Patty Anderjaska

Roll Call of Board of Directors – Derek Poe

Minutes of the 2020 meeting

Financial Report

Unfinished Business – Margaret Pollmann

New Business – Margaret Pollmann

Election Results – Margaret Pollmann

Adjournment

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The PCFCU annual meeting was held February 13, 2020 with welcome from Manager Tonya Placzek. Tonya offered prayer, followed by the Pledge of Allegiance.

The meal was catered by the Holy Family Altar Society. The meeting was called to order at 7:00 by Chairman Margaret Pollmann, Patty Anderjaska declared a quorum with 80 members present and there were 3 guests.

Roll call of the Board of Directors present:   Pollmann, Madden, Smith, Baxter, Jutten, Poe.

Moved by Baxter to suspend the reading of the 2019 annual meeting minutes as they were printed in the program, second by Smith, motion carried.

Unfinished business none.

New business none.

Election results, announced candidates for three year term are: Pollmann and Poe, for a two year term-Ward. Pollmann asked for nominations from the floor with no nominations from the floor Baxter moved to accept by acclamation Pollmann and Poe, to serve the three year term, for Ward to serve two year term, second by Smith, motion carried. No further business Terri Wilson moved to adjourn, second by Gary Hanken, motion carried. Meeting adjourned at 7:10 pm

Alan Baxter – Secretary

CHAIRMAN REPORT

So long 2020! A trying year on many levels to say the least! It is with hope and optimism that I approach 2021. Your credit union continues to be strong and will continue to be so due to your loyalty and the hard work of dedicated staff, directors and volunteers. Membership is key to the growth of a credit union and this year I challenge you as members to spread the word about ours. Tell your non-member family, friends and acquaintances about PCFCU and encourage them to contact Tonya, Patty or any board member about the complete line of services offered. On behalf of the Board, I thank you for your loyalty and we look forward to serving you in 2021 and beyond.

God Bless America

Margaret Pollmann

FINANCIAL REPORT

                                    2019                           2020

MEMBERS              737                              734

ASSETS                 $5,058,498.07       $5,025,797.23

TOTAL LOANS          397                                 399

NEW LOANS              168                               161

LOAN $             $2,912,117.89             $1,681,736.50

 

TOTAL                 $4,564,381.59             $4,518,748.56

DEPOSITS

NET WORTH               9.64%                       9.96%

Submitted by : Billy C Smith

Chief Financial Officer

MANAGERS REPORT

Pioneer Community Federal Credit Union would like to thank all of our members for their support in making 2020 another successful year.

2020 proved to be an unforgettable year for all of us, in our personal lives, financial situations, and employment.   We at the credit union try to put the safety of our members and employees first while still conducting business at the credit union office. We continue to be diligent in the effort for safety for everyone and hope that 2021 will begin to get back to a “new normal”.

PCFCU reported assets totaling $5,025,797,23 and a net worth of 9.96% for 12/31/2020. We continue to be competitive with our loans and member shares. Our delinquency rate is low and we continue to work with our members to keep this manageable.  

We continue to have more members sign up for our Mobile Banking. The usage is increasing and our members are enjoying this feature. So please ask us about it!!

You as members are the voice of PCFCU. If you ever have any ideas or concerns, please contact the staff or Board of Directors. Your input is important to us.

We are in our 19th year at Pioneer Community Federal Credit union and excited to see what 2021 brings!!

Pioneer Community Federal Credit Union

Not for Profit, Not for Charity, But for Service

Respectfully

Tonya Placzek, Manager

Meet the Candidates

Amey Jutten has enjoyed serving on PCFCU’s Supervisory Committee since its start 19 years ago and was appointed to the Board of Directors in 2014. She worked several years in banking in Colorado before moving to Nebraska and brought that experience and knowledge with her to better serve the credit union.

She is involved in many church ministries teaching children’s church and Sunday school and serving on the Worship Music Team. Amey is also involved with MOPS and volunteers at school wherever she is needed along with attending her children’s many activities.

Her greatest love is serving her family. Her and husband John are the parents to four children and grandparents to one. She is a work at home mom helping with the cattle and the bookkeeping.

Amey says “I have learned a great deal about the ever changing credit union world and I have enjoyed every bit of it. I would love to continue to serve this amazing community and to help our credit union grow.”

