Open Letter on Social Justice

As we come off the heels of celebrating another Independence Day, we must recognize that freedom has never been the same for all. Despite the unprecedented challenges we are facing as we navigate a global pandemic, the fight against racial injustice cannot be placed on the back burner.


No amount of days, weeks or months passing is enough to remedy, rectify or heal the level of pain and suffering that hundreds of years of racism has inflicted on the Black community. 


Even so, that is not an excuse to do nothing.


It is our duty, especially for those of us who are CEOs, leaders and policymakers, to make sure we take action within our communities, our schools, and our companies. We must make pronouncements against hate and we must do so unequivocally and everywhere we see it, not just when men and women are unjustifiably killed or when acts of hate are captured on camera.


Our nation is strongest when we stand together, united. It is imperative we fight against the temptation to blame, to scapegoat, to point the finger and single out any one people, regardless of our economic conditions or societal prospects. We must be a society of accountability. That means all of us must hold ourselves accountable to live the very best lives we possibly can, and to hold ourselves (and others) accountable when we engage in racist and discriminatory behaviors that bring down our peers.


We must be kind and brave. The brave actions of thousands of people have the power to move mountains. It is not enough to simply say that we believe in diversity and inclusion, or that we are not racist. As the African American Credit Union Coalition’s new initiative states, all of us must commit to change if we want to see change.

That’s why my association is doubling down on raising funds and awareness for diversity and inclusion efforts within the credit union industry. We are putting our money where our mouth is and backing the people and groups who will lead us in bringing about change. At NAFCU, we believe credit unions have a particular role to play.


If this is your first time stepping into the arena of fighting racism, don’t be afraid. There is no perfect way to navigate the complexities of our history, but doing something is better than doing nothing at all. Take the time to become educated on the many prominent Black and non-white leaders and organizations who have been fighting for equality for decades and centuries. Taking it a step further: Don’t speak for them; ask them to speak to you and your staff about equality and how we can go about achieving it today. Change begins with all of us. 

  • Town Hall Explores Human and Economic Toll of Racism and How the Credit Union Movement Can Effect Change
    Columbia, MD (June 2, 2020)

    The African American Credit Union Coalition (AACUC) and the MD|DC Credit Union Association co-hosted a Town Hall to explore the human and economic toll of systemic racism and how the movement can effect change.

    200 participated in Commitment to Change Through Action, a virtual town hall held on June 30. AACUC President and CEO Renee Sattiewhite, along with AACUC Chair and MECU Credit Union EVP/CFO Adrian Johnson, served as moderators. A panel of credit union leaders and industry partners shared their personal experiences with racism and engaged in a broader discussion of how systemic racism has created a legacy of economic inequality for Blacks in America. Panelists also talked about the role diversity, equity and inclusion practices play in bringing about change.

    How did we get here?
    Economic Inequality

    To find out how we got here, Samira Salem, Senior Policy Analyst for CUNA, says you have to go back nearly a century ago to the practice of redlining which used color-coded maps to determine where it was safe to insure mortgages. African American neighborhoods were colored red to indicate they were too risky.

    Salem says barriers to home ownership prevented Blacks from achieving economic stability, “Black people were not able to accumulate wealth, they weren’t able to send their kids to college with their home equity or bequeath wealth. This was the practice of redlining. Really a systematic policy of mortgage discrimination and segregation.”

    While redlining was banned more than 50 years ago, its legacy is still felt. Salem says while home ownership accounts for two-thirds of the wealth of a typical U.S. household, 75 percent of Whites own their own home, but according to the U.S. Census Bureau just 44 percent of Blacks and 49 percent of Hispanic/Latinx are homeowners. As a direct result, the net worth of White households is now 10 times greater than Black households according to the most recent Survey of Consumer Finances by the Federal Reserve Bank.

    Where do we go from here? What are the solutions?
    Be Intentional

    Renée Sattiewhite, President/CEO of AACUC says she believes that being intentional is a good first step. “I believe that if we share our stories and we have conversations, if we’re open and honest and we agree to be open and honest, then things can change.”

    The Role of Leadership
    Panelists agreed that leadership has a vital role to play in addressing racial issues and creating opportunities for advancement. Adrian Johnson, CFO/SVP Administration at MECU Credit Union and Chair of AACUC says, “I have a duty, I have a responsibility to folks who are coming behind me. I stand on the shoulders of those who have come before me. The folks that are coming behind me, I owe them and have a duty to help them be their sponsor, be their advocate, be their influence. Help them into that C-suite or help them into that CEO office.”

    Based on his experiences, Andre Lucas, Compliance Director at MD|DC Credit Union Association says the key to real progress comes from the top, “Leadership has to be onboard so we can bring this racism to an end and all of us are looked at not by color, but by who we are as individuals as people, as human beings. We need to keep this momentum going and don’t stop.”

    Brett Noll, President/CEO of Securityplus FCU urges leaders to be an active participant in finding solutions, “Become aware and acknowledge the problem. It’s got to be an ongoing effort and you have to commit to it. Make it part of your strategic plan. Get people onboard with the effort top down and do it and don’t stop doing it. And don’t be scared.”

    Leaders have a responsibility to create a workplace culture that is inclusive and where employees have a real sense of belonging says Maria Martinez, CEO/President of Border FCU, “I think everyone in a leadership role should be an ally in helping to create a safe and more welcoming and inclusive environment. Show off your staff, brag about them, praise them for their accomplishments and make them feel part of the team.”

    How do you know if progress is being made?
    Measuring Progress

    Gathering data is critical to measuring progress. Sattiewhite says there are just six African Americans leading the 314 U.S. credit unions with assets over $1 billion. “We need that data to see who is in the C-suites, who is in the board room, to see if we are making progress. If we don’t know – we can’t tell you if we are making a difference or if change is happening.”

    Jill Nowacki, CEO of Humanidei, a human capital strategies firm, suggests credit unions commit to metrics for diversity and inclusion the same way they do for loan growth or asset growth, and tie those metrics to compensation. “Setting those metrics that actually align with and reflect the community and then holding people accountable for that is critically important.

    What is the role of diversity, equity & inclusion? and how can it make a real impact?
    Diversity, Equity & Inclusion

    Diverse teams make better business decisions and provide a competitive edge, particularly as demographics shift says Opal Tomashevska, Multicultural Business Strategy Manager, CUNA Mutual Group. “When you think about input, if everything is the same, your innovation is going to be limited, you are not going to have the perspective that you need. We also know that the population is getting more diverse so younger generations like millennial and Gen Z are already more than 50 percent people of color. By 2040 it’s predicted to be a minority majority, so if you don’t have that representation on your teams, you’re not able to be of service to the population as it’s changing as well.”

    Salem says it’s important to use the DEI lens to assess products and services to determine who is benefitting and who is being burdened. The key she says is knowing your members. “You have to know their pain points.  And understand who your members are. In order to understand them, we need to become more equitable, we need to become more inclusive and we need to become more diverse as organizations.”

