Hubert Hoosman Jr., the African-American credit union advocate who led a nationwide credit union effort to raised funds for a national monument in Washington, D.C., recognizing Martin Luther King Jr., has died.
Hoosman, former president/CEO of St. Louis-based Vantage CU, was killed in a car crash July 3 in Spanish Lake, Mo. He was 60.
Hubert Hoosman Jr.
“It will be difficult to find another person as dedicated to the credit union industry and his community as Hubert," said Judy Hadsall, board chair, Heartland Credit Union Association, and president/CEO of CU Community CU, Springfield, Mo."He believed and lived the 'people helping people' philosophy every day. His efforts are seen in St. Louis, nationally and even internationally through his work with the African American Credit Union Coalition, which he was a founder, as well as other countless efforts. He was a friend to all, supporter of economic justice and advocate of financial literacy. We lost a truly special person.”
Hoosman channeled his credit union's resources to battle poverty in East St. Louis. He spearheaded efforts to bring credit union services to embattled neighborhoods. Vantage CU partnered with local high schools to create a work-study program in which employees of Vantage CU participated with students in mock job-interview exercises, providing interviewing skills and job leads for students seeking employment after graduation.
Vantage CU offered internships to University of Missouri-St. Louis students through the African American Credit Union Coalition's (AACUC) "Reaching Toward the Future" program. Several interns have gone on to work full time in credit unions.
He led credit unions nationwide in raising funds for a national monument in Washington, D.C., to recognize King. In 2006, Vantage CU donated $50,000 to fund the monument. Working with AACUC, Hoosman secured the support of 134 credit unions, 13 credit union leagues, 3 corporate credit unions, industry trade associations, and 6 credit union service organizations nationwide to support the effort.
In 2013, he was honored with the Herb Wegner Memorial Award for Individual Achievement from the National Credit Union Foundation.