PSECU Elects New Board Of Directors

First Virtual Annual Meeting In Credit Union's History

Keith Griffin

July 29, 2020

PSECU Board Photo

PSECU, Pennsylvania’s anytime, anywhere digital credit union, held its 87th Annual Meeting virtually. During a board of directors meeting following the annual meeting, the board elected a new slate of 2020 board officers:

  • Chair – Michael C. Ferster
  • Vice Chair - Shawn W. Weis
  • Treasurer – Timothy D. Grunstra
  • Secretary/Assistant Treasurer – Matthew B. Wagoner

“The PSECU board of directors and its new officers look forward to effectively governing the credit union for the continued benefit of our more than 450,000 member-owners and the communities that we serve,” saidPSECU’s new board chair Mike Ferster.

The PSECU Board of Directors is committed to ensuring corporate governance that positively affects stewardship, corporate values, and strategic vision. PSECU’s corporate governance program consists of five key elements: strong ethics, accountability, communication, risk management, and strategic visioning.

While the credit union typically holds its annual meeting earlier in the year, in an effort to help keep employees, members, and the community safe from potential COVID-19 spread and exposure, the meeting was postponed until July 6. For the same reason, the meeting was held by teleconference rather than in person at the credit union's Harrisburg-based headquarters facility.

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