GreenState Credit Union
- Iowa's Largest Credit Union -
Steps Up to Support AACUC's Commitment to Change
Today, GreenState Credit Union announced a $25,000 per year pledge for five years totaling $125,000 in support of the “I’ve Got Five on It” campaign, led by Opal Tomashevska, Chair of the Young Professionals of AACUC. Tomashevska accepted the pledge and commented that “We look forward to a strong partnership with GreenState Credit Union, who is certainly taking the lead as a pacesetter with their generous support of the “I’ve Got Five On It” campaign. This GreenState pledge is the first and the largest of its kind.
Jeffrey A. Disterhoft, President/CEO of GreenState Credit Union, said that “AACUC and the Commitment to Change Initiative exemplifies the community service spirit of the credit union movement.” Furthermore, he added, “So many of our neighbors and members are hurting in 2020, first from the health crisis and economic crisis of the COVID-19 pandemic, but also from the pain of racial discord in our society. With the Commitment to Change Initiative, credit unions are united with one voice to make a positive impact in the communities that we serve.”
Renée Sattiewhite, President/CEO of the African-American Credit Union Coalition (AACUC) agreed with Disterhoft, by adding “Credit Unions were founded on Cooperative Principles, because of the credit union motto and credit union philosophy of ‘People Helping People’ – we truly believe that Credit Unions can lead our nation in eliminating racial discrimination. We at AACUC are convinced that the first order of business is for communities of color to become economically self-sufficient, and financial inclusion is at the core of what we do.”
GreenState Credit Union is the largest credit union in Iowa with assets totaling $6.8 Billion and providing banking services to more than 240,000 members. GreenState membership is open to anyone living or working in Iowa, or nearby counties in Illinois, Wisconsin, Nebraska or South Dakota. For more information regarding GreenState Credit Union and AACUC please visit: www.greenstate.org and www.aacuc.org.
To learn more, participate in and support the “Commitment to Change” initiative, please contact Renée Sattiewhite at firstname.lastname@example.org.
Eric Gibbs, Jr.
Black Recruitment Tops Agenda
for African-American CU Coalition's New Chair
Larry Sewell, chairman of the African-American Credit Union Coalition and vice president for corporate partnerships and advocacy at Together Credit Union
Larry Sewell is taking over as chairman of the African-American Credit Union Coalition during a time of massive social upheaval.
Demonstrators have taken to the streets for months to protest the treatment of Black Americans after George Floyd died while in police custody in May. As a result, the country is paying greater attention to issues of race and social justice.
Different organizations within the credit union industry have created their own initiatives to help combat racism. The African-American Credit Union Coalition has been at the forefront of this by launching Commitment to Change: Credit Unions Unite Against Racism, which will focus on promoting diversity, equity and inclusion.
More than 1,000 people registered to participate in its Commitment to Change conversation series last month. The event’s purpose was to encourage those within the industry to think more about diversity and inclusion.
Sewell, vice president for corporate partnerships and advocacy at the $2 billion-asset Together Credit Union in St. Louis, will help oversee Credit Unions Unite Against Racism and other efforts during the next year. He believes the industry needs to be more intentional in its efforts to reach underserved communities and in recruiting Black leaders to serve in the C-suite.
“If I’m a CEO and I look around and I am of a certain race and everyone looks like me, then I need to make a conscious decision to make that change,” Sewell said. “I need to step out and get out of my comfort zone, and recruit and hire someone who will bring even more value to my credit union.”
The following is an edited transcript of a conversation with Sewell.
What are your priorities for the next year as chairman of the African American Credit Union Coalition?
First and foremost, we will keep the Commitment to Change ongoing — Credit Unions Unite Against Racism. We will continue that initiative throughout this year and probably into next year. We have received such outstanding support and recognition from credit union leaders throughout the country. That’s very encouraging to us.
I’m very proud that the African-American Credit Union Coalition was the organization to step up to get these national conversations going… Now it has gotten to the point where more people are recognizing [how Black Americans are treated] because they are seeing it. In the past, it wasn’t seen.
There has been a greater focus on serving traditionally underserved communities. How can credit unions do a better job of that?
No. 1 is making a commitment to get more involved and doing a better job, and then holding ourselves accountable once we make the commitment. Those words sound easy to do.
The majority of credit unions are fairly small and they are in smaller communities. The challenge for credit unions is keeping those smaller credit unions open and viable. That’s really important. Not every credit union is a $1 billion[-asset] credit union. They might be a $10 million or a $5 million[-asset] credit union.