    Wesley Wiliams, VP of Information Technology at Valley Star CU, says DEI should be empowering, “Don’t just do diversity to check a box. Go the next step and include them and give them the resources and tools to prop them up. Put them around people who can help them and that’s how I really think we will see a change.”

    Lead the Way
    Credit unions should be leading the way toward to greater financial equity and inclusion says Brett Noll, “We have a platform, we have the ability to change our country, change our world. It’s going to take all of us. It’s not something we can look at other organizations and say they are handling that, the politicians are handling that, it’s on each and every one of us.”

    To view the webinar, please visit:

    The African American Credit Union Coalition (AACUC) is a 501c3 non-profit organization created in 1999 to increase the strength of the global credit union community through professional development and advocacy. It has become an all-encompassing organization for individuals (professional and volunteers) in Credit Unions, Insurance, Regulators, Consultants and other entities in the credit union industry. AACUC is considered a leader in the credit union industry adopting the 8th Cooperative Principle and providing knowledge of how credit unions can become more diverse and inclusive. Visit to see the benefits of membership.

    MD|DC Credit Union Association is a trade association representing credit unions in Maryland and the Washington, D.C. region and the 2.2 million members they serve. Credit unions are member-owned, democratically controlled financial cooperatives. Visit for more information.

  • Netflix Invests $10 Million in HOPE to Build Economic Opportunity in Black Communities
    June 30, 2020 | Jackson, MS

    Netflix today announced a $10 million deposit in Hope Credit Union as one of the first investments in a $100 million initiative to build economic opportunity in Black communities.  The investment is among the first made by Netflix in financial institutions and other organizations that directly support Black communities in the U.S.

    The Netflix investment in HOPE will be in the form of a Transformational Deposit. In each Deep South state served by HOPE, for every dollar in net worth held by white households, Black households hold between ten and twenty cents.  Through Transformational Deposits, HOPE imports funds into these capital-starved communities to make business, mortgage and consumer loans and provide other financial services that build wealth and foster economic mobility.  Over the next two years, HOPE estimates the Netflix deposit will support financing to more than 2,500 entrepreneurs, homebuyers and consumers of color. 

    In a blog published today, Netflix Director of Talent Acquisition Aaron Mitchell and Treasury Director Shannon Alwyn noted that there is much more to be done to narrow the wealth gap and that the investments will contribute to a more equitable financial system.  “Nineteen percent of Black families have either negative wealth or no assets at all, compared to only 9 percent of White households, according to the U.S. Federal Reserve,” they wrote. “Black banks have existed to fight this for generations – spurring economic growth by extending credit in often underbanked communities. But they’re disadvantaged in their access to capital, especially from large multinational companies, when compared to other banks.”

    “Left unchecked, America’s unsustainable racial wealth gap will get even wider,” said HOPE CEO Bill Bynum.   “On a per capita basis, financial institutions owned or led by people of color are the most effective way to fuel economic mobility and prosperity for people and places from which wealth has been extracted for generations.  If other companies followed Netflix’ example, hundreds of billions could be invested toward closing debilitating opportunity gaps that create division and limits America’s immense potential.”  According to the FDIC, roughly six out of 10 people living in the service area of Black owned banks are Black, in contrast to six out of 100 for banks that are not Black-owned.   

    HOPE is the only depository institution in several communities, including Itta Bena, a majority Black Mississippi Delta town, with a poverty rate is 42% and median household income is $20,417 and only $1.2 million in total local deposits.  Transformational deposits are designed to import capital into banking deserts such as Itta Bena. 

    Companies and individuals interested in making a Transformational Deposit in HOPE can learn more at

    About HOPE 

    HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute) provides financial services; aggregates resources; and engages in advocacy to mitigate the extent to which factors such as race, gender, birthplace and wealth limit one’s ability to prosper. Since 1994, HOPE has generated more than $2.5 billion in financing that has benefitted more than 1.5 million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee.

    Media Contact: Shelia Byrd
    Hope Enterprise Corporation/Hope Credit Union

  • The Movement, Injustice and a 'Tipping Point'
    By Ray Birch, Duluth, GA

The United States has reached a “tipping point” with its tolerance for racial injustice, asserts Renee Sattiewhite, who believes this time, after the protests subside, actual change will take place.

Sattiewhite, president and CEO of the African American Credit Union Coalition (AACUC), stated attitudes toward people of color will change, acceptance of racism will decline, and this change will work its way through credit unions as well.

Sattiewhite spoke with in the wake of the death of George Floyd at the hands of Minneapolis Police, which has set off protests and discussion of race-related issues across the United States and the world. It has similarly set off discussions within the credit union community, with CUNA, CUES and other individual credit unions announcing initiatives seeking to address racism and equality.

The AACUC itself has also announced a new partnership with the World Council of Credit Unions aimed at reducing discrimination.

Sattiewhite told no longer can lip service be paid to change, as has been the case in the past after civil unrest following the death of another African American at the hands of police.

“This time I don’t think we have a choice,” Sattiewhite said. “The landscape and the people in society have changed.”

What has altered that landscape, and the hearts of many Americans, is the fact more of the mistreatment of African Americans by police is being captured by cellphone video and now body cameras on officers,” said Sattiewhite.

“We know what has happened to African Americans over so many years, but now we are just seeing much more of it,” said Sattiewhite. “You just can’t look at this the same way anymore. The visual images…”

An ‘Affect’ on the Good & Decent


Sattiewhite compared what people are often seeing today, including the graphic video of Floyd pleading for his mother before he died, to the death of Emmitt Till.

Till was the 14-year-old African American who was lynched in Mississippi in 1955 after being accused of offending a white woman in her family's grocery store. Till’s four killers were acquitted. Sattiewhite recalled how Till’s mother wanted an open casket so everyone could see how badly her young son was beaten by grown men.

“These things we are seeing are happening almost monthly now,” Sattiewhite said. “Those visuals affect people. They affect anyone who is decent and good, and I believe most people are decent and good. This is a tipping point. It’s a tipping point for AACUC. It’s a tipping point for my board. It’s a tipping point for Renee Sattiewhite. People are saying this is no longer acceptable—period.”

But for real change it must involve more than changed mindsets, said Sattiewhite.

“For things to be different there has to be an admission of the atrocities,” offered Sattiewhite. “Once that's admitted, then we can look at how do we best solve this problem. The commitments have to come from not just your mind but from your heart. You have to feel it, you have to want change to happen. I was talking to a white woman this morning, and she was just not getting it. I finally had to say, ‘Stop, you don't understand. I'm trying to give you the viewpoint that you need to be looking out from and you refuse to see it. And she is a well-intentioned white woman. So part of what has to happen is the change must happen from your own point of view.”

What About Credit Unions?

But what about credit unions? Since the death of Floyd, numerous initiatives have been launched and positions announced by credit unions, CU organizations and CU leaders. What specific steps can credit unions take to make a difference?

