CPM Federal Credit Union to open new branch in Bluffton▼ March 23, 2018

N. CHARLESTON, SC (March 23, 2018) – CPM will open its newest branch on Monday, March 26, 2018. It will be a one-story, modern, full-service facility in Buckwalter Commons Industry Park with dedicated parking, drive-up lanes, drive-up ATM, offices, a teller counter, a vault and safe deposit boxes. Mike Chodnicki, Board Chairman, commented, “CPM is thrilled to be Bluffton’s first credit union. Credit Unions are not-for-profit, member owned, cooperative financial institutions that exist to serve its membership.” We invite our friends and new neighbors to come and enjoy our Grand Opening on Friday, March 30th. Ribbon cutting will be at 11 a.m. with activities planned throughout the day.


Shannon Pahula Promoted to Chief Operating Officer of CPM Federal Credit Union▼ August 17, 2017

pahula photo
N. CHARLESTON, SC (August 17, 2017) – 
CPM Federal Credit Union is pleased to announce the promotion of Shannon Pahula to Chief Operating Officer.

Ms. Pahula has been with CPM since 1998. She began as a Teller and has served in many positions including Loan Manager, VP of Lending, VP of Operations and most recently Director of Retail Operations and Marketing. CEO James Gergen said, “She is an inspiring leader who combines a passion for our membership and the member experience with a wealth of knowledge of credit union operations.” Shannon graduated from Penn State University. In 2016 she completed a Cornell University Marketing Strategy program.


Press Releases 2014 - 2016▼

Dr. Richard Gough joins Supervisory Committee of CPM Federal Credit Union▼ November 15, 2016

gough photo
N. CHARLESTON, SC (November 15, 2016) – 
CPM Federal Credit Union appointed Dr. Richard Gough as the newest member of CPM’s Supervisory Committee.

Dr. Gough is the president of the Technical College of the Lowcountry (TCL) and also serves as a director for the Bluffton Public Development Corporation board and the Beaufort County Economic Development Commission. He served in the United States Marine Corps for 25 years and retired as a Colonel. Dr. Gough has been an active member of CPM for many years. Board Chair Mike Chodnicki said, “We are honored to have him supporting us and pleased to strengthen our ties to the Beaufort/Port Royal area.”

CPM welcomes the addition of Dr. Richard Gough and looks forward to his service on the Supervisory Committee.

Alicia Webb joins Board of Directors of CPM Federal Credit Union▼ July 20, 2016

webb photo
N. CHARLESTON, SC (July 20, 2016) – 
Alicia Webb was elected to serve on the Board of Directors of CPM Federal Credit Union at the credit union’s annual meeting. 

Alicia Webb is a retired Lab Supervisor and Research Analyst for Westvaco, MeadWestvaco and Kapstone. She served on CPM’s Supervisory Committee for the past 12 years, serving many of those years as Chairperson. Mrs. Webb brings a vast knowledge of the credit union movement and CPM to her new role serving on the Board of Directors.


CPM Opens New Branch Locations▼ April 6, 2016

N. CHARLESTON, SC (April 6, 2016) – CPM Federal Credit Union, a nonprofit, full-service financial institution, will celebrate the opening of new locations in North Charleston at Park Circle on Friday, April 8, and Summerville at Nexton on Monday, April 11. Both grand opening events will begin at 11 AM.

“Opening these new locations reflects an ongoing commitment to reach our members where they are and be there when they need us,” said James Gergen, CPM’s chief executive officer. “We serve over 55,000 members throughout South Carolina and our expanded branch network provides more in-person opportunities to build on the unique relationship we have with members -- to shake their hands, ask about their families, and take the time to understand their needs -- which is what differentiates CPM from larger financial institutions.”

The grand openings for each site include family-friendly activities from 3-5 PM that are free and open to the public, and include food trucks, face painting and ice cream. The new branches will offer special pricing on auto loans, personal loans, and deposit accounts. Visitors will spin to win free giveaways such as tumblers, beverage mugs and other prizes through the end of April, Gergen said.

In addition to the two new locations in Summerville and North Charleston, CPM has nine other South Carolina service sites in Beaufort, Greenville, Greer, Orangeburg, Port Royal, Spartanburg and Simpsonville.

CPM offers comprehensive consumer banking products and services including checking and savings accounts, retirement accounts, auto loans, mortgages and home equity loans, and credit cards. CPM also makes available financial planning and investments, affordable insurance coverage for auto, home life, disability, critical illness, accidental death and dismemberment and other member needs.
Nexton branch    Park Circle branch
Summerville at Nexton® location                   North Charleston at Park Circle location

Andrew Bowden, Jr. joins Supervisory Committee of CPM Federal Credit Union▼ November 28, 2015

Bowden photoN. CHARLESTON, SC (November 28, 2015) – CPM Federal Credit Union announces the appointment of Andrew Bowden, Jr. to the Credit Union’s Supervisory Committee.