I think that’s where we can make a difference and make an impact – by working with those credit unions who need that help and support to remain viable in their local communities. One of the ways that the African-American Credit Union Coalition can help with that is to provide mentors to smaller credit union leaders. We can provide them with a person who is part of a larger credit union [system] to help them where they maybe need help, [such as] picking up the phone to get some advice. How can we provide interns for credit unions so that we are infusing credit unions with young people who see credit unions as a viable career option after they leave school?
We’ve seen some banks, including Bank of America and PNC, pledge money to help fight racial inequality. And Netflix has pledged to make a $10 million deposit in Hope Credit Union. How does the industry make sure these efforts are effective?
Let’s see if people are still making those same commitments a year or two from now. How do we ensure that isn’t just lip service or what’s popular right now? Once an organization has made a statement, then see if they put action behind the statement.
That can be different for every financial institution, but in a lot of ways it will be the same. What types of products may I offer if I’m going to target an underserved community? How do I redirect people away from payday lending facilities or title companies?
I should be offering the type of products that will attract people to that financial institution instead of going and paying an outrageous loan rate at a non-traditional financial institution. We have to keep people away from mortgaging their futures if they need to borrow $500 to take care of a household expense. We need to gain their trust. If you gain their trust, they will be more apt to come to you the next time.
Rodney Hood as chairman of the National Credit Union Administration has talked about the racism he has faced in quite personal terms. Do you think that’s helping to move the needle and spur difficult conversations?
Chairman Hood has a tremendous role. But when he’s stopped by a police officer, they don’t ask his occupation. They just see an African American man. They don’t see Rodney Hood, chairman of the National Credit Union Administration, appointed by the president of the United States.
As he shares his vulnerability, as an African-American man myself, I can relate to what he shares. Can he make a big difference? Yes, he can and he is. Once people share personal stories, they become more relatable.
People grow up and have been taught all kinds of things. Assumptions are made. Stereotypes are made. Biased thoughts come into play. Those are the type of things that have to be eliminated and who knows when that will happen. But we have to try.
Let’s remember the Civil Rights Act was only enacted in 1964. That’s about 56 years ago. That’s during a lot of people’s lifetimes. And that was just the law. The behavior and attitude of some still hasn’t changed.
Within the credit union industry, those who are CEOs and in leadership positions remain overwhelmingly white. How can credit unions encourage more diversity among leadership?
Of the [almost 5,200] credit unions, we have approximately 170 African-American CEOs and 100 of those are African-American women. I think there were six or seven African-American CEOs of the 300 or more $1 billion-[asset] credit unions. Those are really low numbers.
How can we improve those? People who are in current leadership positions have to be open to having more access for people of color and also women. The women representation is much better. But if talking just about ethnicity, we need people who are currently in leadership roles and board members who are willing to step outside the box and look around the conference table and see if the leadership is representative of the membership.
If there is an imbalance there, there needs to be a strategy to better balance that. Sometimes that has to be an intentional act. We make the decision and execute it. It might mean recruiting at places where we don’t normally recruit. It might mean going to African American universities and colleges and specifically recruiting those bright smart students who are ready, willing and able to work in credit unions.
It might mean going to businesses that are minority-owned and, if the owners are within the field of membership, asking them to volunteer and serve on our boards. It is maybe in an associate or internship capacity initially, but we make access possible through that. Then when we have board openings, we have a bench we can draw from.
Let’s keep in mind, no organization needs to compromise or lower its expectations to hire someone of a different color or gender. You aren’t settling; you are probably improving. There are outstanding people of color ready, willing and able to do outstanding jobs. They are just looking for an opportunity.
The AACUC Announces 2020– 2021 Executive Committee and Two New Board Members
August 20, 2020, Laila Lauson, Snellville, GA
Larry D. Sewell appointed as Chairman of the Board
The African-American Credit Union Coalition elected the Executive Committee for 2020 – 2021 immediately after their
21st Annual Meeting that was held virtually during the Virtual Conversation Series that was held in August10 – 14, 2020.
The African-American Credit Union Coalition (AACUC), Board of Directors elected Larry D. Sewell, VP Corporate Partnerships & Advocacy, Together Credit Union, St. Louis, MO, Chairman of the Board. Maurice R. Smith, CEO of Local Government FCU and CIVIC FCU, has been elected as Vice Chairman. Tracey Jackson, CFO of ResourceOne FCU, has been elected as Treasurer and to complete the Executive Committee appointments, Marvin York, Vice President, Contact Center Member Engagement at PSCU was elected as the Board Secretary. The other board members are: Timothy L. Anderson, President/CEO of United States Senate FCU, Priscilla Awkard, VP of the Teller Center at Coastal Credit Union, Adrian Johnson, SVP/CFO at MECU Credit Union, Ed Presnell, Regional Business Executive at Peach State FCU, and Lynette W. Smith, President/CEO of TruEnergy FCU. Newly elected board members are: Whitney Anderson-Harrell, CCDO, Michigan State University FCU and Gary J. Perez, President/CEO of USC Credit Union.
