RANCHO CUCAMONGA, Calif. — Water and Power Community Credit Union CEO Carl Stewart has been named board chairman of the Richard Myles Johnson Foundation, the state foundation for credit unions in California and Nevada.

Mike Gomez, CEO of Fiscal Credit Union, and Sheri Ledbetter, vice president of corporate affairs at Western Corporate Federal Credit Union, were named vice chairman and secretary, respectively.

Immediate past Chairman Debra Grisamer, CEO of Alta Vista Credit Union, has served on the board for more than 11 years and as chairman since 2004. She will remain on the board until her term expires at the end of the year. Stewart and Gomez have served on the RMJ Foundation board since 2002. Ledbetter was elected in 2006.

“Financial education is vital to the future of the credit union movement, and our goal in this coming year is to continue to support quality youth financial literacy programs throughout California and Nevada,” Stewart said.

The incumbent board members are Marie Alonzo, chairman of Arrowhead Credit Union; Sarah Canepa Bang, CEO of Financial Service Centers Cooperative; Bill Cheney, California and Nevada Credit Union Leagues president/CEO; Tony Boutelle, CEO of Credit Union Direct Lending; Mary Cunningham, CEO of USA Federal Credit Union; Kim Hester, executive vice president of network services at CO-OP Financial Services; foundation namesake Richard M. Johnson; and Jim Updike, CEO of Honda Federal Credit Union. Marv Jensen, board member of Episcopal Community Federal Credit Union, serves as board member emeritus.

The Richard Myles Johnson Foundation, celebrating its 50th anniversary this year, is dedicated to providing community service grants to support credit union efforts in spreading financial education to young people. The foundation also provides scholarships for credit union volunteers and staff to attend seminars and conferences to further their educational and professional development.

CUES to Grant Scholarships For Directors
MADISON, Wis. — CUES is lending a hand to directors by providing two partial scholarships for the DLI II program.

The scholarships were created to help directors in their pursuit of knowledge, training and leadership development.

The scholarships each equal one-half of the cost of the CUES director member tuition–or $2,192.50. The remaining tuition, fees, travel and other expenses will be the responsibility of the scholarship recipient.

DLI II, a director-specific curriculum that focuses on strategic leadership, will be held Sept. 15-18, 2008, at the IESE Business School of the University of Navarra in Barcelona, Spain.

Applicants for the scholarship must be a CUES director member, a volunteer or member of the supervisory committee at a credit union and committed to attending the entire program.