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Tag: Credit Unions

Louise McCarren Herring, The Mother of Credit Unions

You might imagine that the early pioneers of the credit union movement were a bunch of middle-aged men in business suits. But what if we told you that one of the youngest standouts among them was a 23 year old woman fresh out of college looking to make a difference. Her

CEO Announces Retirement

Gary Hinrichs was named President and Chief Executive Officer (CEO) of West Community Credit Union (then known as Brentwood Mutual Credit Union) in 1974 – he was one of only two employees. Hinrichs started his credit union career while still in college, earning his degree in Business Administration from the

International Credit Union Day: A Brief History

This is the story of an idea. A simple idea: that people could pool their money and make loans to each other. It’s the credit union idea, and it evolved from the cooperative activities of early 19th century Europe. The first of these cooperatives was an 1844 marketing cooperative organized