Developing Tomorrow's CU Leaders
'I like teaching and developing people.'
Look at Bill Vogeney’s career and three themes emerge—service, education, and financial performance.
Vogeney has served as an officer of the CUNA Lending Council since 2010 and is currently council chair.
In 2011, as part of the executive committee, Vogeney assisted members of the Crashers group—now known as The Cooperative Trust—in their bid to attend the council’s annual meeting. “Getting young people who are passionate about credit unions and lending involved in this experience is very satisfying,” he says.
What initially attracted Vogeney to the council’s conferences was the opportunity to exchange information. “I met great lending professionals, and I love sharing ideas with other credit unions,” he adds.
“Bill is always willing to help credit unions of any size, especially smaller credit unions with fewer resources,” says Aaron Bresko, senior vice president/ chief lending offcer for GTE Financial, Tampa, Fla.
“He shares documents, best practices, and his extensive knowledge when consulting with them on any lending topic,” adds Bresko, previous council chair.
Networking with young professionals reminds Vogeney of his good fortune when he was hired at age 27 as vice president of lending at a $200 million asset credit union nearly 25 years ago.
“It was a great learning experience, although one I wouldn’t recommend for everyone,” he adds.
Currently executive vice president/chief lending offier for $3.7 billion asset Ent Federal Credit Union in Colorado Springs, Vogeney says his lending philosophy and practices helped during the recent recession.
“Looking back, I think we benefitted from making decisions about lending products, underwriting, and strategies that were reasonably sustainable regardless of the economic environment,” he says. “I’ve seen a lot of companies and products perform really well for several years, until some series of events causes turmoil.
“I try to make incremental changes and measure the results,” he says. “Our credit union might not be among the fastest growing in an economic expansion, but we won’t have to stop lending or make drastic adjustments to tighten credit in a downturn, either.”
Vogeney says good leaders should be good educators. “I like teaching and developing people. Developing tomorrow’s credit union leaders should be every executive’s most important job.”