“The key is to be honest and open. You have look at this like you would a relationship,” explained Sattiewhite. “So, let's say two people have been married for years and they've become disrespectful to each other, and now they've come to a place where they’re either going to part ways or try to work things out. To do that you would need a mediator, someone to have a conversation with you both—whether that's a pastor, a counselor or your parents—someone to mediate. There needs to be some mediation.”

The Need for ‘Real Talk’

What that will do is lead to “real talk.”

“I would talk with Tim Anderson (AACUC board member and CEO of U.S. Senate FCU) when he was chairman of AACUC, and he would say, ‘OK Renee, it’s real talk.’ That meant, ‘OK, this is a safe space and time to have some honest and open conversations.’ Right then, he was no longer a boss to me, we were equals and we spoke open and honestly, without any concerns.”

Sattiewhite emphasized those same types of conversations have to begin happening across credit unions, between their leaders and African American professionals.

“CEOs and people need to have honest conversations without being defensive,” she said. “And CEOs have to be very open about not just listening but hearing what is being said to them.”

Beyond that, Sattiewhite said she provide specific directions.

“I can't be the one to define these action steps for everyone,” she said. “Those steps have to be different for each organization. But there needs to be progress. This has to be intentional. And there should be consideration and humility in all of this. And humility—I don’t think we always have that, and that is why we have trouble sometimes.”

Educational Campaign Launches

As reported, the AACUC is rolling out its “Commitment to Change, Credit Unions Against Racism” initiative.

“We're looking at how we can start a fund and use the money to help educate people about racism,” said Sattiewhite. “We want credit unions all across the nation, and those of you who are international, to please join with us in eliminating and eradicating racism. Unite against racism. We hope to help people understand and navigate through the differences people have. If they understand these differences better, they will be less likely to make assumptions. For example, just because someone comes from the West Coast and has a laid-back manner and way of speaking does not mean they are not smart.”

The AACUC is also partnering with SECU of North Carolina to deliver DEI training four times a year in which participants will be asked to live a day as a minority.


“You will live in someone else’s shoes and really feel what goes on in the lives of people of color,” explained Sattiewhite.

SECU has donated $125,000 to the program.

“We're looking to run the academy four times a year and I am really excited about it,” said Sattiewhite, who added the program is now being formed.

African Americans in CU Leadership


As for the issue of African Americans in leadership positions within credit unions—where they have long been underrepresented despite much discussion–Sattiewhite believes what will lead to increasing those numbers is good data and measuring results.

“The last time we checked, in November of 2019, there were 154 African American CEOs in the credit union space. We have more than 5,000 credit unions. That's really a low percentage,” noted Sattiewhite. “The problem for me is that we just got that information in 2018. Until we know what the numbers actually are on an ongoing basis, how can we come up with a plan for change? How will we be able to measure? So we need to get organizations to start the research and keep these numbers coming, because at AACUC we don't have the  bandwidth. If we received a grant for that, then we could do that. But without that data…You have to be able to monitor and evaluate if you are making a difference to make lasting change.”

  • Overwhelming Response to AACUC Announcement of Commitment to Change
    AACUC, June 24, 2020

    Immediately following the African-American Credit Union Coalition (AACUC) call this month for credit unions throughout the United States and abroad to join the effort to dismantle systemic racism, supporters responded enthusiastically and positively. The initiative, Commitment to Change: Credit Unions Unite Against Racism, focuses on unification, education, conversations, and investments that will move the credit union movement into a future where diversity, equity and inclusion can thrive.

    AACUC invites credit unions throughout the United States and abroad to join the effort to eliminate racism through the Commitment to Change: Credit Unions Unite Against Racism Initiative. Elements of the initiative include:


    • Creating a safe space for AACUC members to have “real talk” on the emotional and psychological impact of current events and how to bring about sustainable change. In the ongoing series of virtual conversations, topics have included the impact of police brutality, the fears of being profiled, what it’s like to experience microaggressions, and the reality of trauma that can happen to an individual and/or groups as a result of oppression.

    • Launching the Diversity Equity and Inclusion Leadership Academy for Financial Professionals (DEI Academy). To further illuminate DEI among credit unions, AACUC’s interactive program will be offered four times a year, inviting in-depth exploration of diversity, equity, inclusion, and how to better understand the nuances of racism.

In addition to the time, expertise, and resources that several credit unions and industry organizations have contributed to AACUC, the credit union movement is making new financial investments that will have a long-term impact for current and future credit union professionals. Many AACUC partners have stepped up to join the Commitment to Change: Credit Unions Unite Against Racism including key support from credit unions, State Leagues, and CUSOs.

  • State Employees’ Credit Union based in Raleigh, North Carolina (SECU NC) has donated $125,000 to AACUC to support the efforts to educate the credit union community with a Diversity Equity and Inclusion Leadership Academy for Financial Professionals (DEI Academy). “We are proud to host the DEI Academy at our corporate headquarters in Raleigh, North Carolina,” said Mike Lord, President/CEO, SECU NC. 

  • Coastal Credit Union from Raleigh, NC, has pledged $50,000. President/CEO, Chuck Purvis said, “We’re not just supporting the initiative.  We’re taking it to heart and looking inward to see how we can do more ourselves.”

  • PSCU located in St. Petersburg, FL, has pledged to continue to provide in-kind support.


“I am convinced more now than ever that the Credit Union Industry can lead the nation in eliminating racial discrimination. Credit Union people do not have all the answers, but as practitioners of financial institutions we have a commodity that everyone needs,” said Sattiewhite, AACUC President/CEO.  “AACUC urges all credit union professionals to see their colleagues through a different lens, especially colleagues of color. Moving forward, interaction must consist of empathetic, honest, respectful and thoughtful discussions that are geared toward understanding, not blame.”

To learn more, participate, and support the “Commitment to Change” initiative, please visit or email Renée Sattiewhite at

  • AACUC Collaborates with the Illinois Credit Union System to Honor Juneteenth
    Naperville, IL. June 19, 2020

    In Honor of Juneteenth, LSC of the Illinois Credit Union System (ICUS) has joined AACUC’s Commitment to Change: Credit Unions Unite Against Racism. LSC is sponsoring 100 individual memberships for LSC and Illinois Credit Union League credit union partners to join AACUC. This limited number of sponsored memberships will be awarded on a first-come, first-served basis.  

    “The decision to sponsor these individual memberships to AACUC is based on our long-standing commitment to diversity, equity, and inclusion. I look forward to working with credit unions to support these important values throughout our communities,” says Tom Kane, President/CEO of the Illinois Credit Union System. 

    We are humbled by the support of the Illinois Credit Union League and LSC.  Juneteenth is a historic day for African Americans – this is a great way to start our Commitment to Change: Credit Unions Unite Against Racism Initiative”, said Adrian S. Johnson, SVP/CFO MECU Credit Union and AACUC Chairman of the Board. 

    Libby Calderone, President and COO of LSC, sees this as a way of strengthening credit union collaboration and the communities they serve. She says, “I’m excited to be working with our credit union partners on uniting our communities, moving forward, and advocating for lasting and meaningful change. 

