PATHFINDER - Parsons Federal Credit Union
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April 2020
PATHFINDER
Uniquely par tnering to make life’s
journey easier.
SAVE THE DATE! SEE MORE INSIDE
ANNUAL MEETING 2020 PAGE
Our Annual Meeting is just around the corner!
The Parsons Federal Credit Union Board
of Directors, Supervisory Committee, and
Student Loan
Refinancing FAQ 02
Executive Management Team will be reporting
on accomplishments in 2019, as well as plans for
Employee PAGE
the future. We will also be announcing the results
03
Spotlight:
of our Board of Directors election. Online voting Kathie Cordova,
for the election is open until April 11th and can be VP Of Business
accessed from our website. We hope you’ll be able Development
to participate as a member-owner by making your
voice heard.
PAGE
04
If you are located in Pasadena, CA, you can join us on Thursday, April 16 at the
CPS Room in Parsons Tower. For more details on the event, you can visit our
President/CEO
website and go to About Us > Annual Report & Meeting or email Amy Ojeda at
Letter
amy@parsonsfcu.com.
2 | Parsons Federal Credit Union
EMPLOYEE SPOTLIGHT: KATHIE CORDOVA,
VP OF BUSINESS DEVELOPMENT
With 2020 being continuing our mission of people helping people. I will
Parsons FCU’s also continue creating awareness of our phenomenal
products and services, including the launch of our new
45th birthday,
student loan and refinancing programs.
we want to
highlight some What have been some of the biggest changes
of the employees in the last 20 years?
Over the last 20 years, the credit union movement
who have made
has strengthened tremendously. Parsons FCU has also
a difference in our strengthened with vibrant growth, new technologies, and
members’ lives. accessibility, such as our new Online Banking and Mobile
apps. I am privileged to be part of an organization that
Since she started as a Member Services Representative partners with members to make their life’s journey easier.
20 years ago, Kathie Cordova has been an integral part
in helping members join the credit union. Now, as our What is your favorite part of the day?
VP of Business Development, Kathie travels across the Mornings. I’m an early riser. Starting my workday bright
country to show new members the Parsons Federal Credit and early with a strong cup of coffee allows me to focus
Union difference. on new goals and challenges. I look forward to making
a difference in someone’s life by helping them achieve
What are you looking forward to in 2020 for Parsons FCU? financial success.
2020 will be an exciting year for the credit union with
the expansion into our East Coast branch at Parsons’ Do you have a mantra that you follow?
new Centreville headquarters. I am looking forward to Do good things well.
Parsons Federal Credit Union | 3
PRESIDENT/CEO LETTER
We recently returned from Washington, is maintained and our members continue to benefit from being
D.C. where over 5,500 credit union owners of Parsons FCU.
employees and board members
Our expansion to the East Coast is in full swing. Our new branch
gathered for the annual Governmental
in Centreville, VA is currently in development and we are in the
Affairs Conference. We met with
process of looking for candidates to fill positions in this office.
state representatives and their staff
Our VP of Business Development, Kathie Cordova and I will be
to advocate for important legislative
working in Centreville to foster this new area and maximize our
issues which will protect credit unions.
ability to serve Parsons Corporation employees and their families
A critical issue discussed was credit
on the East Coast. Branch operations and administrative support
unions’ tax status. Banks continue to provide misinformation
areas will continue to operate in Pasadena. We appreciate Parsons
to Congress as a way to eliminate the tax-exempt status we
Corporation’s continued support and look forward to this journey.
currently hold. As you may be aware, credit unions are financial
cooperatives that are member-owned; based on that structure, I wish you a great spring. Thank you for being member-owners.
we are exempt from corporate taxation under the Federal Credit
Union Act. This allows us to give back to our member-owners in
the form of higher dividends, lower fees and lower loan rates. Our Ray Crouse
state representatives continue to support our exemption status, Ray Crouse
which has been in place for over 100 years. However, we remain President/CEO
diligent on this issue to ensure our financial cooperative status Parsons Federal Credit Union
Published quarterly by Your savings are insured up to For questions or comments about
Parsons Federal Credit Union $500,000 through a combination this newsletter, please contact
100 West Walnut Street of federal insurance by the National marketing@parsonsfcu.com
Pasadena, CA 91124 Credit Union Administration, 626.440.7000 • 800.765.4527
a U.S. government agency, and
Mailing address private insurance by American www.parsonsfcu.org
P.O. Box 90667 Share Insurance.
Pasadena, CA 91109-0667
1 4| | STANDARDS
Parsons Federal OF ETHICAL
Credit Union CONDUCT
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