Mr. Bowden is a Director of Information Technology for SCANA, an energy holding company with over $16 billion in assets and whose businesses include SCE&G and utility companies in Georgia and North Carolina. Mr. Bowden brings expertise in cyber security, information technology, manufacturing, and marketing to the Credit Union. CPM Board Chairman Mike Chodnicki said, “We are thrilled to have Andy join our Supervisory Committee. Adding someone with Andy’s expertise in cyber security underscores the importance the Board places on protecting our systems, our data, and our members.” Mr. Bowden has responsibility for cyber security and IT compliance at SCANA.

CPM welcomes the addition of Andrew Bowden and looks forward to his service on the Supervisory Committee.

CPM Breaks Ground in Nexton® Development to Build New Summerville Branch▼ September 10, 2015

SUMMERVILLE, SC (September 10, 2015) – CPM Federal Credit Union broke ground in Nexton® for a new Summerville branch on August 28, 2015. The newest branch will be a one-story, modern, full-service facility on the corner of Brighton Park Blvd. and Rose Drive with dedicated parking, drive-up lanes, drive-up ATM, offices, a teller counter, a vault and safe deposit boxes. The branch will open in 2016!

Nexton groundbreaking

Laurie H. Anderson, SPHR, Joins Board of Directors at CPM Federal Credit Union▼ July 6, 2015

Anderson photoN. CHARLESTON, SC (July 6, 2015) – CPM Federal Credit Union appointed Laurie Anderson as one of their newest members of the Board of Directors.

Ms. Anderson is the Human Resources Manager for Eberspaecher Exhaust Technology of the Americas in Spartanburg, SC. The Eberspaecher Group is one of the world´s leading system developers and suppliers of exhaust technology, vehicle heaters and bus air conditioning systems. She is a graduate of Clemson University and has extensive training in Human Resources. She serves on the Advisory Committee of a local high school applied technology center, and is active in several ministries at her church. She has been certified as a Senior Professional in Human Resources (SPHR) since 1997.

Herbert N. Glaze Joins Board of Directors at CPM Federal Credit Union▼ June 26, 2015

Glaze photo

N. CHARLESTON, SC (June 26, 2015) – CPM Federal Credit Union appointed Herbert N. Glaze as one of their newest members of the Board of Directors.
Mr. Glaze is a former Beaufort County Councilman and is currently the Dean of Students and Track and Field Coach at Beaufort High School. He received his Bachelor’s degree at Benedict College and earned a Masters of Education at Pepperdine University. He was awarded the South Carolina Track and Field 4-A Coach of the Year in 2002, the High School Coaches Association’s highest honor. He is a member of many civic and educational organizations including the Beaufort County Education Association, Marine Science Association, National Science Teachers Association and the South Carolina Track and Field Association. Mr. Glaze’s representation of the Beaufort area will be a real asset to CPM and its members.

CPM to Build Nexton® Branch▼ February 11, 2015

SUMMERVILLE, SC (February 11, 2015) – CPM Federal Credit Union has announced the purchase of land in Nexton® in Summerville, South Carolina to develop a full-service branch. Mike Chodnicki, Vice Chairman of CPM and Summerville resident, commented “We are very pleased to take this step which will lead to better serving our members with a 3,400 square foot full-service branch in this new and exciting community. Nexton is the heart of the Region’s most vibrant growth area and a community focused on the future. When the new branch opens in 2016 we will relocate the operations of our small Summerville branch into the new branch. Our new branch will be a modern, one-story, full-service facility on the corner of Brighton Park Boulevard and Rose Drive with dedicated parking, 2 drive-up teller lanes, drive-up ATM, night drop, and safe deposit boxes.” 

Melissa Peterson, CPM Board member and Summerville resident and business owner, commented “We are delighted to be in Nexton and have engaged the firm of Stubbs Muldrow Herin to design a branch that will provide a great experience for our members and fit with the style of this new and high-tech community.” 

About CPM Federal Credit Union
CPM Federal Credit Union is a member owned, not-for-profit, full-service financial institution with $267 million in assets operating 10 branches throughout South Carolina serving 64,000 members. The Credit Union was formed in 1955 by employees of the Charleston Paper Mill and has expanded to serve other major employers, including MeadWestvaco, the developer of Nexton. Proudly serving so many groups throughout the State, CPM strives to deliver service and value everyday recognizing that Carolina People Matter.

About Nexton
Nexton is new thinking in community design, coming to life at I-26 and Highway 17A in Summerville, South Carolina, at the heart of metro Charleston’s most vibrant growth. It’s a fresh response to what people and businesses need today to be creative and successful. A place where innovation is fueled by South Carolina’s first community-wide, gigabit broadband service. Where a commitment to education and healthy living will offer long-term benefits to all. And where even the smallest details are intended to make everyday life simpler and more fulfilling. Read more at NextonSC.com.

