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CU System
Tierney presented NASCUS Pierre Jay award
BOSTON (9/1/09)--Catherine Tierney, Community First CU president/CEO, was awarded the National Association of State Credit Union Supervisors (NASCUS) 2009 Pierre Jay Award at the NASCUS State System Summit, Aug. 20-22 in Boston. The award is given to individuals who demonstrate outstanding service, leadership, achievement and efforts which benefit NASCUS and the dual-chartering system. The award was established to honor the memory of Pierre Jay, Massachusetts Banking Commissioner from 1906-1909 and the father of the first State Credit Union Act. Tierney, a 30-year veteran of the credit union system, has been active in NASCUS and other credit union organizations for years. In addition to her credit union’s recent success in challenging the Internal Revenue Service on unrelated business income tax, her Appleton, Wis.-based credit union reached $1 billion in assets--30 years after she started as a teller in the same credit union. Tierney serves as the NASCUS Credit Union Executive Council secretary and as a member of the Education and Legislative and Regulatory Affairs committees. “During Cathie’s significant career in credit unions, there has never been a hesitation to contribute where needed, reaffirm the cooperative principles of the credit union system and most importantly, represent the state credit union system on the national and state levels,” said NASCUS Past Chairman George Reynolds of Georgia, who presented the award. “I can’t think of an individual more deserving of this award,” he added. “She has worked tirelessly to preserve and advance the dual-chartering system and to fight for the interests of all state-chartered credit unions.”


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