    This is an opportunity for credit unions to participate in a common mission with ICUS and AACUC to increase diversity within the credit union community through advocacy and professional development. 


    About AACUC
    The AACUC is a 501c3 non-profit organization created in 1999 to increase the strength of the global credit union community through professional development and advocacy. It has become an all-encompassing organization for individuals (professional and volunteers) in Credit Unions, Insurance, Regulators, Consultants and other entities in the credit union industry.  AACUC is considered a leader in the credit union industry adopting the 8th Cooperative Principle and providing knowledge of how credit unions can become more diverse and inclusive. Visit to see the benefits of membership.

    About the Illinois Credit Union League
    The Illinois Credit Union League is the primary trade association for more than 260 state and federal credit unions in Illinois. It focuses on providing legislative and regulatory advocacy, compliance assistance and information, and a wide range of educational and training services to those credit unions, who in turn serve approximately 3.4 million members. More information can be found at

    About LSC
    LSC® is a credit union service organization offering a wide array of products and services and is dedicated to helping credit unions compete.   Its experience and expertise in all areas from card programs and customer service to education and legal advocacy, as a corporate partner of the Illinois Credit Union League, has made LSC a key support provider in the credit union movement.   Its products include credit and debit programs, pre-paid debit cards, portfolio development consulting, Agent credit card programs, ATM services, and debt collection.  It serves more than 2,300 credit unions in 50 states.  More information can be found at:

  • How Trump's latest nominee could reshape the NCUA board
    By Melisa Angel, CU Journal, June 19, 2020

    Kyle Hauptman could shake up the National Credit Union Administration’s dynamic if the Senate confirms his nomination to the board.

    President Donald Trump said on Monday that he would nominate Hauptman to fill the seat currently held by J. Mark McWatters, whose term expired in August. Hauptman, a Republican who works for Sen. Tom Cotton, is likely to be confirmed, though he lacks direct experience with the credit union industry.

    Hauptman is a staunch opponent of the Dodd-Frank Act. That puts him at odds with current NCUA board member Todd Harper, who helped craft that legislation. That could mean more clashes over regulatory policy if Hauptman is confirmed.

    Still, given his background, credit unions are hopeful that Hauptman will advocate for loosening of regulations.

    “I would like to get his regulatory philosophy and how he would approach his goals and regulation,” said Todd Mason, president and CEO of the Maine Credit Union League, the state that Hauptman is from. “Going back to Chairman [Rodney] Hood, I would like to hear something like ‘effective, but not excessive regulation’ during the Senate confirmation hearings.”

    NCUA declined to comment for this story. Hauptman did not return a request for comment.

    Hauptman has worked more broadly within financial services, though not directly with credit unions. He spent five years at the now defunct Lehman Brothers and served on the Securities and Exchange Commission’s Advisory Committee for Small and Emerging Companies.

    He is currently the economic policy adviser for Cotton and the staff director of the Senate Banking Committee's Subcommittee on Economic Policy. That experience could help him through the Senate confirmation process.

    “I don’t think that not having direct credit union experience would hamper him from being a strong credit union advocate,” said Larry Sewell, vice president of corporate partnerships and advocacy at Together Credit Union in St. Louis, Mo. Sewell is also the vice chairman of the executive board of directors for the African-American Credit Union Coalition.

    From opinion pieces published in various outlets over the last few years, it’s clear that Hauptman is in favor of lifting some regulations. The Wall Street Journal previously referred to him as a "regulatory critic."

    Hauptman has written about what he called the “collateral damage” of the Dodd-Frank Act.

    "Unfortunately, Dodd-Frank has disproportionately hit community banks," he wrote in an op-ed for The Hill in 2016. "Complying with endless pages of regulations that have been issued – and remain to be released – requires considerable time and money, things that small banks have less of than their bigger brethren."

    That’s a view likely to be shared by many in the credit union industry. The number of small institutions has continued to shrink while the ranks of big credit unions have grown. Industry observers have long argued that keeping up with regulatory demands is one driver behind consolidation.

    However, Hauptman’s argument could also cause an internal rift on the board since Harper helped draft the Dodd-Frank legislation. Harper, the board’s lone Democrat, “led efforts to rein in ‘too-big to-fail’ financial institutions,” according to his LinkedIn page.

    During his time on the board, Harper, who was also nominated by Trump, has called for more oversight of large credit unions through dedicated consumer compliance exams and has argued in favor of implementing the heavily debated risk-based capital rule.

    In contrast, Hauptman worked at investment banking giant Lehman Brothers at the time of its collapse in 2008.

    “I think if he was confirmed to the NCUA board, it would mean that Chairman Hood will have a firm partner on the NCUA board to affect an agenda that seems to be inclined toward regulatory relief,” said Ryan Donovan, chief advocacy officer at the Credit Union National Association.

    Hauptman has also argued that cryptocurrency and blockchain can increase national competitiveness. This view would complement the other board members, noted Lucy Ito, president and CEO of the National Association of State Credit Union Supervisors.

    “I hope he’d bring an interest in fostering competition and increasing options for consumers given the digital interest,” she added.

    During Hauptman’s confirmation hearing, Ohio Sen. Sherrod Brown, ranking member of the Senate Banking Committee, along with other Democrats may bring up his opposition to Dodd-Frank. But Democrats currently lack a majority on the committee so they would not be able to block his nomination without being joined by some Republicans.

    There’s a possibility that his work with Cotton could be used as a cudgel against Hauptman as well. Cotton, a Trump ally, has been at times a lightning rod. He recently argued in a controversial op-ed in the New York Times that the military should be deployed amid the recent protests sparked by George Floyd’s death in police custody. The article received significant backlash and ultimately led to the resignation of James Bennet, the opinion editor for the New York Times.

    Despite these potential issues, many believe that Hauptman will be confirmed, especially with the presidential election looming in November. If Democratic nominee Joe Biden wins the election, he would probably pick a Democrat to fill the spot. That would mean the board’s balance would shift from the current two Republicans and one Democrat to two Democrats and one Republican.

    By law, there must be at least one member on the board from the president’s opposing party. Hauptman’s term would end in August 2025.

    The Senate could move quickly to confirm as many Trump nominees — even for lower profile positions such as the NCUA board — as possible before the election.

    “The calendar is always a factor when it comes to nominations,” said John McKechnie, a credit union consultant and a former staffer at CUNA and the NCUA. “This close to an election, probably even more so. On the other hand, Congress has operated in two time frames: now and not now. So when Congress wants to get something done, they can.”

  • AACUC Announces Five-Part Virtual Event:  Commitment to Change Conversation Series
    06/18/2020, Laila Lauson, AACUC, Snellville, GA

    The African-American Credit Union Coalition (AACUC) will host a new five-part virtual event, the Commitment to Change Conversation Series, on August 10-14, 2020. This series is designed to inspire and empower credit union professionals to lead with a mindset of diversity, equity, and inclusion during these challenging racial and public health crises to better represent, serve and achieve positive outcomes for communities of color.

