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CUNA honors community CUs
SAN DIEGO (10/15/08)--The Credit Union National Association (CUNA) named Erie (Pa.) General Electric FCU, and OSU FCU, Corvallis, Ore., the 2008 Community Credit Unions of the Year at CUNA’s 2008 Community Credit Union Conference in San Diego.
Carlyn Roy, executive vice president/chief operations officer, OSU FCU, Corvallis, Ore., received the Community CU of the Year award from John Sackett, award judge and board treasurer, Royal CU, Eau Claire, Wis. OSU FCU won in the more than $250 million asset category.
Award judge Lee MacMinn, CEO, Freedom CU, Warminster, Pa., presented Gail Cook, CEO, Erie (Pa.) General Electric FCU, with the Community CU of the Year award for institutions with less than $250 million in assets. (Photos provided by the Credit Union National Association)
The award recognizes community chartered credit unions that best exemplify credit union ideals, are proactive in their communities, and provide a wide array of services to meet their communities’ diverse needs. Erie General Electric Federal, the winner in the less than $250 million asset category, excelled in new product development and community impact, noted Lee MacMinn, president/CEO of Freedom CU, Warminster, Pa., and an award judge. Most of Erie General Electric Federal’s new products are geared toward helping members that other financial institutions don’t want to serve, MacMinn noted. “The credit union was willing to take a chance on helping members help themselves through many ‘second chance’ type programs.” The key to community credit union success is “serving all segments of your membership and the community,” said Carlyn Roy, executive vice president/chief operations officer for OSU Federal, the winner in the more than $250 million asset category. “By reaching out and supporting varied communities, we end up gaining members out of nonmembers. “Our slogan is ‘creating financial solutions to make lives better,’” she continued. “All of our staff live by that mantra at work.”


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