The Member Newsletter
April 2023
1st Cooperative can help you make money
Got $1,000? 1st Cooperative Members can make their money grow by opening a share certificate of deposit with 1st Cooperative.

For a limited time, the credit union is offering a 15-month savings certificate opened with a minimum deposit of $1,000 that can earn a 4.25% annual percentage yield.

Once the certificate matures, it will automatically transfer to your savings account. New deposits only. Rates are subject to change at any time and a penalty, which will affect yield, will be imposed for early withdrawal.

Don’t miss out. Visit today.
Members gather in person for annual meeting, elect new directors to board
Rob Hochstetler
On March 14, members convened in person for the first annual meeting since the outbreak of the coronavirus pandemic.

“Members are excited to be together,”
said Ashley Beach Reid, the chief operating officer. “As people feel more comfortable resuming life after Covid restrictions, it’s great to see the 1st Cooperative family engaging in important discussions about the future of our credit union.”

Pictured above: Rob Hochstetler, CEO of Central Electric Power Cooperative, won one of several cash prize drawings following the 2023 annual meeting.
1st Cooperative Board
Members elected a new director to the board during the annual meeting. Celine Mitchell, manager of information systems at Aiken Electric Cooperative, will fill the unexpired term of retiring director Theresa Crepes.

Directors re-elected to the board include Lou Green, executive vice president at The Electric Cooperatives of South Carolina and Trena Nelson, vice president of cooperative enterprises at Berkeley Electric Cooperative’s Berkeley Propane subsidiary.
Derrick joins 1st Cooperative 
Tasha Derrick
Tasha Derrick has joined 1st Cooperative Federal Credit Union as manager of finance and operations.

The Midlands native will flex her accounting experience and organizational skills as the credit union continues to provide top notch service to its members.

Derrick has more than 15 years of experience in finance, accounting, consulting and working with nonprofits.

She comes to 1st Cooperative from Welvista, Inc., South Carolina’s largest not-for-profit pharmacy, where she served as director of
finance and human resources. Before that, she worked as chief financial officer of EdVenture Children’s Museum.

Derrick earned a bachelor’s degree in business administration from
Limestone College. She enjoys spending time with her 24-year-old son, Bryce, her 8-month-old granddaughter, Jaleya; and her 3-year-old Boston Terrier, Gema.
Balance transfer special ends April 21 
6.99 percent
1st Cooperative Visa Platinum holders and those who open a new Visa account will get a 6.99% annual percentage rate on all balances transferred from other cards to a 1st Cooperative Visa through April 21.

Members will pay no transfer fee and get the lower rate when they transfer balances from retail store cards or those from other financial institutions.

Apply at Members with questions can contact the credit union at 803-796-0234.

Credit union membership is open to electric cooperative employees, trustees, and their families, who include spouses, parents, grandparents, children, grandchildren, siblings, and in-laws (with step and adoptive relationships included).