    The virtual series is part of the organization’s larger Commitment to Change: Credit Unions Unite Against Racism initiative and will take place in lieu of the organization’s annual conference, which was scheduled for August 11-14 in St. Petersburg, Fla. and has been postponed until 2021 due to the COVID-19 pandemic.

    The weeklong series will feature daily 90-minute virtual sessions led by expert panelists representing financial services, social justice, mental health, and academia. Topics will include emotional fortitude, leadership during times of crisis, community action, and financial, economic and income equality within the context of being and serving people of color.

    “As financial professionals, we believe credit unions are uniquely positioned to affect meaningful change in the fight against social injustice,” said Renée Sattiewhite, AACUC President/CEO. “As Black professionals, we are eager to share insights from our unique experiences and exchange strategies with allies to help us build a more diverse and inclusive workforce so that we can impact the communities where we live. I’m confident this new virtual format affords us even greater opportunity to reach more people and provide value that’s particularly relevant in this current environment.”

    The AACUC was quick to respond to social justice activities precipitated by the death of George Floyd earlier this year, hosting virtual roundtables and listening sessions. Prior to these events, AACUC led the way by connecting its members with critical resources and relief efforts, including the Payment Protection Program and CDC public health guidance, as the COVID-19 pandemic disproportionately affected Black Americans. The AACUC partnered with African-American outreach efforts from the White House, the National Credit Union Administration, and the Credit Union National Association to ensure the experiences of people of color were told, heard, and accounted for.

     “This has been an incredibly complex time for the African-American community and has underscored the health, economic and social inequalities this community continuously faces,” explained Sattiewhite. “We’re committed to staying engaged and developing opportunities where diversity, equity and inclusion take a front seat – because Black credit union professionals and Black communities’ matter.”

    Florida-based credit union service organization PSCU will be the event sponsor, while Suncoast Credit Union, the largest credit union headquartered in Florida, will serve as the local host for the virtual event. The event will be free and open to the public. Event and registration information can be found at

  • SECU Supports the African-American Credit Union Coalition with $125,000 Donation
    June 17, 2020, Leigh Brady, Raleigh, NC

    State Employees’ Credit Union (SECU) is pleased to announce a donation of $125,000 to the African-American Credit Union Coalition (AACUC).  The gift, made on behalf of the 2.5 million members of the Credit Union, reinforces a commitment to partner with the AACUC to advance the mission “to increase diversity within the credit union community through advocacy and professional development.”  In addition, the donation will support the AACUC tenets in the Statement on Diversity which “recognizes the differences and distinctions of each individual, group, or organization that are represented in society and within the credit union movement.”  SECU is actively involved in the AACUC Southern Regional Chapter of the organization, with two SECU Vice Presidents, Jamie Keith and Kelli Holloway, currently serving as Chapter President and Vice President, respectively.

    The African-American Credit Union Coalition is a 501(c)(3) non-profit organization of African-American professionals and volunteers in the credit union industry.  Affiliation with AACUC offers a unique opportunity to influence and shape the credit union movement and its governmental affairs.  The organization works to promote personal and professional growth of its members and advocates to improve economic development of surrounding communities that are often underserved.  AACUC supports programs that include expanding the interest and increasing the number of minorities in the credit union movement, increasing outreach of the credit union movement in African countries and in the United States through mentoring, scholarship programs, and much more.

    “The Board of Directors, staff, and membership of State Employees’ Credit Union understand the importance of diversity, equity, and inclusion in all facets of work and life pursuits,” said Mike Lord, SECU President/CEO.  “As a member-owned cooperative, we encourage and value the diversity of our members and our staff.  We operate with a ‘Do the Right Thing’ focus and a ‘People Helping People®’ philosophy, and we’re proud to support the mission of the AACUC with this donation.”

    “Corporate Partners like State Employees’ Credit Union provide beacons of hope for the credit union movement. We are hopeful that other credit unions and organizations will follow their example and invest in the future of credit unions.  We are grateful for the support, but more importantly, the Partnership, Mike Lord and SECU have definitely demonstrated a commitment to change,” said Renée Sattiewhite, AACUC President/CEO.

    About SECU and the SECU Foundation

    A not-for-profit financial cooperative owned by its members, SECU has been providing employees of the state of North Carolina and their families with consumer financial services for 83 years.  The Credit Union also offers a diversified line of financial advisory services including retirement and education planning, tax preparation, insurance, trust and estate planning services, and investments through its partners and affiliated entities.  SECU serves 2.5 million members through 269 branch offices, 1,100 ATMs, 24/7 Member Services via phone, a website, and a Mobile App.  Members can also follow and subscribe to SECU on Facebook and YouTube.  The SECU Foundation, a 501(c)(3) charitable organization funded by the contributions of SECU members, promotes local community development in North Carolina primarily through high impact projects in the areas of housing, education, healthcare and human services.  Since 2004, SECU Foundation has made a collective financial commitment of more than $191 million for initiatives to benefit North Carolinians statewide.  In addition to the website, highlights are also available on the SECU Foundation Instagram page.


  • Posting that meme doesn’t make you an ally
    June 9, 2020 by JILL NOWACKI, HUMANIDEI

    I’m no World War II historian. My rudimentary knowledge of history leaves me believing this, though: Showing up as one of the ally powers required more than just a statement of commitment.

    FDR didn’t call Churchill to say, “Hey, bro, I’ve got your back. I can’t really understand what you’re going through, but man . . . thoughts and prayers, y’know? And if there’s anything I can do to help, you let me know. I’m here for you.”

    It didn’t go that way because when an ally joined the forces, they were not joining someone else’s war: An ally joined the fight because the cause was their cause; they believed in the world they envisioned on the other side and could not tolerate the alternative that would exist if the wrong side won the war. There were sacrifices made, resources fully devoted, a commitment to victory no matter the cost.

    The word “ally” is being thrown around a lot these days . . . mostly in labels that we white people apply to ourselves, tied to a hashtag or an inspirational quote. It doesn’t mean nothing, but it also doesn’t hold the power it should. We are calling ourselves allies without going beyond words of solidarity.

    Don’t be mistaken: Solidarity is better than silence, but on its own, it isn’t action that affects change. It won’t help win the war against systemic racism. To get there, we must truly align with this cause. We must believe this fight is ours and we must act with a commitment equivalent to that belief.

    Credit union leaders are uniquely positioned to be true allies in this fight and to leverage our personal and business resources for systemic change. Many of us as individuals have power or influence in our communities, as well as the privilege of being (well-compensated) executives in a movement that was built for the purpose of social change.

    If dismantling systemic racism and the economic inequity that accompanies it is not our fight, what is?

    Your public declaration of allyship shows what side you are on. Now, take the action that supports it by deciding what resources you’ll bring to this fight, both personally and organizationally. There are many lists available to share how white people can work toward anti-racism. Here are some credit union-specific ideas that also support your fight toward economic equality, access to financial services, and your desire to be a top employer:


    • Join or start community coalitions that address community well-being and economic inequality and its root causes.