Sewell commented, “I am excited that we have expanded the Board of Directors from 9 members to 11. Whitney Anderson-Harrell and Gary J. Perez will complement the organization. I am humbled by Chairman appointment. I look forward to working with our Executive team, talented group of Board members and President/CEO to continue to bring AACUC into the forefront of the credit union industry in the diversity & inclusion discussion and engagement.”
Larry D. Sewell is Vice-President of Corporate Partnerships & Advocacy at Together Credit Union. He has been active in the Credit Union industry for more than 25 years, previously holding positions as the Vice-President of Training & Development as well as the Vice-President of Corporate Culture & Talent, all with Together Credit Union. Prior to joining ABECU, Larry was a Commissioned Officer in the United States Air Force. He retired from the Air Force with the rank of Major after serving for 17 years. Larry obtained his Bachelor of Science in Business Administration from Samford University and two Masters Degrees from the University of Arkansas (Business Management) and Webster University – St. Louis (Information Management). Aside from his activities in the Credit Union industry, Larry is an active member of his community, serving as Commission Chair on the City of O’Fallon, IL Planning Commission.
“Lift Every Voice and Sing”
August 19, 2020, Barbara Presnell
I continue to learn.
This past week, I was privileged to sit in on the 21st Annual Conference of the African-American Credit Union Coalition (AACUC). Normally a week-long in-person conference—last August it was held in Charlotte—this year, the conference was entirely virtual. Attendees could visit workshops, browse the exhibit hall, join chat rooms, and more. So far, in my almost 6 months of Zooming, this conference was the most professional, most varied, and most informative I have attended.
This year’s theme was “Commitment to Change: Diversity, Equity, and Inclusion.” My brother, Edwin, a long-time credit union guy who knows I’m interested in learning about racism, invited me to attend the conference “with” him. Edwin, who has been a member of the organization since 2007, is in the AACUC Hall of Fame, a recognition and honor which makes me very proud.
As a white person attending a majority Black conference, I hoped to learn a lot about being Black in America. Since inclusion is such an important mission of this organization, not once did I feel that I didn’t belong.
Monday’s afternoon workshop was titled “Handing Emotions & Healing a Community.” Leader Jai-Dei Jackson, a Licensed Professional Counselor, began the session describing what she called “invisible emotional wounds” within the Black community. Imagine someone kicking or punching you over and over in the legs or back, but you have on clothes, she said. So, when another person comes along, they can’t see your bruises, and they say, “Why are you agitated? Why are you angry? Why do you have an attitude?”
“Most white people,” she continued, “are clueless to the lived experience of African-Americans. Talking about racial issues is deemed to be inappropriate, too heavy for white people to deal with.” What they do is turn the conversation onto themselves and their perceived guilt or lack of it. “So, if it’s too heavy for them to deal with, we tend not to talk about it.”
The rest of her session was story after poignant story, told by attendees, of times they’d realized their racial identity, times they’d experienced racism and dehumanization, opportunities—or lack of them—to express the feelings that resulted. The stories I heard were shocking, surprising, and familiar. The smallest word, the slightest action—I’ve said them, done them—was hurtful, was memorable, was responsible for a lifetime of pain.
For a writer like me, the message hit home—those stories need to be told. But more importantly, I realized, we white folks need listen.
The week spun on. I sat in on women’s chat sessions and—not to be exclusive—men’s chat sessions. During Friday’s wrap-up session called “Here, Now, Forever DEI [Diversity, Equity, and Inclusion],” I “met” Rodney E. Hood, Chairman of the National Credit Union Association and Charlotte native, who spoke eloquently about the credit union’s continuing role in the fight against systemic racism. Credit unions, after all, were formed to help the underserved populations, and they continue in their mission today.
“Spiritual Saturday” provided for me the closure and confirmation to my learning that I needed. The session began with a 2019 video of the Black National Anthem, “Lift Every Voice and Sing,” performed by the AACUC choir. “Sing a song full of the faith that the dark past has taught us,” they sang. “Sing a song full of the hope that the present has brought us.” So many tears formed on so many Zooming eyes. Next came the Hat contest, and members—even my brother Edwin—donned headgear of all shapes, colors, and varieties.
