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St. Helens Community FCU Welcomes New Board Members

Board chairman affirms strategic direction of credit union

ST. HELENS, OR (June 26, 2013) St. Helens Community Federal Credit Union (SHCU) last night held its annual members’ meeting during which members elected two new board members, Steven Correll and Seth Holmes.  Following the annual meeting, SHCU’s board of directors appointed vice chairman Tom Tussing to serve as board chairman.

Tussing, who assumes duties immediately, thanked outgoing chairman Lea Chitwood for her service and affirmed the board’s commitment to the credit union’s current direction.

“Thanks in no small part to Lea’s leadership, the credit union has made outstanding progress over the last year.  We’ve implemented a new governance model, improved our safety and soundness, and have cast a vision for continued success,” said Tussing.  “The board remains unified and committed to the strategic direction of the credit union, and we look forward to working with Steven and Seth in the months ahead.”

SHCU’s assets grew from $159 million to $161 million and net income increased by $300,000 between December 2011 and the end of 2012. Last month, the credit union surpassed $170 million in assets for the first time in its 75-year history. Membership has also peaked to its highest level, approaching 16,000.

“It’s been a privilege working with Lea and our board over the last year to simplify, stabilize and strengthen the credit union as a whole,” said SHCU President and CEO Brooke Van Vleet. “I have full confidence that our board will continue to act in the best interest of our entire membership under Tom’s able leadership.”

About St. Helens Community Federal Credit Union
St. Helens Community Federal Credit Union (SHCU) is a not-for-profit, member-owned financial cooperative serving residents in Columbia County and Sauvie Island, Oregon since 1938. Additional information about SHCU is available at www.shcu.org.

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