    • Create safe spaces for your black employees to talk about their experiences. Listen with empathy and actively choose to relegate any leadership-centric approach (because statistically, most of your senior leadership is probably white).

    • Participate in or offer Individual Development Account programs that help people obtain wealth-building assets for the first time in their families’ histories.

    • Scrutinize lending policies and practices to ensure you are lending to minority-owned businesses and minority homebuyers.

    • Have advisors (Board members, community partners, paid staff) that are of the community you want to serve. Listen to their input and look for ways to take action. If this is not happening or you don’t believe the talent is there in your community, access a resource that can help you look deeper.

    • Support college scholarships for first-generation college students, at Historically Black Colleges and Universities, or through the United Negro College Fund (personally or through your credit union’s existing scholarship fund).

    • Join the African American Credit Union Coalition or make a donation (personally or through your credit union). When you become a member, support their programs and build your knowledge, taking responsibility to better understand the experiences of our black colleagues in the credit union space.

    • Educate yourself by reading work by black authors, watching documentaries by black filmmakers, or listening to podcasts by black producers. (A friend recently recommended 1619 to me, and I pass that on to you.)

    • Shop at minority-owned businesses.
      Consider hosting a book circle to discuss your learning (personally or at your organization). I recommend Me & White Supremacy or Blind Spot to start, though the stack is growing daily. The Circle Way can provide a structure that gives equal voice to participants in these conversations. (If you have your own favorite learning tools, please use the comments below to share resources for the benefit of all.)

​This list of ideas is infinitesimal compared to the work that lies ahead. Each bullet point is just one tiny action, but they are actions that may add up to something that matters if we all show up like the allies we have declared ourselves to be.

This credit union system is one that accomplishes much when we come together. I can’t imagine a finer bunch of allies or a better industry to work in for addressing systemic racism. If I can help you in taking action, please reach out: I’m ready to serve.

  • CU CEO Maurice Smith Named Chairman of National Cooperative Bank
    06/04/2020,, RALEIGH, N.C.

    Maurice R. Smith, CEO of Local Government FCU and Civic Federal Credit Union, has been elected the new
    chairman of the National Cooperative Bank (NCB).

    The NCB board of directors consists of individuals from various sectors of cooperatives and community
    development organizations across the United States, including housing, grocery, small business, healthcare and
    credit unions. Pat Jury, former CEO of the Iowa CU League, also serves on the NCB board.

    The National Cooperative Bank was chartered in 1978 by an act of Congress, and later privatized in 1981 as a
    cooperative to provide financial services to housing and commercial cooperatives across the United States. Credit
    unions, as cooperatives, remain a primary sector for NCB, which said it has growing portfolio of credit unions that
    call the Bank its main provider of wholesale depository and correspondent banking services.

    “NCB is a mission-driven financial institution,” said Smith. “I am enamored by the principles that bind credit
    unions.  Our focus on members’ wellbeing, democratic control and community are core values that define us as
    cooperatives. NCB embraces these ideals. Much of what NCB does is familiar to me. Our terms of art are similar. As financial intermediaries, our functions are comparable.  For NCB, the differences are not plentiful.

    Improving Value Proposition

    “In a typical board meeting discussion, the management and directors focus on the same matters that credit unions leaders face,” Smith continued. “Like credit unions, NCB directors concentrate their attention on how to improve the value proposition for cooperatives and their members. We deliberate the state of affairs that faces members of all kinds of mutually owned organizations. We ask how the Bank can make a difference. Then we align our strategies to help credit unions and other cooperatives thrive.”

    Chuck Snyder, CEO of NCB, was early in his career the president of Temporaries Federal Credit Union early in his career.

    “Given our shared cooperative roots, credit unions and NCB have had a mutually beneficial relationship since NCB’s inception,” stated Snyder. “We share a common thinking about how community good is created. This begins with empowering people through ownership and free participation to make their own choices. NCB embraces these values”. 

Won't be silent.jpg


  • Commitment to Change – AACUC’s charge to the credit union industry
    June 4, 2020 by Renée Sattiewhite, African-American Credit Union Association (AACUC)

    In this time of turmoil, civil unrest, economic uncertainty, COVID-19 and the relentless images we see on media outlets, we must take a step back. I am not a scholar, but I am a woman living in the United States of America. I offer the following comments as a citizen of the United States and a credit union advocate. 

    My title is President/CEO of the African-American Credit Union Coalition (AACUC). It took me a long time to decide to accept the position from Executive Director to President/CEO. The reason it took so long (2 years) is because with that specific title comes great responsibility. Everyone has an expectation of what the organization should be doing. Our board of directors, our members, our partners and the community approach the organization from different perspectives.

    Our mission statement is: To increase diversity within the credit union community through advocacy and professional development. That is pretty focused, seems simple – but it isn’t. There are many layers to advocacy and certainly for professional development. AACUC does not try to be all things to all people, however, we do strive to be good stewards, good corporate citizens and provide a safe space for people of color to express themselves. In addition, we provide a safe place for people of a lighter hue to also have a safe space to ask hard questions about cultural things that they do not understand.

    AACUC is an example of how our nation could learn to be interactive with all races. When you attend an AACUC event you interact with people from many different backgrounds. Interns, young professionals (under 40), seasoned professionals (41 – 65), elder professionals (66+), many different ethnicities and cultures – people who work in trade organizations, credit union vendors, credit union executives, board members and staff all coming together having a shared non-violent experience. We are an inclusive organization. We don’t just say it – we demonstrate it.

    It is my belief that while there are atrocities that have continued for well over 400 years, that if people were to get to know one another – see their fellow man/woman as a person, talk about their challenges, struggles, successes, that kind of interaction would break down barriers.

    I have a personal motto, “I am the possibility of people serving other people passionately.” There is no other industry that serves people as passionately as the Credit Union Industry. I am convinced more now than ever that the credit union industry can lead the nation in eliminating racial discrimination. Credit union people do not have all the answers, but as practitioners of financial institutions we have a commodity that everyone needs. Our Cooperative Principles, Credit Union Motto (Not for Profit, not for charity, but for service) and the Credit Union Philosophy of “People helping people,” provide the agreed upon tenants to help us eradicate racism.

    Commitment to Change – here is the opportunity for people in the credit union movement to stand together, united against racism. We must be intentional in our thoughts and our deeds. Simple kindness goes a long way in healing. Let’s be kind to one another, let’s create groups to address the social ills that plague our society, let’s be committed to doing what we can, when we can, because we can.

  • What protests teach us
    June 2, 2020 By  by  Maurice Smith, Local GovernmentFederal Credit Union and Civic Federal Credit Union

    The recent protests taking place around the country over the death of George Floyd is an opportunity to learn important lessons. We should ask ourselves what should be learned from the social turbulence. I have an opinion or two on the matter.

    The act of protesting is a constitutional First Amendment free expression right. Acts of protests in this country were launched against the King of England over taxation. The suffrage movement was brought about through civil disobedience. The civil rights movement used peaceful means to draw attention to discriminatory practices. Protesting is an American right.