St. Matthews Branch Closure▼ January 2015

N. CHARLESTON, SC, CPM Federal Credit Union is committed to making the best financial decisions on behalf of our membership. After an extensive analysis of the branch currently located at 606 F.R. Huff Dr. St. Matthews, we have discovered that it is not fiscally responsible to function as a full-service branch. We have decided to close this branch as of March 2, 2015.

CPM Federal Credit Union still has a full-service branch located just 13 miles away in Orangeburg. Our Orangeburg branch is located at 1174 Boulevard Street. We are still here to serve you! Members will continue to have access to their account through our recently expanded network of ATMs. We have 1,100 surcharge free ATMs in South Carolina alone, including Bi-Lo Shopping Center ATMs. We also offer assistance through Shared Branch locations, Contact Center, online and mobile banking, and our 24-hour telephone banking system. 

All inquiries or questions need to be directed to marketing@cpmfed.com.

Beaufort Area Celebrates Rebranding ▼ September 2014

N. CHARLESTON, SC, CPM Federal Credit Union, a not-for-profit, full-service financial institution, today announced that its MCAS Beaufort division will officially become CPM Federal Credit Union. The name change comes after 4 years of operating as MCAS Beaufort, A Division of CPM Federal Credit Union.

"We will continue to offer all of the same great products and personal service, we are simply shortening our name to CPM Federal Union,” said James Gergen, Chief Executive Officer of CPM Federal Credit Union. “Our members won’t notice a difference in their day to transactions. We look forward to continuing to serve the Beaufort area.”

CPM offers a full range of financial services including online and mobile banking as well as competitive lending rates. The credit union has been serving its members since 1955 and has 11 branch locations throughout the state of South Carolina.

Bruce Melville (Major, USMC [Ret]) joins Board of Directors ▼ August 2014

N. CHARLESTON, SC, CPM Federal Credit Union appointed Bruce Melville as the newest member of the Board of Directors.

Major Bruce Melville [Ret] of Beaufort, SC recently completed an extensive Marine Corps career having been stationed in the U. S. and overseas. His expertise as a Comptroller, Budget Officer and Strategic Planner will be a tremendous asset to CPM and its members. He provided strong leadership throughout his career in management and operational planning. Major Melville’s addition to the Board accomplishes its endeavor to have representation from all CPM locations across the state.

John Brisini joins the Supervisory Committee at CPM Federal Credit Union▼ August 2014

N. CHARLESTON, SC, CPM Federal Credit Union appointed John Brisini as its newest member of the Supervisory Committee.

Mr. Brisini brings to the Supervisory Committee a wealth of experience in business development and marketing. He is a graduate of the College of Charleston and currently works with AI Group, a Charleston based consulting firm. He has previously volunteered with a variety of not for profit organizations, such as the MUSC Children’s Hospital and the YMCA of Greater Charleston. “I’m excited,” said Brisini, “CPM is an outstanding organization. I look forward to working with what is already an extraordinary team.”

Press Releases 2011, 2012 & 2013▼

CPM Federal Credit Union Restructures for Future Success: May 2013

CPM Federal will be making some changes to our branch network soon which will impact our future success. We are making these difficult decisions to ensure future growth and provide more technologically advanced services to our membership.

»Click here to read the entire story

Outstanding Service Continues: December 2012

CPM Federal has had a change in management, and will continue regular operations as normal.

»Click here to read the entire story

CPM Federal Joins Shared Branching Network: April 2012

CPM Federal Credit Union has joined the CU Service Centers®
With Credit Union Service Centers located throughout the United States, members can now remain with their financial institution even if they move.

»Click here to read the entire story

CPM Federal Donates $25,000 to MUSC Children's Hospital: February 2012

On Monday, February 27th, at 9am in the Atrium of the MUSC Children’s Hospital CPM Federal will donate $25,000 to the MUSC Children’s Hospital, a Children’s Miracle Network Hospital, “This is a huge commitment...

»Click here to read the entire story

Helping Elementary Students in Financial Education: October 2011

CPM Federal will place branches in two area schools, Greg Mathis Charter High School and Eagles Nest Elementary. CPM’s employees are taking it upon themselves to educate today's youth about finances.

»Click here to read the entire story

CPM Federal Donates $9,000 to 9 School Districts Across SC: August 2011

There are many children across South Carolina that are in need of the basic supplies to begin their education for the 2011-2012 school year. CPM Federal Credit Union recognizes this need across the state and has decided to step in.

»Click here to read the entire story

CPM Federal to Sponsor the American Cancer Society: January 2011

The American Cancer Society has announced a partnership with CPM Federal Credit Union to help support the fight against cancer in South Carolina by becoming a statewide sponsor of Relay For Life®.

»Click here to read the entire story