Michelle Outlaw, a member of the conference committee team, delivered the message. “Speak a word,” she told her audience over and over. No matter your circumstances, speak a word. If you are down on your luck, don’t know where money to pay your next bill is coming from, speak a word. If you’re happy, speak a word. If you’re hurting, speak a word. If you’re angry, speak a word.
Whatever your circumstance, whatever your story, speak a word.
Everyone everywhere has a story, but for so many years, it’s the white story we’ve heard.
On this last day of the AACUC conference, I relearned what I understood on the first day: it’s time for me to listen. It’s time for white folks everywhere to shut up for once and listen. It’s time for our county commissioners to listen. Listen to those stories of pain and injustice and joy. Listen to the challenges and successes of people we live and work with every day. It’s time for change, and here’s how it can begin:
For a change.
AACUC Honors Recipients of the Chairman’s Awards at the Commitment for Change Virtual Event
August 13, 2020, Laila Lauson, AACUC, Atlanta, GA
The African-American Credit Union Coalition (AACUC) recognized five credit union leaders for the Chairman’s Awards at the Commitment to Change Conversation Series. John Cassidy, Eric Gibbs, Sr., James Gukeisen, Kelli Holloway and André Lucas received the esteemed award that honors individuals that best represents a model for other members to emulate and best embodies the purpose and goals of AACUC.
Cassidy is a senior sales market manager for CUNA Mutual Group. Working with associations, leagues and credit unions, he establishes, strengthens and maintains relationships with credit union trade organizations across the U.S. He develops and implements marketing strategies that promote the company's competitive financial services to the credit union industry.
Gibbs is the Credit Manager of the Chicago Post Office Employees Credit Union and the newly elected president of the Midwest Regional Chapter of the AACUC. A Chicago native, his skillset and diverse knowledge base have allowed him to excel in several departments within the credit union, including Lending, Recoveries and Member Relations.
Gukeisen is a 19-year credit union movement veteran from Tampa, FL. He spent 11 years at Suncoast Credit Union where he started in the cash room and worked his way up to Senior Card Services Manager. Gukeisen’s last eight years of service have been at Culaince in various roles and he is now a member of the Credit Union Division of FIS.
Holloway began her career in financial education with State Employees’ Credit Union (SECU) in 2009. As the Vice President, Member Education and Outreach at SECU, she works alongside her staff to train credit union employees statewide on financial education efforts for youth and adults. As a credit union advocate, Holloway understands the importance of making lasting relationships with members, volunteers and the communities credit unions serve.
As the Director of Compliance for the MD DC Credit Union Association, Lucas is highly engaged with credit unions in Maryland and the DC region, consulting on operational issues, policies and procedure development as well as federal and state compliance issues. He trains over 500 volunteers and frontline staff annually on compliance with the Bank Secrecy Act (BSA) and conducts on-site BSA compliance testing. Lucas holds CUNA’s Credit Union Compliance Expert (CUCE), and Bank Secrecy Act Compliance Specialist (BSACS) designations.
The AACUC's 5-part Commitment to Change Conversation 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 and serve communities of color.
To learn more and register, visit
AACUC invites credit union movement and partners to Commitment to Change virtual event
August 6, 2020, Laila Lauson, AACUC, Atlanta, GA
The African American Credit Union Coalition (AACUC) invites credit union professionals and industry partners from across the country to convene for a five-part Commitment to Change Conversation Series. The virtual event will take place August 10-14 and 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 and serve communities of color.
“Commitment to Change is an industrywide movement that seeks to ignite professionals to bring about a more diverse and inclusive workforce, community and country,” said AACUC President/CEO Renee Sattiewhite. “This new virtual format will provide us the opportunity to reach more people and provide value that is both needed and timely in our current socioeconomic environment.”
The weeklong series beginning will feature daily 90-minute virtual sessions led by expert panelists and speakers representing financial services, social justice, mental health and academia. Topics for the discussions 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.
In June, the AACUC launched Commitment to Change: Credit Unions Unite Against Racism. This initiative focuses on unification, education, conversations, and investments that will move the credit union movement into a future where diversity, equity, and inclusion can thrive.
To learn more and register, visit
AACUC Commitment to Change Boosted through Long-term Support from BECU
06/18/2020, Laila Lauson, AACUC, Snellville, GA
The African-American Credit Union Coalition (AACUC) is pleased to announce a commitment from BECU, one of the country’s largest community credit union, of $500,000 over the next five years.