    Like all constitutional rights, the First Amendment has limitations. These freedoms come with the individual responsibility to not harm others in the process. When the government has countervailing interests, one’s individual rights may be curtailed for the good of the public. With this backdrop, let’s explore what we may make of the protests against police violence towards black people.

    I am personally saddened by the mistreatment of black citizens at the hands of those who act with impunity. These acts leave me wondering what message I should reinforce for my son and nephews. After all, police officers are members in our credit union field of membership. I serve on a municipal police memorial foundation board of directors. I am a member of the Sheriff Association. I know first-hand the good our public servants provide in the community. Yet the story is complicated by the conduct of bad actors.

    As a lawyer, father, credit union CEO, law-abiding citizen and Christian, I have multiple perspectives from which I may view the televised reporting of unjustified killings. I could give law enforcement the benefit of the doubt. After all, I was raised by parents who believed citizens should obey governmental authority.

    I could shriek with horror at the notion that our young son could be mistaken for prey by someone with a gun who feels empowered to be his executioner. As an attorney, I could hold out my status as an officer of the court to standby a system that is supposed to be blind to prejudices. I could mind my own business and retreat to the relative safety of my tree-lined neighborhood. Somehow, these mutually contrasting positions feel unsatisfying to me.

    Protests can teach us valuable lessons. Protests awaken in all of us a reaction that should be addressed. First, we observe and learn about the underlying issues that brought about the protests in the first place. Second, we are forced to look at our world and develop an opinion on sides, morality and messages. Finally, we must decide what action we should take. Even if we choose to not react, inaction is a decision.
    Read more

  • Left Out Again: How Credit Unions Can Stop the Widening of the Wealth Gap
    By Adam Lee and Renée Sattiewhite | May 08, 2020

    Credit unions can do more, especially for households of color during the pandemic, to facilitate pathways to financial well-being.

    From the Filene report, “Pathways to Financial Well-being”.

    “Again, blacks were left out of a significant abundance of money and stand a significant chance of losing businesses, homes and other assets. This would be a travesty and continue to widen the wealth gap we are so desperately trying to close.” Renée Sattiewhite and I had a passionate conversation, filled with both confusion and rage, that started with this comment.

    When we tell credit union colleagues that the co-authors of this article are good friends, we’re often faced with puzzled looks. Take a look at us on the surface. Renée is a black female, born in Lockhart, Texas (near Austin), and a powerful CEO of the African American Credit Union Coalition (AACUC), a leading advocacy and support organization for credit union organizations that are looking to be diverse and inclusive. I am a white male, born in Oshkosh, Wis., and help credit unions grow by testing innovative concepts as the incubator director for Filene Research Institute. But if you listen into one of our conversations, you will quickly discover what makes us more similar than different. We are both passionate about ensuring credit unions have equal access to products and services to assist their membership, and that they are equipped to serve the most financially vulnerable in their community.

    During our recent conversation, we talked at length about how the most visible difference between us – the color of our skin – is one of the most shocking predictive indicators of how we are likely faring under the COVID-19 pandemic. While Renée and I are both fortunate to be managing under current conditions, those who reflect the color of our skin nationally do not share this common outcome, neither before nor after the start of the COVID-19 pandemic.  Read more

  • What’s In A Name: Vice President For Corporate Partnerships & Advocacy
    March 16, 2020 By Marc Rapport -

    Air Force veteran and longtime ABECU executive Larry Sewell helps Together Credit Unionmove onward and upward.  After 80 years carrying the name of its original and still largestsponsor, Together Credit Union ($1.8B, St. Louis, MO) has a new brand but an old hand helpingensure critical relationships continue to grow and thrive. 

    Larry Sewell became vice president for corporate partnerships and advocacy at the formerAnheuser-Busch Employees’ Credit Union in 2017 after 22 years as the venerable institution’svice president of training and development.

    With 16 years of Air Force service under his belt, Sewell was already a veteran when he joinedthe credit union in 1995. Now, more than two decades later, the longtime planner, facilitator, andtrainer has been charged with ensuring Together builds on its role as a provider of responsible,reliable financial services to its nationwide membership and as an advocate for the credit unionmovement on a state, local, and federal level.  Read more

  • African American, Latino groups partner to advance credit union diversity
    February 27, 2020 By Aaron Passman - CUJournal

    A new coalition of industry groups aims to boost credit unions’ commitment to diversity, equity and inclusion.  

    The Network of Latino Credit Union Professionals and African-American Credit Union Coalition this week announced their intention to collaborate in order to better offer CUs and industry groups “actionable strategies and wise counsel” to advance DEI issues.

    The two groups will be joined by Inclusiv in order to help “ensure that the members of credit unions are serviced by people that look like they do and have similar life experiences.”  

    Participants are planning to hold mini summits on these topics during AACUC’s annual conference in Florida later this summer and Inclusiv’s conference in May in Puerto Rico.  Read More

  • Diversity Lacking Among Credit Union CEOs
    02/26/2020 By Ray Birch-CUToday

    While African-Americans are making progress in advancing to more leadership positions within credit unions, there is still much more “work to be done,” according to Lynette Smith.

    Smith, who is African-American, leads the $125-million TruEnergy Federal Credit Union in Springfield, Va.  She says to gain a better understanding of her assessment, all one has to do is look at credit union members across the nation.  Read More

  • Senate honors legendary Capitol Hill staffer Bertie Bowman

    The Senate honors legendary Capitol Hill staffer Bertie Bowman and Fox News names him Power Player of the Week.  

    Both videos are posted below for your viewing pleasure as we celebrate Herbert "Bertie" Bowman's legendary accomplishments. 

  • AACUC Announces DEI Partnership with NLCUP #DEI Tuesday
    SNELLVILLE, GA – February 24, 2020

    The Network of Latino Credit Union Professionals (NLCUP) and the African-American Credit Union Coalition (AACUC), will be announcing their DEI Partnership on #DEI Tuesday, February 25, 2020, during NLCUP’s Networking Reception and AACUC’s Networking Meeting and Hall of Fame Induction Ceremony during the Credit Union National Association’s CUNA) Governmental Affairs Conference in Washington, D.C.

    Both organizations were created to ensure that the voices and perspectives of the Latino and African American cultures are distinct and present throughout the credit union industry. To date the industry has little data on statistics of people of color in leadership positions at credit unions in the board room or in the “C” suite. The absence of research documenting the numbers of “minorities” in positions of authority is an opportunity for credit union leaders and decision makers to come together to embrace and adopt the 8th Cooperative Principle – Diversity, Equity and Inclusion penned by Maurice R. Smith, CEO of Local Government FCU and Civic FCU, AACUC Board Member and first African American Chairman of CUNA.

    AACUC and NLCUP will be focusing their combined efforts to provide actionable strategies and wise counsel to credit union organizations that are intentional about the credit union industry providing Diversity, Equity and Inclusion in a meaningful way.

