Following a career in the military, E.C. Williams found his true calling in the credit union movement.
He worked his way up from an entry-level position to become executive vice president/chief operating officer for MacDill FCU (now Grow Financial FCU) and GTE Financial CU, both located in Tampa, Fla. He received the CUNA Lending Council’s Phil Greer Lifetime Achievement Award on Tuesday.
“I discovered I loved the philosophy of credit unions, I loved helping members, and I was passionate about helping other employees strive to achieve their full potential,” says Williams, accepting the award from CUNA Lending Council Chair Bill Vogeney (left) and GTE Financial CU CEO Joe Brancucci (at right).
The Department of Labor will publish its final rule Wednesday regarding employees’ eligibility for overtime pay--a rule which CUNA believes will have unintended negative consequences for credit unions, particularly smaller credit unions and those in non-metropolitan areas.
Further CUNA analysis of the U.S. Department of Labor’s overtime rule found minor relief, but CUNA remains concerned about the increased burden on credit unions. Several CUNA-suggested changes were included in the final rule.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.