For its role in helping to create more jobs, Iowa Gov. Terry Branstad recently recognized Dupaco Community Credit Union’s business lending efforts.
Uncontrollable environmental factors such as stiff competition, low loan demand and regulatory changes have posed challenges for CUs looking to grow. But some are managing to do just that. Here’s how three credit unions, two in Oklahoma and one in Iowa, achieved growth in the midst of a recession.
Hoefer at Dubuque CU for 47 years; successor COO Joe Hearn there for 25 years.
Garden Savings Federal Credit Union, Parsippany, N.J., has announced the promotion of Robert Anselmo to chief retail officer. Anselmo has more than 18 years of experience in the financial services industry including the past four at Garden Savings, where he served as vice president of retail sales and service.