    Too often organizations set up a task force that has individuals doing a lot of talking, however, the needle doesn’t move to affect change. AACUC and NLCUP will hold their organizations accountable and continue to ask the hard questions that will help to move the credit union movement forward.

    Inclusiv, (formerly known as the National Federation of Community Development Credit Unions) is also joining NLCUP and AACUC in their combined effort to ensure that the members of credit unions are serviced by people that look like they do and have similar life 

    Financial freedom, independence and access to appropriate products and services are of paramount concern and focus for all three organizations. Mini Summits will be held in May at the Inclusiv Conference in San Juan, Puerto Rico and in August at the 22nd Annual AACUC Conference in St. Petersburg, Florida.  For more information on how you can join this effort send an email to We invite you toWalk the Talk on #DEI Tuesday.


    • Inclusiv's mission is to help low- and moderate-income people and communities achieve financial 

      independence through credit unions. 

    • NLCUP’s mission is to serve and empower the Latino Community with financial & development services.

  • African American Credit Unions Black History Month: 2020 Edition

    In honor of Black History Month, Inclusiv and the African-American Credit Union Coalition produced a 
    campaign celebrating African American credit unions, highlighting personal stories that exemplify the many 
    ways in which African American credit unions help build prosperous communities and diversity strengthens 
    our movement. Read More

    Click here to download the 2020 African American Credit Unions Build Strong Communities Black HistoryMonth e-book.

  • Partnership aims to reshape credit union leadership by 2030
    February 13, 2020 - By Melissa Angell

    An ambitious new partnership aims to reshape credit union leadership demographics within the next decade.

    They’ve got their work cut out for them.

    The African-American Credit Union Coalition and Humanidei – a diversity-consulting firm launched by two of the industry’s highest-profile female leaders – have unveiled a goal to ensure women and people of color represent 30% of C-suite and other key leadership positions in the movement by 2030.  Read More

  • AACUC Announces African American Credit Union Hall of Fame Honorees
    Monday, February 3, 2020 - Snellville, GA 

    The African-American Credit Union Coalition (AACUC), will be inducting three credit union leaders into its Hall of Fame during an induction reception at the Credit Union National Association Governmental Affairs Conference (CUNA GAC) in Washington DC, Tuesday, February 25. Dr. Willie Bryant (posthumously), Herbert “Bertie Bowman” and Mike Mercer.

    Bryant was a civil rights activist and volunteer at Rockland Employees Federal Credit Union for over 20 years.  He was also a founding member of the AACUC and the first Chairman of the Reaching Toward the Future Internship Program.

    Arriving in the nation's capital in 1944, Herbert “Bertie” Bowman is the longest-serving African-American staff member on Capitol Hill. From sweeping the steps to working in the coffee shop and the Capitol barbershop—Bowman held several jobs in the Senate, ultimately rising to become assistant hearing coordinator for the U.S. Senate's Foreign Relations Committee, one of the most powerful committees in Congress. He has been a board 
    volunteer at United States Senate Federal Credit Union since 1975.

    Mercer recently retired as the CEO of the League of Southeastern Credit Unions & Affiliates. In this capacity, he was responsible for providing leadership for trade association services across a three-state footprint to include Alabama, Florida and Georgia. Mercer represented the interests of credit unions in numerous ways for almost four decades.

    “We are excited to induct these great contributors to the credit union movement,” said Adrian Johnson, AACUC Chairman of the Board.The Induction will be held at the Marriott Marquis in Downtown, Washington DC during the AACUC Networking Meeting Reception.

  • Member Spotlight: At DC Credit Union, financial wellness is a right, not a privilege

    The first spotlight guest, written by Margaret Lund, features DC Credit Union and is based on an interview with its CEO, Carla Decker.  Read More

  • African-American Credit Union Coalition and Humanidei Partner to Add Diversity to CU Leadership
    Thursday, January 30, 2020

    The African-American Credit Union Coalition (AACUC) and Humanidei have announced a strategic partnership designed toincrease the diversity of credit union leadership across the system.

    Humanidei, a human capital strategies firm, has set an ambitious goal to help credit unions reach 30 x 30: 30 percent of key leadership positions in the credit union movement held by women and people of color by the year 2030.  AACUC is building According to the Credit Union National Association (CUNA), approximately 95 percent of all credit union CEO positions are held by white professionals, and fewer than 15 percent of credit unions with assets over $1 billion are managed by women. Other sources indicate that 10 percent or fewer of all credit union board chair positions are held by people of color.

    Humanidei believes that it is critical to bring more minority candidates into consideration for leadership positions. The industry is striving to benefit from the value added through diversity in leadership — leadership that is more representative of the population the industry serves.

    The partnership between the organizations will offer individuals increased access and referrals to key job openings, consulting services to prepare for candidacy, and education to expand leadership potential. Organizations will have access to expanded talent pools, succession planning services, and human capital planning that will tap into external and internal talent.

    “Clients who work with Humanidei choose us because they are interested in tapping into a diverse and rich pool of talent for succession planning, internal development, and organizational growth,” said Jill Nowacki, president and CEO of Humanidei.  “Our partnership with AACUC will help further connect us to top talent in the credit union space that will boost our clients’ performance and the strength of our industry.

    Through the partnership, both individual and organizational members of AACUC will have discounted access to Humanidei’s services, including candidate coaching, succession planning, executive searches, and human capital planning. AACUC will also provide referrals for Humanidei’s executive recruiting service, helping build more richly talented and diversified candidate pools.

    I am thrilled to offer this value-added service to our membership and excited about what this can lead to for the credit union 
    movement,” said Renee Sattiewhite, president and CEO of AACUC. “Our organization is growing with many strong, qualified leaders. This artnership is a great example of a credit union partner organization ‘stepping up.’ Humandei will offer tools to 
    help credit union professionals continue building their careers, as well as assisting credit unions in gaining access to more of the best talent available.”

    Visit the AACUC and Humandei websites for more information.

    Contacts:Jill Nowacki, President and CEO of Humanidei + O’Rourke — jill@humanidei.comRenee Sattiewhite, President and CEO of AACUC —

    HumanideiHumandei was founded in July 2019 to help credit unions win the war for talent by creating more inclusive cultures where all humans can bring their best selves to work. Humanidei’s executive search division, O’Rourke & Associates, has been the gold standard for executive recruiting in the credit union space for over 35 years.

  • United States Senate FCU joins $1 billion-asset club
    January 08, 2020, By Melissa Angell

    United States Senate Federal Credit Union has crossed the $1 billion-asset marker.

    The Alexandria, Va.-based credit union announced Wednesday that it achieved the asset milestone in last fall,on the eve of its 85th anniversary year.

    “Reaching the $1 billion mark is a special accomplishment for the credit union," President and CEO Timothy Anderson said in a press release. “We would have never been able to accomplish this without our board, hardwork and dedication of our employees, and the trust and loyalty of our members.”

    Anderson officially started on Jan 1. after being appointed interim CEO last summer.  Read More

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