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CU System
Bill Sterner chairman of CU Association of Colorado dies
ARVADA, Colo. (4/1/08)—Bill Sterner, president/CEO of Elevations CU in Boulder, Colo., died Monday following a heart attack on Friday. Sterner, 66, was board chairman of the Credit Union Association of Colorado (CUAC) and of Credit Union Strategic Partners, the service corporation for CUAC. He was attending CUAC’s annual Legislative Forum at the State Capitol in Denver when he was stricken. He had been CEO of Elevations CU since 2000 after joining the credit union as vice president of marketing in 1997. Under his leadership, Elevations grew from $340 million to more than $790 million in assets, with more than 75,000 members. During his 46-year career, Sterner held management positions with the Credit Union National Association, the California Credit Union League, the Kansas Credit Union Association, and the World Council of Credit Unions. John Dill, president/CEO of CUAC, said Sterner “embodies the credit union philosophy of ‘People Helping People’ in his chairmanship of CUAC, his service to our entire credit union movement in Colorado, and the national stature he brought to our state association.” He noted that “all of us at the association are saddened by his loss and will miss his friendship and leadership.” Doug Ferraro, president/CEO of Bellco CU and vice chairman of the CUAC Board, has been named acting CUAC chairman for the remainder of Sterner’s term. Sterner also served on the board of directors of SunCorp CU and the Credit Union Service Network. Elevations CU has named an acting CEO. The credit union’s board will meet Thursday to appoint an interim CEO.


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