KAISERSLAUTERN, Germany — On April 24, NCUA Chairman JoAnn Johnson presented the President's Volunteer Service Award to Gordon A. Simmons, president/CEO of Service Credit Union. President Bush created the Volunteer Service Award in 2003 as a way to thank and honor Americans who, by their demonstrated commitment and example, inspire others to engage in volunteer service.

The $1.25 billion credit union, which Simmons has led for 13 years, creatively serves a dual membership of internationally stationed, enlisted military that is concentrated in Germany and community members in its home state of New Hampshire and nearby Massachusetts.

Simmons took over as SCU's CEO in 1995, when the credit union had only $282 million in assets. Since then, Simmons has grown assets four times over and created a vibrant, growing credit union that isn't entirely immune from economic struggles, but as of March 31, boasts a stalwart 13.36% net worth, is experiencing only 0.29% loan delinquency, and reported a 1.32 return on assets in these tough economic times.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.