About Us
Timberland Federal Credit Union is a not-for-profit financial cooperative, owned and operated democratically by members like you! Our Board of Directors consists of volunteers, who are elected at our annual meeting by our members.
The National Credit Union Administration insures your Share Savings at the credit union to at least $250,000.
Our Goal is to provide the Membership with high quality service, understanding and convenience. We hope you will use your credit union membership and discover the fantastic value and rewards of Timberland FCU!
The Story Behind Timberland
Our credit union was chartered in 1973 as the Riverside Employees Federal Credit Union. At the end of our first year of operation, membership had grown to 843 with $129,000 in assets. The “official” offices were above the old Riverside store #3 (currently the Giant Eagle) in DuBois.
In July 1985, the Board of Directors decided to change the name of the credit union to attract other companies and reflect the diverse company base it was building. On July 16 of that year, the National Credit Union Administration approved the name change to Timberland Federal Credit Union. “Timberland” was chosen because DuBois was once known for its timber industry, and in French, “DuBois” means “of the woods.”
In 2002, Timberland Federal Credit Union achieved a new milestone reaching assets over $30 million and adding an additional office in Clearfield.
The credit union has come a long way from the days over the “old market” with current assets exceeding $60 million and membership approaching 10,000.
Board of Directors
Timberland Federal Credit Union’s all-volunteer Board of Directors is elected by the membership at the annual meeting every March. The Board, in turn, makes policy decisions for the operation of the Credit Union. The current Board is:
David Volpe - Chairman
Initial Member since: 2002
Doug Kougher- Vice Chairman
Initial Member since: 1988
C. Joe Hockman - Treasurer
Initial Member since: 1974
Marsha McCurdy - Secretary
Initial Member since: 1984
Keith Dusch - Director
Initial Member since: 1991
Charles Burchfield - Director
Initial Member since: 1988
E. George Downer, Jr. - Director
Initial Member since: 2016
Supervisory Committee
In addition, the Board of Directors appoints a Supervisory Committee that is dedicated to ensure policies and procedures are in place to safeguard the assets of the Membership. The current Supervisory Committee is:
George Downer - Chair
Initial Member since: 2015
Scott Fine - Committee Member
Initial Member since: 2017
Don Motherwell - Committee Member
Initial Member since: 2002