First Federal of Greene County focused on the future Association concluded its first century of service in 2024
WAYNESBURG, PA – During its annual meeting of members Jan. 22, First Federal Savings and Loan Association of Greene County formally concluded its year-long celebration of its 100th anniversary and turned its attention toward the next century of service.
“Our work family enjoyed a very special year together, and I would like to thank everyone involved in making this year significant and memorable,” wrote Charles W. Trump, Jr., President/CEO of First Federal of Greene County, in his annual President’s Report.
After several special events and highlights that “offered a gratifying and full celebratory year,” according to Trump, the focus is on the future.
As nationwide economic factors continue to impact deposit activities and mortgage loans, the Association is looking forward to more local growth, namely the imminent opening of a new full-service branch in Fair chance, Fayette County, Pa.
First Federal of Greene County broke ground on the project – which involved gutting and renovating an existing building on Morgantown Street in Fairchance – last July, with plans for an opening before spring.
“In the coming weeks, we are excited to celebrate the ribbon-cutting and the opportunity to better serve that area of Fayette County and its residents,” Trump noted. “Utilizing modern décor and technology, we look forward to using this fresh and state-of-the-art facility, as we embark on another 100 years.”
The opportunity to open a branch in an underserved part of the Association’s footprint was one that could not be missed and further strengthens the ties between a neighborhood bank and its community.
“Being generous to and supportive of the neighborhoods that we serve has continued to be an expectation and special mission for First Federal of Greene County,” Trump wrote. “We believe that this effort and focus has played a crucial part in the bank’s evolution and growth, and our compassion for these special communities will continue as we evolve and grow in the next 100 years.”
Financial highlights from 2024 included $1.017 billion in assets, $863 million in deposits, and $672million in the Association’s mortgage portfolio.
Despite higher-than-usual mortgage interest rates for the last couple of years, the Association still booked $5.7 million in loans, and the year-end mortgage effective yield totaled 3.968 percent.
While consumer confidence nationwide still seems a bit unsettled, one point that the Association cannot waver on is technology, and the protections it provides customers are more important than ever.
“The Board of Directors continues to recognize and support the reality that investments in technology will continue to be necessary and vital as the bank strategizes for immediate and future capabilities,” Trump said. “Further, safety and security are paramount, and our top priority, in serving our customers.”
Along with Trump, the Board of Directors includes Chairwoman Judi Goodwin Tanner, Gregory A. Parsons, Jay S. Hammers, Murray W. Hoy, Stephen M. Neubauer, Douglas A. Wilson and Michael C. Baily. Tanner, Parsons and Hammers were re-elected to 3-year terms on the Board. John E. Mariner and Henry T. Cochran serve as Directors Emeritus.
Also during the Association’s annual meeting, Trump was re-elected President/CEO, and the following Association officers were once again elected: Chad M. Moore, Executive Vice President; Jeffrey B. Widdup, Vice President; Courtney A. Schroyer, Vice President/Chief Financial Officer; Kathleen M. Toth, Vice President/Secretary; Terry L. Clutter, Vice President/Treasurer/Assistant Secretary; Sarah A. Westfall, Assistant Vice President; Danielle R. Tobusto, Assistant Vice President; Aimee D. Toothman, Assistant Vice President; and Brian E. Moody, Assistant Treasurer.
In reflecting on the past anniversary year, Trump remarked that at the intersection of safety and success are people.
Referencing Maslow’s Hierarchy of Needs, Trump noted that meeting the basic need for safety “reinforce[s] a key factor in First Federal of Greene County’s century of success: Our customers trust us and feel safe in their financial relationship with our Association.”
“Reflecting on where First Federal of Greene County came from, what we are currently doing and where our Association is going, it is abundantly clear that answers to all those questions center on people,” Trump continued. “I know that our next century of service will be full of challenges, success, uncertainties and growth.
“Remaining united, our Board of Directors, Officers and Employees will forge ahead into the next century, continuing our treasured legacy of service. Our special and valued customers, paired with an extraordinarily committed work family, create the perfect union for our next century of service.”
Since 1924, First Federal Savings and Loan Association of Greene County has served the residents of Southwestern Pennsylvania through a combination of traditional deposit and loan products and evolving technological convenience. From checking and savings accounts to mortgage and home equity loans, from online bill pay to mobile banking, First Federal of Greene County offers a variety of services to its customers, all while remaining committed to being “The People You Know, The People You Can Trust.” Based in Waynesburg, Pa., First Federal of Greene County maintains eight offices in Greene, Fayette and Washington counties in Pennsylvania, and two First Greene Mortgage subsidiary offices in Morgantown and Bridgeport, W.Va. For more information, visit www.ffgc.bank.
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