PCM goes old school against a new threat
To support members during a time of economic upheaval, the Green Bay credit union is not penalizing early withdrawal from savings accounts and is offering deferrals on installment loans. It’s offering plenty of modern comforts, too.
PCM Credit Union($269.3M, Green Bay, WI) is banking on 100 years of credit union history to do its best for its tight-knit membership during the COVID-19 pandemic.
Founded in 1958 as Paper Machine Converting Company Credit Union, PCM has added only a handful of SEGs to its original field, maintaining a common bond focus that its president of more than 30 years says has served it and its members well.
“We’ve never been about growth,” Dan Wollin says. “We’ve always been about service. That’s as important now as ever.”
PCM has taken a number of steps to respond to the pandemic. It has sent staffers home to work and closed the lobbies of its two full-service branches while maintaining drive-thru service. It also has temporarily shuttered its third branch located inside a SEG’s facility.
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