 

Bud Damon says “A little bit about me. I was a Coloradoian until I escaped to Palisade a little over three years ago.

To start with, I am a leather crafter. I started tooling leather in 4-H when I was about nine years old and have continued to enjoy creating things out of leather. I worked for Tandy Leather in high school and college, and then became a deputy sheriff for Jefferson Co. Colorado. Then on to Aurora Police Dept. in Colorado where I served on the Board for the Denver and Aurora Police Federal Credit Union.

I then taught woodshop to high school and jr. high students for several years and then taught Criminal Justice to high school and college students. Now retired in Paradise and bought a house. I kidnapped Elle at the beginning of Covid and brought her up here. She hasn’t left! I bought another house and Elle bought a dog (Sam). Now neither of them have left. J I love being in Palisade and look forward to serving you as a new member of the Credit Union. Thank you for the opportunity.”

 

Billy C Smith was born and raised in Palisade and graduated from Palisade High School in 1951. He entered the US Coast Guard in 1952 spending 24 years and retired in 1975 as a Master Chief Petty Officer. He is the owner of Smith Sales and Service since 1975.

Billy has been active in the community serving the Palisade Community Foundation, Palisade Housing Board, Palisade Fire Department and Ambulance and Palisade Tree Board. He has been an active member of the Veterans of Foreign Wars and served on many local, state and national committees over the last 33 years. Currently he serves on the Governors Veterans Advisory Board. Billy has also been involved in American Legion, Am Vets, Coast Guard Chief Petty Officers Association, Coast Guard Combat Association, Navy Fleet Reserve, and Military Order of the Cooties, Masonic Lodge 276 of McCook and the Palisade Methodist Church.

He and his wife Beth have seven children, 25 grandchildren and 23 great grandchildren.

SUPERVISORY COMMITTEE 18th Annual Report

The Supervisory Committee is responsible for ensuring that credit union policies, procedures and internal controls are adequately designed to protect members’ assets against fraud and conflict of interest. This is a federal requirement, and we report our compliance to the National Credit Union Administration (NCUA).

We are also responsible for handling all member complaints, conducting random audits as needed, and keeping our board of directors informed of our activities.

Periodically, you may receive notices with your statement asking you to verify information on your account. If there are ever any discrepancies noted, or you have concerns, please contact the Supervisory Committee so we can research the discrepancy and follow up.

In addition to the audit we perform, your credit union also receives an examination by the NCUA, the insurer and regulator. This examination also enhances the safety and soundness of the credit union.

The Supervisory Committee will continue to monitor and assist the Credit Union throughout the year to ensure that the PCFCU remains strong and efficient.

Amey Jutten

Josie Lytle

Beth Smith

Supervisory Committee Members

 

WINTER LOAN SPECIAL

3.99% APY WITH APPROVED CREDIT

RATES SUBJECT TO CHANGE AT ANY TIME

APPLY ONLINE  www.pioneercreditunion.net

   $50 LOAN FEE………$5000 MINIMUM….SECURED LOANS ONLY

       AVAILABLE 1-11-21 THRU 3-8-21

This credit union is federally insured by NCUA.

EFFECTIVE APRIL 1ST, 2021…….PCFCU Loan Origination Fee will be $60.

 

REGARDING COVID 19

NOTICE

PCFCU LOBBY IS NOW OPEN TO FOOT TRAFFIC

LIMITED TO 2 CUSTOMERS AT A TIME

WE APPRECIATE YOUR BUSINESS AND PATIENCE

ALSO AVAILABLE –  NIGHT DEPOSIT DROP OR CALL 308-285-3679

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THINKING OF MOVING YOUR PIGGY BANK?

Open a checking account and we’ll buy your first 50 checks

MAKE A CHANGE TO

PIONEER COMMUNITY FEDERAL CREDIT UNION

102 SOUTH MAIN STREET,   PALISADE NE     308-285-3679

www.pioneercreditunion.net

 At our credit union, you’re not just a number, you’re a member. You will find personal service, usually higher return on savings and lower  interest rates on loans.

 

Chartered in Hayes and Hitchcock County, so if you live in Hayes or Hitchcock County…you can be a member.

PCFCU is federally insured by the National Credit Union Administration

 

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