Hubert Hoosman used his remarks to thank long-term supporters and call credit union to look past credit scores when making loans.
Children provided an urgent and charming backdrop to the National Credit Union Foundation’s 2013 Herb Wegner Memorial Awards dinner as the foundation recognized programs and individuals whose lives and careers have been involved with young people.
The event recognized Credit Union Miracle Day, along with Hubert Hoosman Jr., CEO of Vantage Credit Union and Rick Craig, retired CEO from America First Federal Credit Union.
Giving the Herb Wegner Memorial Award for Outstanding Program to the Credit Union Miracle Day highlighted the impact that a little physical activity can have in the lives of sick children and the organizations and facilities dedicated to helping them recover.
Credit unions have long supported the Children’s Miracle Network, a collection of hospitals dedicated to researching childhood illness and providing treatment, often free of charge, to sick children across the country. Credit Union Miracle Day is one of the mechanisms credit unions have used to advance their support through a program called Credit Unions for Kids.
Juri Valdov, long time credit union executive and industry leader serves as chairman of the Credit Union Miracle Day effort and accepted the award on behalf of the organization.
In his remarks, Valdov recalled how he and long time credit union industry leader Bill Brooks had initially thought it would not be that difficult to organize the organization’s first race, the Credit Union Cherry Blossom Ten Mile Run in Washington in 2002.
“We imagined we could show up and put this thing together a couple of weeks before,” Valdov said. “But we soon learned that it took a good deal more than that.”
Since then, the organization has seen its original race grow to become one of the signature springtime events in Washington and has added similar races in Sacramento, Calif., as well as in the army bases.
Hubert Hoosman won recognition with the Herb Wegner Memorial Award for Individual Achievement for his leadership efforts both as CEO of the 100,000-member $702 million Vantage Credit Union as well as with the African American Credit Union Coalition.
The award recognized that Hoosman had risen through the ranks at the credit union for 30 years, taking the reins at the institution in 1994. His leadership has been characterized by programs the credit union launched to help financially underserved and lower income areas nearby and to reach out with internships and other programs aimed at young adults in its field of membership.
In his remarks, Hoosman expressed gratitude to a wide range of supporters, colleagues and other executives who he said had mentored him over his career and he urged credit unions to refrain from making loan underwriting decisions solely on credit scores.
Former CEO and executive Rick Craig’s own children and grandchildren helped bolster the theme of supporting children during the presentation of his Herb Wegner Memorial Award for Lifetime Achievement.
Craig’s award recognized his long work on different credit union organizations as well as his exemplary work at political organizing as he helped America First and other credit unions in Utah fend off political attacks from the banking lobby in that state.
