Richland Federal Credit Union (RFCU) held its 84th annual business meeting Tuesday, April 16, at the St. Matthew’s Center, Sidney. Members heard reports from President Beth Redlin and staff members Korey Hagan (CEO), Sharon Roth (operations and accounting manager) and Corliss Nelson (vice president of lending).
Among the topics highlighted was the $300,000 bonus dividend for 2023 distributed in March of this year. It was noted that as the only locally owned and governed financial institution, this money stays and is reinvested in our field of membership communities. Also highlighted were new products and services continuously being developed for members and the beginning of a time of transition, reinvestment, and change for RFCU.
Recognized was retired board director and vice president Toby Panasuk. New leaders welcomed were Jessica Chamberlin (supervisory committee) and Kagney Petersen (board director). After serving out his brief appointed term, Petersen was unanimously re-elected to a new term.
After earning a masters in taxation, Petersen applied that knowledge to corporate organizations in Washington, D.C. and Denver. In 2014, he returned to Sidney with his wife, Brittney, (health director-Richland County Health Department) and their three children to continue the family farm legacy. Petersen is also lending his knowledge and experience wherever he can in his hometown, including a new seasonal tax accountant position with CHMS.
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