WASHINGTON — NCUA Vice Chairman Rodney Hood helped the $10.5 million Georgetown University Alumni and Student Federal Credit Union celebrate its 25th anniversary and recognition as the largest student run CU in the country.
"I believe it is essential for the long-term success of the credit union industry that it start grooming its future leaders while they are still in school and are able to seek courses and internships that will prepare them for a career in credit unions," Hood told the CU.
The vice chairman was also there to solicit best practices from the Georgetown credit union program to incorporate into his Blueprint 2020 Initiative. Through this initiative, Hood has been working with a group of credit union and university leaders to develop a program that fosters future credit union leadership. The goal is to draft a framework that can be used to attract well-trained and highly competent new credit union employees, board members, supervisory committee members, and credit committee members.
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"It is critical that as the competition for talent in the financial service industry increases, credit unions recruit younger members for leadership positions to continue the progress and growth of the credit union industry," said Hood.
"Seeing first-hand the progress GUASFCU has made during the course of the past 25 years is incredibly inspirational. This institution remains entirely student-run; currently, with over 150 interns. This unique operation has helped to spread knowledge of the philosophy and mission of credit unions and raise the awareness of the careers available in this industry."
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