Adopting a new method for fundraising for its foundation, the Ohio Credit Union League unveiled last week what it called an innovative vehicle, the William A. Herring Society, to recognize CU directors, CEOs and employees “who have truly inspired this industry” through service and commitment.
Nine CU leaders, including the society's namesake–the president/CEO of Cincinnati Central CU and the son of the pioneering Ohio founder of the movement, the late Louise Herring–were inducted into the society at a moving and emotional ceremony held during the league's annual convention in Columbus.
The society has set up an innovative way to interest individuals and CUs in gift-giving: it asks for $1,000 donations to honor deserving volunteers or CU employees both past and present who have contributed “their passion, integrity and leadership” in ways not previously recognized.
League officials explained that the Herring Society, which already has $50,000 in its treasury, provides the foundation with a new source of revenue during a period when CU donations to the foundations and charities have declined.
“I can't think of a better way in launching the Herring Society by honoring a credit union stalwart who brings so much pride to this industry and who has contributed so much to his own community in social responsibility,” said Tom Furrey, chairman of the Ohio Credit Union Foundation and president/CEO of the $60 million Western CU of Columbus, referring to Herring, a former chairman of the Ohio League and a longtime and retired member of the CUNA board.
“We did fall $20,000 short of our foundation goal last year but we are hopeful that Ohio credit unions can find the society a unique way to honor those individuals who have contributed so much of their talent toward strengthening the industry,” explained Becky Hart, executive director of the foundation.
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
