Free Press / Lisa Adkison
Members enjoy lunch at the annual PTCCU meeting.
As of Tuesday, February 14, 2017
GRANGEVILLE Fun, visiting, food and business were all part of Pine Tree Community Credit Union’s annual meeting held Saturday, Jan. 28.
PTCCU is celebrating its 61st anniversary since its inception in 1956 by 14 Grangeville employees of P.L (Prairie Land) & H.P (Haener Planer) Company.
Dave Bodine (PTCCU Board chairman) welcomed the members to the meeting held at the senior center. Nominating committee chair Janis Lance presented board candidates for election. Re-elected to serve her third two-year term was incumbent director Melanie Hawkins. Two new first term directors, Beth Keeler and Abbie Hudson, were both elected, replacing outgoing board members Bob Mangold and Joe Cladouhos whose terms have expired. Joining the women on the board are Dave Bodine (chairman), Rachel Young (vice-chairman) and Lance (secretary-treasurer). Bodine recognized former directors in attendance: Joe Bednorz, Bruce Wayenberg and Lawrence Wassmuth, for their past service. Wassmuth was also recognized for his longevity having served on the board a total of 31 years before retiring.
Lance announced in her annual report that assets increased from last year (1.1 million, up almost 3 percent from 2015), deposits increased (up 822 thousand from 2015) and loans increased (3.6 million, up 14 percent from 2015). The income contribution to member equity was $253,191. Lance reported PTCCU originated more than $12 million dollars in new loan originations and paid more than $253,275 in dividends to members during 2016.
“This solid financial growth allows Pine Tree Community Credit Union to continue bringing value to our members in 2017 and beyond,” said Lance.
CEO Dan Goehring noted in his report, “Pine Tree Community Credit Union’s 61st anniversary is a momentous milestone, and an amazing achievement for the credit union.”
Goehring credited the members both new and existing for their support enabling PTCCU to expand its product and service offerings. He indicated PTCCU remained committed to the community during 2016 with contributions totaling more than $8,000 to local events such as the Idaho County Fair, Border Days, co-sponsoring the Raspberry Festival in Cottonwood and awarding a scholarship to a local high school graduate. In addition, they conducted separate fund-raising drives for the food bank of both Grangeville and Riggins and the Children’s Miracle Network.
The supervisory report was submitted by co-chairmen Donna Forsman and Carol Kinzer. The committee’s report reflected on PTCCU annual operations audit, the Idaho Dept. of Finance audit and the member account verification, all having excellent results, the duo reported.
Bodine thanked all the members, staff, board and supervisory committee for their strong support of PTCCU during the past year. He also wanted to recognize the senior center and the kitchen staff for an excellent lunch.
“PTCCU’s net worth ratio of 10.65 percent reflects stability,” he said as he readied to adjourn the meeting. “We continue to be very financially strong and continue to be rated ‘well capitalized’ by NCUA.” He said all deposits are NCUA federally insured up to a minimum of $250,000 and are backed by the full faith and credit of the United States government.