“Unfortunately, for most people, pain is the greatest teacher. People don’t begin to make changes until they really get uncomfortable.” - Dr. Richard Moss At times, it seems to me as...
The annual Foundation Impact Report was recently released at the Mountain West Credit Union Association’s 2017 Annual Meeting and Convention.
Since 1982, Mountain West Credit Union Foundation has been working to advance the Credit Union movement through leadership development and initiatives that support the long-term success of credit unions in their communities.
Here is a brief recap of some of the highlights of our accomplishments in 2016.
The Center for Credit Union Leadership
The Center for Credit Union Leadership is a division of the Foundation instituted from the belief that if we are to ensure the viability and the future success of our Credit Unions, we must invest in the development of our future leaders today.
A total of $201,650 was awarded in 2016 to the following programs, which offer a support system for progressive growth and collective success.
Leadership Institute Scholarships
The Credit Union Leadership Institute is a comprehensive leadership training program that trains credit union leaders in areas including problem solving, empowering others, workplace prioritization, coaching, time management, and setting and measuring goals. In 2016, we awarded scholarships to 12 credit union leaders to attend the Leadership Institute. Now in its 7th year of operation, the Institute has trained more than 208 new leaders from 48 credit unions in Arizona, Colorado, and Wyoming.
Chief Executive Institute
The Foundation’s Chief Executive Institute is an executive-level program designed to further leadership development and offer a strategic framework for growth. Through this advanced program, participants meet for five 2-day sessions that span the course of the year and learn how to leverage the Baldrige Excellence Framework to reach strategic goals, improve results, and become more competitive.
In 2016, the Foundation awarded $81,000 in scholarships to attend the Institute. To date, 9 scholars have completed the program and 3 graduates are now implementing the Baldrige Leadership Model within their Credit Unions.
Executive Leadership Program
The Foundation’s Executive Leadership Program is a complete five-year curriculum that links some of the most important and well recognized credit union leadership programs together to develop leaders specifically for the credit union industry. The program trains rising leaders in areas that include exemplifying organizational values, problem solving, empowering others, workplace prioritization, coaching, time management, and setting and measuring goals. Since the program’s inception in 2013, a total of 19 scholarships have been awarded.
3 credit union professionals were awarded over $20,000 each in funding for this program in 2016. This year, 4 scholarships have been awarded, totaling $86,250.
The Gary Plank Scholarship
The Gary Plank Scholarship Program is an opportunity for young credit union professionals and volunteers to attend the World Credit Union Conference. Named in honor of Gary Plank, a retired Arizona League President, the scholarship program is a remarkable opportunity for recipients who show an exceptional commitment to the Credit Union movement. For those who are deeply invested in the Credit Union Movement, the World Credit Union Conference is an experience like no other, providing a unique perspective of the international credit union movement.
In 2016, the Gary Plank Scholarship Program awarded a total of $14,900 in scholarships, allowing 3 young leaders and 1 Development Educator to attend the World Conference in Belfast.
Professional Development Scholarships and Grants
In 2016, the Foundation awarded 58 scholarships totaling $52,328 for initiatives promoting leadership development, financial education programs, community outreach, and initiatives that support growth and compliance in our small Credit Unions.
Scholarships included the Brayman-Beach scholarship which provides $5,000 in funding for a credit union member earning a business degree, 2 grants totaling $7,700 for small Credit Unions to better serve their communities, and $7,375 in Community Investment Funds that helped 2 Credit Unions serve the underserved and provide financial education.
In 2015, the Foundation launched a ground-breaking Leadership Research project focused on acquiring a deeper understanding of what makes a high-performing credit union leader. Using strict criteria, data was collected from 20 of the top performing credit union CEOs in the Mountain West region. The findings from the study identified 9 key leadership attributes and 9 leadership traits. In 2016, these insights were incorporated into training aspects of the Foundation’s leadership development programs.