News & Notes: Here’s What’s Happening Around the Northwest

STCU Hits $2 Billion in Assets

Eighty-year-old STCU continued its growth spurt this year, hitting $2 billion in total assets in November. The milestone coincides with the credit union’s 80th anniversary.

“We’ve grown because of our members and their love for STCU,” said Tom Johnson, president and CEO of STCU. “We’ve reached this height by standing on the shoulders of hundreds of employees and more than 100 board and supervisory committee members who have served STCU since 1934 — all of whom have kept the heart of the member at the forefront of every decision.”

For nine consecutive years, STCU has been named “Best Credit Union” in the Spokane/Coeur d’Alene area in a comprehensive and highly anticipated Pacific Northwest Inlander annual reader survey.

Solarity Delivers Funds & Fun to Yakima Valley Memorial

Solarity Credit Union, along with the Northwest Credit Union Foundation, gave checks totaling $25,709 to Yakima Valley Memorial Hospital last week, and delivered a toy-filled Radio Flyer wagon and a motorized kid-sized car emblazoned with the Solarity logo.

At a recent Northwest Credit Union Association charity auction benefiting Children’s Miracle Network (CMN) Hospitals, Solarity Credit Union bid $10,000 for the wagon. Solarity CEO Mina Worthington specifically designated that the wagon be delivered to the pediatrics department at Yakima Valley Memorial, the local CMN hospital. The check delivery includes the funds from the purchase along with other fundraising and donations provided by credit unions throughout Washington as part of the CMN commitment known across the nation as Credit Unions for Kids.

Solarity is a long time contributor to CMN activities, giving tens of thousands of dollars to the various Memorial Programs over the years. Programs Solarity has contributed to include Memorial’s Golf to Give Classic, Passion for the Village, the Miracle Cup Extra Life Fundraiser, and the Children’s Village Expansion Project.

Columbia Hires New Chief Information Officer

Columbia Credit Union last week announced the hiring of Art Newby as senior vice president and chief information officer. Newby brings 35 years of industry experience to lead the strategic development and management of informational technology and infrastructure at Columbia.

“Technology-based financial services have become increasingly important to our members,” said Columbia President and CEO Steve Kenny. “Art’s knowledge and expertise will be invaluable as we map our future technological growth to meet the evolving needs of members.”

Newby comes from his recent role as chief technology officer at a California financial institution, where we led a company-wide software conversion over 200 servers and 2,300 workstations, and implemented a company intranet.

“Columbia has an excellent reputation as a top financial services provider,” said Newby. “I’m looking forward to using my information technology experience to benefit members and the credit union.”

Questions about this story? Contact James Pearson: 206.340.4790, jpearson@nwcua.org.

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