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NOTICE OF SPECIAL MEETING
OF THE MEMBERS OF
POLISH & SLAVIC FEDERAL CREDIT UNION

WHEREAS, a Special Meeting of members was requested by petition pursuant to Article IV, Sections 2 and 3 of the PSFCU Bylaws, and the Supreme Court of the State of New York decided that a Special Meeting is to be called.

NOTICE IS HEREBY GIVEN that a Special Meeting of the members of this Credit Union has been called and will be held at Polish & Slavic Federal Credit Union’s Operations Center located at 9 Law Drive, Fairfield, NJ 07004, on Tuesday, August 28, 2018 at 7 o’clock pm, for the following purposes:

  1. “Put to a vote a motion to remove Edward Pierwola from the Supervisory Committee for willful obstruction of the convening of the prior Special Meeting, violation of the principles of calling meetings of the Supervisory Committee, exposing the P&SFCU to financial losses by unethical actions, violation of Article XVI, Section 4 of the Bylaws.
  2. Put to a vote a motion to remove Elzbieta Baumgartner from the Board of Directors and membership in the P&SFCU for undertaking decisions that violate the PSFCU Bylaws, mismanagement, abuse of public office for personal gain, ignoring the membership when making important decisions, placing the organization at great financial risk through erroneous decisions without consulting the membership, distributing untruthful investment related information concerning the investment of $590 million dollars of membership funds.*
  3. Put to a vote a motion to remove Leon Kokoszka from the Board of Directors and membership in the P&SFCU for breaking his campaign promises and conscious misleading of the members who voted for him.  After he was elected to the Board of Directors Leon Kokoszka, in the presence of various members, called the postulates, which got him elected, “campaign fodder” and stated that it would be impossible to realize them.*
  4. Put to a vote a motion to remove Krzysztof Matyszczyk from the Board of Directors and membership in the P&SFCU for undertaking decisions that violate the PSFCU Bylaws, mismanagement, abuse of public office for personal gain, ignoring the membership when making important decisions, placing the organization at great financial risk through erroneous decisions without consulting the membership.
  5. Put to a vote a motion to remove Kajetana Sawczuk from the Board of Directors and membership in the P&SFCU for undertaking decisions that violate the PSFCU Bylaws, mismanagement, abuse of public office for personal gain, ignoring the membership when making important decisions, placing the organization at great financial risk through erroneous decisions without consulting the membership, notorious absences from Board of Directors meetings (Article VI Section 8 of the P&SFCU Bylaws).”*

TAKE FURTHER NOTICE that no business other than that related to these purposes may be transacted at the meeting.

BY ORDER OF THE BOARD OF DIRECTORS OF PSFCU
Malgorzata Wadolowski, 1st Vice Chairwoman

SIGNED BY SECRETARY
Franciszek R. Piwowarczyk                            Date: 8/20/2018


* Please note that motions to remove Elzbieta Baumgartner, Leon Kokoszka, Kajetana Sawczuk from the Board of Directors are not being put to vote as their terms have ended and they are no longer on the Board of Directors.



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