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March 2019
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AACUC Honors Inductees at the African American Credit Union Networking Meeting and Hall of Fame Induction
Thursday, March 14, 2019 6:10 AM

The African-American Credit Union Coalition (AACUC), inducted three credit union leaders into its Hall of Fame during an induction reception at the Credit Union National Association Governmental Affairs Conference (CUNA GAC) in Washington DC Tuesday, March 12. Charles Alston, Sr., Pamela Owens, and Clifford Rosenthal were honored at a special awards ceremony and networking event at the Marriott Marquee in Downtown, Washington DC.

Alston has been a volunteer of Aberdeen Proving Ground Federal Credit Union for 30 years and currently serves on its board of directors and as chairman of the credit appeals committee.

Owens has over 20 years of experience supporting community development credit unions delivery of products and services to underserved communities, with special attention on innovative product development, training, and technical assistance.

Rosenthal is the author of Democratizing Finance: Origins of the Community Development Financial Institutions Movement (November 2018). An internationally recognized leader in bringing financial services to low-income and minority communities, he led the National Federation of Community Development Credit Unions (now: Inclusiv) for more 30 years.

“These trail blazers actively demonstrate the importance of diversity and inclusion within the credit union movement. We are proud to recognize their diligent efforts, which embody the cooperative pillars that our industry stands upon,” said Renee Sattiewhite, executive director of AACUC.

The non-profit organization of African-American professionals and volunteers in the credit union industry also announced several new initiatives during the Hall of Fame induction ceremony:

  • Virginia Credit Union League President Richard Pillow announced that the League will donate a $2,000 scholarship in Board Secretary Lynette W. Smith’s name annually for a credit union employee from a Virginia Credit Union to attend the AACUC Annual Conference.
  • FIS announced that they will be giving a $2,000 scholarship for five years in Maurice Smith’s name because they are so inspired by his contributions to the credit union movement and to be a collaborator for the Eighth Cooperative Principle.
  • PSCU will be collaborating with AACUC and sponsoring a webinar series – Women’s Power.

About the African American Credit Union Hall of Fame History
On October 16, 2008, the AACUC unveiled an exhibit featuring African Americans in the credit union movement the first 100 years at the America’s Credit Union Museum in Manchester, N.H. Continuing with that effort, the Funding Development Committee created the African American Credit Union Hall of Fame. This virtual hall of fame was created to honor and recognize African Americans who have and are contributing to the credit union movement--many who are unsung heroes and trailblazers. To be inducted you must have accomplished or achieved the following: 1) provided over 10 years of service in the credit union industry; 2) worked to provide financial services for people in general; and 3) identify at least four significant accomplishments, which benefited African-Americans’ access to financial capital.