Member Directions May 17, 2010

Member Directions

Dahlstrom Announces Retirement from STCU
After 30 years at STCU, including 20 years as its president and CEO, Steven L. Dahlstrom will retire at the end of the year.

Spokane Teachers Credit Union had one branch when Dahlstrom arrived as assistant manager in April 1980 and two branches when the board appointed him president and CEO in January 1991.

Dahlstrom has led STCU through a period of tremendous growth, seeing it become the third-largest credit union in Washington and the 101st largest nationwide. STCU now has 11 branches in Washington and three in Idaho.

Dahlstrom plans to continue his work to strengthen the community, as a board member for Greater Spokane Incorporated, among other activities.

“For 30 years, it’s been my pleasure to serve STCU and our members. We’ve built a team that enjoys working together and takes great pride in meeting needs,” Dahlstrom said. “It’s bitter-sweet to leave. Yet, I know the credit union will continue to thrive with Tom.”

Replacing Dahlstrom is Thomas A. Johnson, who has been STCU’s vice president of administration since 2006 and was an STCU board member for 12 previous years.

On May 3 the STCU Board of Directors approved a succession plan promoting Johnson to executive vice president starting May 24. He’ll become president and CEO on January 1, 2011 – the fourth president in STCU’s 76-year history.

Johnson served as a vice president at Whitworth University from 1989 through 2006.

School Employees Federal Credit Union Votes in Favor of Merging with Numerica
School Employees Federal Credit Union (SECU) membership approved a plan to merge with Numerica Credit Union by an overwhelming majority, 87 percent of those voting.

In March, SECU’s board unanimously voted to adopt a resolution to merge SECU with Numerica.  The vote was then put to the SECU membership and finalized at a special meeting on May 6.  Regulatory approval was also obtained from the State of Washington and the National Credit Union Administration in March.

The merger is effective May 31, 2010, at which time the two credit unions will begin the process of consolidation of data systems and other records. Completion is expected in Aug. of 2010.

Numerica Credit Union currently has over 80,000 members throughout Central and Eastern Washington and Northern Idaho and $997 million in assets.

Hapo CU Opens New Branch
The Seattle Daily Journal of Commerce recently reported that Hapo Community Credit Union has completed its new Yakima branch. Expected to pass LEED certification, the new full service branch was built with sustainable features and uses a prototype design from EHS Design

Yakima Valley Credit Union Celebrates National Credit Union Youth Week
YVCU awarded Franklin Middle School $500.00 in celebration of National Credit Union Youth Week. This year YVCU celebrated Youth Week by offering its services to the kindergarten through high schools of Yakima County to help create an awareness of the importance of financial education.

Horizon Credit Union Earns Award of Excellence Moses Lake School District
Horizon Credit Union (HCU) was honored with an Award of Excellence at the Moses Lake School District’s 17th Annual Excellence Awards Celebration. The event is held every year to recognize people who work or volunteer in the school district.

HCU was nominated by because the credit union has partnered of MLHS’s financial literacy class for two years.

Posted in Events.