The gift is intended to support AACUC’s mission to:
- Increase the overall interest and strength of the credit union movement in the Pacific Northwest region.
- Strengthen diversity, equity and inclusion with a focus on African Americans in the credit union industry, membership opportunities and
access to training and development.
- Assist in creation of curriculum aimed at addressing wealth equity in communities of color.
- Support the development of a model focused on reaching and building partnerships in diverse communities for large credit unions.
“At BECU, we are committed to bringing people together to improve the financial well-being of our members and their communities, and that includes supporting equitable access to financial tools, education and resources,” said Benson Porter, BECU’s president and chief executive officer. “AACUC’s important work exemplifies the cooperative spirit, of which many credit unions were founded, by bringing the industry together to lead change for communities of color.”
“By partnering with AACUC, we are committed to supporting the collective work to empower our communities through financial education, remove barriers to increase the earning potential of underserved individuals, and promote the personal and professional growth of diverse members and advocates,” said Solynn McCurdy, BECU’s senior vice president of Social Impact. “Only together can we begin to make meaningful impacts and strengthen the financial health of our Black members and communities.”
“Support from corporate partners, like BECU, further an optimistic outlook 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 and the outward Commitment to Change that BECU and its leaders have taken,” said Renée Sattiewhite, AACUC president and chief executive officer
AACUC urges all credit union professionals to see their colleagues through a different lens, especially colleagues of color. Going forward, interaction must consist of empathetic, honest, respectful, and thoughtful discussions that are geared toward understanding not blame.
“I am convinced more now than ever that the credit union industry can lead the nation in eliminating racial discrimination. Credit union leaders do not have all the answers but as practitioners of financial institutions we have a commodity that everyone needs,” said Renée Sattiewhite.
To learn more, participate and support the “Commitment to Change” initiative, visit or email Renée Sattiewhite at email@example.com.
About BECU: With more than 1.2 million members and more than $22.2 billion in assets, BECU is the largest not-for-profit credit union in Washington and one of the top five financial cooperatives in the country. As a member-owned credit union, BECU is focused on helping increase the financial well-being of its members and communities through better rates, fewer fees, community partnerships and financial education. The credit union currently operates more than 50 locations in Washington and two financial centers in South Carolina. For more information, visit www.becu.org.
Mitchell Stankovic Partners with AACUC for GWLN Scholarship
Susan Mitchell, CEO of Mitchell, Stankovic & Associates and founding chair of the Global Women’s Leadership Network for World Council of Credit Unions, has worked toward diversity, equity and inclusion her entire career. Along those lines, the Herb Wegner Lifetime Achievement Award Winner has partnered with the African-American Credit Union Coalition to fund a scholarship to support black female professionals in their leadership journey.
“Advancing women and DEI are two issues that have always been in my blood,” Mitchell said. “They are issues I and others speak about regularly, and I believe in pairing my words with action! To offer a boost and to #StandUp for leadership development opportunities for all. That is why Mitchell Stankovic is establishing this scholarship for black professional women to attend the GWLN’s Executive Readiness Summit.” Mitchell Stankovic is also a member of and donor to the AACUC.
The Executive Readiness Summit is scheduled to take place in Madison, Wis., Oct. 28-30, 2020. The summit provides learning opportunities, networking and personal development for tomorrow’s female credit union leaders. The GWLN Executive Readiness Summit Scholarship is valued at $2,500.
“Susan Mitchell is a tremendous leader in the area of DEI within the credit union community,” Renee Sattiewhite, CEO of the African-American Credit Union Coalition. “The recent social unrest has served as a catalyst for equity in the treatment of minorities, and Sue’s generosity will go a long way toward that goal. We appreciate the opportunity to further advance black leaders in the credit union community and create even greater value and recognition for AACUC members.”
“We live and breathe diversity at the World Council of Credit Unions,” WOCCU President/CEO Brian Branch said. “Elevating women in their personal and professional lives, as well as within their communities, helps stabilize families here and abroad. We’re very happy with the announcement of this scholarship and the continued growth and support of our GWLN program.”
Open Letter on Social Justice
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.
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.
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?
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?
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?
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: https://youtu.be/PZFe8Yd8vb8
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 www.aacuc.org 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 mddccua.org 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 https://www.hopecu.org/transform.
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 CUToday.info 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 CUToday.info 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 CUToday.info 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 firstname.lastname@example.org.
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.
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 www.aacuc.org 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 www.icul.com.
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: http://www.lsc.net.
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 www.aacuc.org.
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, CUtoday.info, 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”.
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.
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
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 DEI@aacuc.org. 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 — Renee 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