X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN, Texas — Funeral services were held recently for Larry Strong, CEO of the $485 million Velocity Credit Union, who died of an apparent heart attack Nov. 23. He was 61.Strong served the $425 million CU for more than 30 years, assuming the role of president and CEO in 1988. It was under Strong’s leadership that in 2003, the CU, one of Austin’s oldest, changed its name from Austin Municipal CU to Velocity CU.Though retaining the CEO title, last January Strong gave up the president’s title to Debbie Mitchell, chief operating officer.The CU noted that under Strong’s leadership in August 2006, Velocity CU became the eighth CU in Texas to earn the Texas Credit Union League’s Juntos Avanzamos (Together we Advance) designation demonstrating its commitment to helping Austin’s unbanked and underserved communities.“Larry never hesitated to give praise when praise was due, to criticize when it was deserved, or speak his mind on any number of issues. You always knew where you stood with him and he was an honorable man,” said Mitchell. “He made a huge impression on me as my friend and mentor for the past 24 years and I miss him deeply.”“He was my friend for 35 years, and he was an action-oriented man. He lived by one of his favorite sayings: Lead, follow or get out of the way,” said Grady Chandler, Velocity Credit Union Chief Financial Officer.Strong served in the U.S. army from 1967-1968, including a tour in Vietnam. One of his proudest accomplishments was being the first recipient of the Award of Excellence from the Credit Union National Association Management School at the University of Houston.–[email protected]

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.