Congratulations on 30 years, Linda: 73rd Annual Meeting recap
On Thursday, April 29, we held our second all-virtual Annual Meeting for credit union members.
Congratulations on 30 years of service
Linda Allen recently celebrated 30 years working for Arsenal Credit Union, including the past 27 as president and chief executive officer, and received special recognition during our annual meeting.
Before being promoted to the top position in April 1994, Linda worked in our accounting department, and prior to that spent time working at three other local credit unions. Overall, she has been in the credit union industry for 38 years, and she has been with us longer than any other current employee.
Linda has led the credit union to great heights in a very competitive financial market. During her tenure, our assets have grown by $284 million, or 668 percent, and total membership has more than doubled. Under her leadership and direction, we have launched many new products, services and programs, expanded our field of membership, opened new branches and renovated existing ones, relocated our headquarters to Arnold, and completed a core data processing conversion.
In addition, the credit union has earned numerous awards at the local, state and national levels in recognition of our social responsibility and financial education efforts and extraordinary commitment to the “people helping people” philosophy.
While thirty years is a long time, for obvious reasons, 2020 was one of her most challenging. A plan for how to deal with a pandemic simply did not exist in the beginning of 2020.
Linda, you’ve helped us anticipate and better meet the needs of our members, and you’ve made a difference in the lives of so many people. We congratulate and thank you for your service to Arsenal and wish you many more years of success leading the credit union.
During the meeting, three Arsenal members were elected into office by acclamation: Keith Emery and Juanita Novotny for the board of directors and Chuck Thilman for the supervisory committee. All were incumbents.
- Keith Emery has been a board director since 2009. He began volunteering at the credit union in 2008 as a member of the supervisory committee. Over the past 12 years he has volunteered in many capacities at Arsenal, including board secretary for three years and board vice chairman for three years.
- Junaita Novotny will be serving her third full term on the credit union’s board of directors. She was first appointed to a position in August 2014. Besides serving on the board at Arsenal, Ms. Novotny is as an advisor to the credit union’s supervisory committee. For the past two years she has served as treasurer on the executive committee.
- Chuck Thilman is a U.S. Air Force (USAF) veteran who has 40 years of experience in IT and communications. For the past two-and-a-half years, he has served on the credit union’s supervisory committee, the first five months as an associate member and the remainder as an elected official.
After the meeting, Gary Dierks was re-elected board chairman; Bob Killion, board vice chairman; Keith Emery, board secretary; and Juanita Novotny, board treasurer.
Presenting the reports
During the meeting, we shared various video presentations of the reports, highlighting financials and other accomplishments from 2020. Three of our leaders presented the reports.
Board Chairman’s Report
Presented by Gary Dierks
President and CEO Report
Presented by Linda Allen
Supervisory Committee Report
Presented by Bob Killion
Meet our scholarship winners
This year at our annual meeting, we awarded $5,400 to four area high school seniors who will be pursuing a higher education this fall. Since 1997, we’ve now awarded a total of $94,150 to 97 students who’ve shown excellence in academics, a strong commitment to their communities and outstanding overall character. Meet our 2021 class of scholarship winners in the video below.
Thank you for attending
This year, we had a record number of our members attend the meeting. Thank you for everyone who was able to take the time to learn more about the major milestones and events that happened in 2020. If you could not attend, thank you so much for checking out this blog post and watching the videos made available.