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Federation honors Jacob Morrisey
NEW YORK (6/24/08)--Two leaders of community development credit unions (CDCUs) received top honors at the National Federation of Community Development Credit Unions’ 34th Annual Conference on Serving the Underserved held in Dallas June 13.
(From left) Cliff Rosenthal, president/CEO, National Federation of Community Development Credit Unions, presents Ed Jacob, president/CEO, Northside Community FCU, Chicago, with a Vamper Award for his contributions to the credit union movement. Federation Board Chairman Eunice Rogers also helped to present the award.
Daniel Morrisey, treasurer and manager of Queen of Peace Arlington (Va.) FCU, speaks after receiving a Vamper Award from the federation. (Photos provided by the National Federation of Community Development Credit Unions)
The awards are named in honor of the late Annie Vamper, a pioneering African-American credit union manager, regulator and associated director of the federation. Ed Jacob, CEO, Northside Community FCU, Chicago, received the award for his work in developing alternatives to payday loans and helping immigrants. “I am proud and honored to be part of a movement that does this work, and to be able to send out a few of these tiny ripples of hope from Chicago,” he said during his acceptance speech. Dan Morrisey, treasurer and manager, Queen of Peace Arlington (Va.) FCU, received the award for his volunteer work, which spans more than three decades. His credit union is based in a church, and he believes that faith is important for all credit unions. “What we CDCUs, and really all credit unions, do day-in and day-out is to take a leap of faith in our members,” Morrisey said. “When we make loans we have faith that our members will repay that loan.” “Both Dan and Ed represent the best traditions of the credit union movement,” said Federation President/CEO Cliff Rosenthal. “With limited resources, they have made it their mission to stretch further to reach people in need--immigrants, people with disabilities, people who have been victimized by payday lenders. They have strengthened not only their communities but the CDCU movement nationwide.” Separately, the Federation honored Maurice Calderon, retiring senior vice president, minority development, Arrowhead CU, San Bernardino, Calif.; and Ralph Paige, CEO, Federation of Southern Cooperatives/Land Assistance Fund, Atlanta, with Friend of the Federation awards for their contributions to the credit union movement.
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