DES MOINES (1/2/14)--The Iowa Credit Union Foundation received $25,000 from Ascentra CU in honor of the credit union's late CEO, Paul Lensmeyer.
Lensmeyer, who died May 20, was an "extremely strong advocate" of the foundation's work, said Dale Owen, president/CEO of the Bettendorf, Iowa, credit union.
"This gift will advance ICUF efforts around financial literacy, matched savings programs and other ICUF activities," Owen added. "An example like this is what defines our difference and reminds all of us we work in a wonderful credit union community."
As president of the $292 million asset credit union, Lensmeyer promoted reading through partnerships with schools and libraries.
"On behalf of the Iowa Credit Union Foundation, we are all honored and humbled to receive this generous donation from Ascentra CU in Paul's name," said Jim Niederhauser, vice president of member services, Iowa Credit Union League.
Donations help the foundation achieve its mission of helping Iowans build wealth, responsibility and independence.