MADISON, Wis. – Herbert H. Hoosman, Jr., president of Vantage Credit Union in Bridgeton, Mo., has been named winner of the 2013 Herb Wegner Memorial Award for Individual Achievement by the National Credit Union Foundation.
A native of East St. Louis, Ill., Hoosman joined the then Educational Employees CU in 1982. Over the 30 years that have followed Hoosman has held several positions as he advanced through the management ranks, including Loan Department Manager, Branch Manager, VP- Operations and EVP. Hoosman was named president/CEO in 1994. Since joining Vantage, Hoosman has been part of growth to nearly $700 million in assets from $34 million.
“Hubert Hoosman’s dedication to moving the credit union world forward is also visible in all of the local, regional, national and international endeavors in which he has been involved,” said NCUF Awards & Recognition Committee Chairman Bob Schumacher. “He is truly a renaissance credit union leader and deserving of the 2013 Herb Wegner Memorial Award for Individual Achievement.”
Hoosman is being recognized for numerous efforts related to education, including partnering with East St. Louis High School officials in providing job opportunities, and summer internships for college students through the African American Credit Union Coalition. Hoosman also took the lead nationally with credit unions in helping to recognize Dr. Martin Luther King, Jr., by raising funds for a national monument that now stands in Washington, D.C. Separately, Hoosman has also been very active in the AACUC and in supporting America’s Credit Union Museum and various efforts with the World Council of Credit Unions’ International Development Education Program. Following the hosting, Hoosman often becomes a mentor for the individuals.
Hoosman will be honored during the Herb Wegner Memorial Awards dinner at the Grand Hyatt Washington Hotel on Feb. 25, 2013.