Cornerstone FCU Names Longtime Board President to CEO Role
CARLISLE, Pa.—Cornerstone FCU has named Samuel Glesner as its new CEO, replacing retired CEO David Keffer.
Glesner brings more than two decades of experience to the helm, having spent more than 20 years as Cornerstone's former board president. A release from the credit union cited Glesner's strengths in leadership, team building, communications, sales support, strategic planning, technology and marketing, along with well-established ties to the community, as ways he will help strengthen the CU's presence in Cumberland County and the surrounding area.
"The board of directors is grateful to Dave for providing growth and stability to cornerstone for many years," board president Rich Love said in a statement. "We look forward to Sam continuing and building upon this success as the credit union moves forward with a fresh set of eyes, new ideas and a different skill set."
Cornerstone FCU serves more than 10,500 members with $98 million in assets across three branch locations. The credit union saw a net income of $219,000 during the first three quarters of 2014, on track to meet or exceed its 2013 net income of $251,000. Its most recent Call Report—for September 2014—shows just under $65 million in loans on the books, about two-thirds of which is concentrated in real estate lending.
WOCCU Calls for Nominees for Int'l CU Movement's Highest Honor
MADISON, Wis.—The World Council of Credit Unions (WOCCU) is calling for nominations for its 2015 Distinguished Service Awards.
The awards, to be handed out at the World CU Conference in Denver this July, recognize individuals and organizations that have provided outstanding service to credit union development outside their home country. It is the highest honor bestowed by the international credit union movement.
"For nearly 30 years, World Council has presented the Distinguished Service Award to pioneers for enhancing the international credit union movement," WOCCU president and CEO Brian Branch said in a statement. "Their mission to expand and strengthen financial inclusion beyond their country's borders deserves the most prestigious recognition."
Rather than be awarded annually, the DSA is presented based upon the achievements and worthiness of the candidates, as determined by the review of the award committee This year's recipients will receive complimentary conference registration and one free companion registration for the 2015 World CU Conference in Denver.
In order to be eligible, individuals and organizations must have furthered WOCCU's vision of "building a global community" through their activities and achievements. Men or women whose actions have benefitted global CU development may be nominated, as well as institutions, organizations and agencies that have provided finical or technical assistance developing international CU movements and their infrastructures over an extended period of time.
Nominations must be made by WOCCU member organizations and are due by March 9, 2015. More information, including nomination forms and criteria, as well as a list of past winners, is available at www.woccu.org/dsa.
UniWyo FCU Buys 2 Floors In Former Bank Building
LARAMIE, Wyo. — UniWyo Federal Credit Union on Monday finalized the purchase of the first two floors of the former 1st National Bank building on Grand Avenue here.
In the last 10 years UniWyo has grown from $121,000,000 to more than $255,000,000 in assets and currently has over 50 employees. According to Larry Knopp, the CU's president and CEO, the property became available just as the management and board were discussing the need for more space. "UniWyo's growth over the past four decades has required expansion and a new facility about every 10 years. We built our main branch at 1610 E. Reynolds in 2005, so this opportunity came at just the right time," he said in a statement.
Renovation of the new branch will begin immediately, with an expected completion date in the fall. The expansion will permit increased member services, as well as a call center.
Berry Takes Over For Fogle As CEO Of Duke University FCU
DURHAM, N.C. — Daniel Berry is the new CEO of $113 million Duke University Federal Credit Union here.
The CU's board said it performed an "extensive, nationwide search" before selecting Berry from within the organization. Berry came to the credit union as chief financial officer in 2001. He has served as chief operations officer since 2002.
Berry succeeds Lee Fogle, who retired in December after almost 18 years as CEO.
Board Chair Mimi O'Brien said in a prepared statement, "Dan exemplifies excellence in credit union leadership. He has the right combination of skills and experiences to ensure a strong future for Duke Credit Union, and the board is delighted to have him at the helm."
In 2008 Berry was named "Professional of the Year" by the National Association of Federal Credit Unions. Duke noted he has served on the board of a number of organizations, including Management Association of Carolinas Credit Unions, North Carolina Council of Credit Union Executives Society, North Carolina Credit Unions Council/Tarheel Chapter, Carolina Credit Union Services, Greater Greensboro Chrysler Classic, Friedens Lutheran Church, and Duke Toastmasters.
ABECU CEO Plans Retirement After 23 Years At The Helm
ST. LOUIS—Dave Osborn is set to retire from the role of president and CEO at Anheuser-Busch Employees' CU after 23 years at the helm.
Under Osborn's leadership the credit union grew from $253 million in assets to more than $1.4 billion, and more than doubled its number of branches.
"through his dedication to helping our members reach financial success, Dave has led the credit union through landmark growth and success," EVP Dan Vogler said in a statement. "We appreciate his leadership, dedication to the communities we serve, and development of the credit union's culture, and he will be missed dearly."
Osborn led the addition of ABECU's American Eagle CU division in 2001 and, earlier this year, the Purina CU division. Under his tenure the CU was recognized as one of the St. Louis Post Dispatch's "Top Work Places" for 2014.
Osborn is set to retire in March, and ABECU's board has announced that he will be succeeded by Robert McKay, EVP/COO of Illinois's Baxter CU.