Leadership
Get to Know Our Team
BOARD OF DIRECTORS
Anthony
LaRosa
Chairman
John H.
Richardson
Vice Chairman
James E.
Cunningham
Secretary
Joann
Zarro
Director
Patricia
Fox
Director
Timothy J.
Haggerty
Director
John LaRosa
Treasurer and Retired CEO
John LaRosa is PFFCU’s Treasurer of the Board and Chief Risk Officer. John’s focus is on PFFCU’s Business Strategy, Financial Management including Investments and Interest Rate Risk, and Credit Management. John began his career with PFFCU in 1990 as Chief Financial Officer and was PFFCU’s Chief Operating Officer (COO) from 1992 to 2004. He joined the Board of Directors in 1996 and became CEO in 2005. John retired as CEO on February 5, 2021.
John holds an MBA with a concentration in Accounting from Drexel University; a Master of Science Degree in Finance from Loyola College; and a Bachelor of Science Degree in Electrical Engineering from Drexel University.
PFFCU Management Leadership
James Duke
President and Chief Operating Officer
James Duke is responsible for management of PFFCU’s Lending, Information Systems, Accounting, and Finance functions. James joined PFFCU in 2019 and has over 30 years of experience in the financial services industry and is a CPA and MBA. Prior to joining PFFCU, James served as Chief Accounting Officer at Pentagon Federal Credit Union. You can contact Jim at dukej@pffcu.org with any member service needs related to Lending.
Lisa Girdharry
President and Chief Retail Officer
Lisa Girdharry is responsible for management of PFFCU’s Branches, Call Center, Marketing, Business Development, Human Resources, and Operations functions. Lisa joined PFFCU in 2017 and has more than 20 years of experience in the financial services industry. Lisa holds a BA and MBA from University of Wisconsin. Prior to joining PFFCU, Lisa served as Chief Marketing Officer at UW Credit Union. You can contact Lisa at girdharryl@pffcu.org with any member service needs related to the Branches or Call Center.
SUPERVISORY COMMITTEE
Report From the Supervisory Committee
One of the Supervisory Committee’s major responsibilities is to have an independent audit performed at least annually to verify member account balances. To accomplish this, the Supervisory Committee engaged the independent public accounting firm of CliftonLarsonAllen LLP (CLA). In addition, the Supervisory Committee works with the National Credit Union Administration (NCUA), our federal regulator, when it conducts its annual examination of PFFCU. The Supervisory Committee also oversees the internal audit department that performs ongoing reviews to determine whether PFFCU is operating in compliance with policies, procedures, and regulations, and that internal controls are in place and operating effectively.
We are pleased to report that CliftonLarsonAllen LLP completed the annual audit of the financial statements for 2022 in March 2023. The Committee is pleased to report that PFFCU is a financially sound organization dedicated to serving its members.
Anne Kelly King
Chairperson
Joann Chapman
Margaret Kaufman
Dexter Green
Toni Rosen
| Assets | |
|---|---|
| Cash & Cash Equivalents | $2,477,556,000 |
| Investments |
|
| Available-for-sale | $31,936,000 |
| Other | $3,741,000 |
| Loans held for sale | $1,438,000 |
| Loans to members, net | $6,079,835,000 |
| Accrued interest receivable | $19,485,000 |
| Property and equipment, net | $50,993,000 |
| Share insurance deposits | $64,841,000 |
| Other Assets | $23,981,000 |
| Total Assets | $8,753,806,000 |
| Liabilities and Members’ Equity | |
| Liabilities | |
| Members’ shares | $7,202,701,000 |
| Borrowings | $0 |
| Accrued expenses and other liabilities | $85,741,000 |
| Total Liabilities | $7,288,442,000 |
| Members’ Equity | |
| Retained earnings | $1,465,416,000 |
| Accumulated other comprehensive loss | ($52,000) |
| Total Members’ Equity | $1,465,364,000 |
| Total Liabilities and Members’ Equity | $8,753,806,000 |
* The audited financial statements would include other financial statements, accompanying notes that are an integral part of the financial statements, and the Independent Auditors’ Report.
