DES MOINES, Iowa (12/5/13)--A Dec. 3 Des Moines Register article highlighted the national reputation of the Iowa Credit Union League and its president/CEO Patrick Jury.
Jury has led the league since 2006. Under his leadership, the league supports the state's 116 credit unions with services ranging from electronic transaction processing to serving the Hispanic market.
With more than $10 billion in deposits and $11.7 billion of assets at the end of the second quarter, Iowa credit unions are strong under Jury's leadership. Their share of the $84 billion now deposited at Iowa's financial institutions has increased to 12.4% from 8% under Jury's tenure as CEO.
One of Jury's significant achievements was the development of the league subsidiary Affiliate Management Co. Annual revenue at Affiliate Management Co. has doubled to more than $100 million the past five years, the Register reported. Jury's active leadership has built businesses that serve credit unions around the nation, Paul Gentile executive vice president of strategic communications for the Credit Union National Association, said in the Register article.
As a for-profit provider, Affiliate Management Co. was able to be more nimble to respond to market needs and insulate the league and its member credit unions--who tend to be risk averse--from any problems that might occur, the Register reported. Also, it provided enough capital to "seed" new ventures.
Diana Dkystra, president/CEO of the California/Nevada Credit Union Leagues, complimented Jury's ability to think outside of the box, describing him as "brilliant."
Jury joined the league as a lobbyist in 1989. He was promoted to chief operating officer in 1993 and has served as chief executive officer since 2006. He is also secretary of the executive committee of the World Council of Credit Unions. Jury is an at-large executive committee member of the CUNA board.
To read the full article, use the link provided.