MADISON, Wis. (11/26/14)--There is a name for credit unions that materially improve members' lives, and that name is a Louise Herring Philosophy-in-Action Member Service Award winner, conferred by the Credit Union National Association.
The Herring Award honors credit unions for practical applications of the credit union philosophy within the credit union that benefit its members. These may include:
As an Ohio delegate to the 1934 national credit union conference, Herring was an original signer of CUNA's constitution. She believed credit unions should work to better people's lives because credit unions were more than just financial institutions.
The awards, which are given in several asset sizes, were selected among the winning entries at a league level.
Listed by asset size, the credit unions recognized include:
Less than $50 million in assets:
$50 million to $250 million in assets:
$250 million to $1 billion in assets:
More than $1 billion in assets: