The 80th Annual Meeting of Tri-Point Federal Credit Union was held on
Friday 5, June, 2015, in the office of Tri-Point FCU at 11 Stanwix Street in Downtown Pittsburgh. Members who attended the meeting received reports on the financial condition and safety and soundness of the Credit Union.
Mr. George Kenhart presented the Treasurerís and Presidentís Report, in
which he spoke of the financial condition of the credit union. He explained to the members present the reasons for the operating loss of $24,848 in 2014.
He also spoke about the fact that as in the past few years, as in the past few years, we have struggled to reach profitability and maintain the kind of products and services we feel our members deserve. It has become more apparent that the only way to keep offering our members a first class financial institution is through a merger with a larger and stronger credit union. We are currently working very strongly with a local credit union as a merger candidate. We hope to maintain our current location as a branch office and have an announcement made to the membership within the coming months and have a merger in place by the end of the 1st quarter 2016. The membership will have a vote on the proposed merger and we encourage everyone to vote for itsí approval.
Elected to serve a two-year term on the Board of Directors were
Lawrence A Franck, Frank J Guarnaccio, Stephanie L DeFeo and George K Kenhart. Marcy Ashley was again named Chairman of the Board at the reorganization meeting that followed. Everyone attending enjoyed a light lunch afterward.
Anyone wishing to receive a copy of the 2014 Financial Report Booklet
presented at the Annual Meeting may call or write the Credit Union office.