New Name at Grafton, New CEO at ASE, New Record at CO-OP
February 18, 2015 2:51 PM
Revamping is in the air as credit unions across the country share their latest news.
Grafton Suburban CU Renamed, Now Homefield CU
Grafton Suburban Credit Union now has a new name.
The $129 million credit union said in a press release Wednesday that it will now officially be known as Homefield Credit Union. The North Grafton, Mass.-based credit union
"We believe that the name Homefield Credit Union best represents our continued commitment to all of our local communities, and also signifies a safe, stable and local credit union ready to serve as headquarters for all of the financial needs of our current as well as our future members," Lloyd Hamm, president and chief executive of the company, said in the release.
Homefield currently serves over 10,000 members.
Alabama State Employees CU, Montgomery, Ala., announced that longtime CEO Ned McHenry has decided to retire.
McHenry declared his intentions at the CU's February board meeting.
Prior to serving as CEO, McHenry initially served a member of the board of directors, joining the board in 1989. During his 10-year tenure on the board, he served as vice president and president of the board, becoming CEO of the CU in 1999.
McHenry's effective retirement date is Jan. 4, 2016, however, he will go on leave as of Oct. 1, 2015.
CO-OP's Miracle Match Sets New Record
CO-OP Financial Services, Rancho Cucamonga, Calif., said its Miracle Match program that matches credit unions' donations to Credit Unions for Kids, raised $3.1 million in 2014 for Children's Miracle Network Hospitals. Of that record-breaking amount, $1 million was from matching funds from CO-OP. Applications to participate in the Miracle Match program are available at
"We established Miracle Match by CO-OP in 2008 as a way to encourage Credit Unions for Kids fundraisers," said Stan Hollen, President/CEO of CO-OP Financial Services. "We are approaching 20 years of involvement with Credit Unions for Kids having supported it since it was founded in 1996 and it is very satisfying to see a new record set in our most recently completed year."
Tinker CIO Recognized by Oklahoma State Univ.
Tinker FCU EVP/CIO Grant Woldum was honored for winning his fight against cancer by the Oklahoma State University Coches vs. Cancer. Woldum was recognized during a recent OSU basketball game.
An employee of Tinker FCU since 2003, Woldum said, "I certainly don't feel like I did anything warranting any honor. I am just a survivor who wants other people to know there is hope and there are things we can to affect our outcomes in life."
Woldum was diagnosed in 1987 with teratocarcinoma, a form of testicular cancer. Not only did he manage to beat the disease, he also beat the odds: many survivors of this cancer are unable to father children. While Woldum and his wife, Karen, already had one daughter and another on the way when he was diagnosed, they were able to have two more children after Woldum's illness.
Coaches vs. Cancer is a national collaboration between the American Cancer Society and the National Association of Basketball Coaches.
