Common Trust Federal Credit Union held its 53rd Annual Meeting of the Membership on July 29, 2020, via an audio conference call. Chairman of the Board, Kathleen Connolly, and President/CEO James M. McCorkle presented the 2019 Annual Reports to the virtual attendees, embracing Common Trust Federal Credit Union’s legacy and focusing on the strategic plans for the future of the credit union. Chairman Connolly and Mr. McCorkle discussed Common Trust’s name and charter change and the investment in new technologies while offering competitive loan and deposit rates, strengthening its ties to the communities served by Common Trust. Looking ahead, Chairman Connolly and Mr. McCorkle referred to the changing environment we are in, and the commitment Common Trust has made and will continue to make to support the needs of our community.
“Our continued compassion and support for the needs of our employees and the community is what drives our institution,” stated President/CEO James McCorkle. “While few of us know what the rest of 2020 will bring, there is no doubt in my mind that Common Trust’s Credit Union’s dedication to our employees and members, and a commitment to the communities we serve will carry us into the future.”
Chairman Connolly concluded the meeting by announcing the election results for the Board of Directors, Harrison Condon, Kathleen Connolly and new board member Edward Maguire were all elected to serve three year terms while Joan Sweeney was elected to serve a one year term.
The Annual Report is available for download below:
The Statement of Financial Condition is available for download below:
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