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WEOKIE Mourns the Loss of Marvin Cottom
Tuesday, May 31, 2016 7:00 AM

Marvin Cottom

WEOKIE Credit Union and the entire credit union movement are saddened as they mourn the loss of Marvin Cottom who passed away at the age of 75 on May 28, 2016. Cottom was the first president and CEO of WEOKIE, and he retired in 2007 after 37 successful years.

Cottom’s commitment to the credit union movement and its members touched the lives of countless people from across the state and the natio,n and he will be deeply missed by his many friends, staff, and volunteers of WEOKIE Credit Union who were privileged to receive his care and guidance during the span of four decades.

In 1969, Western Electric of Oklahoma asked Cottom to help form a credit union to serve their employees’ financial needs. In 1970, WEOKIE opened its doors, and since that time WEOKIE has grown from a small group of individuals with zero assets, to serving more than 53,000 members with total assets of more than $1 billion.

Throughout his distinguished career, Cottom was labeled a pioneer in the credit union movement at the state, national, and international levels. In addition to serving as WEOKIE’s chief executive officer, a few of his more notable positions within the credit union movement during his career included: director for the Oklahoma Credit Union League, director for the Credit Union National Association, and secretary and first vice chairman of the World Council of Credit Unions. He has been honored many times including receiving the Distinguished Service Award for Credit Union Professionals and being inducted into the Credit Union Executives Society Hall of Fame.

Brent Taylor, WEOKIE's current president and CEO, remarked, “Marvin will always be 'Mr. WEOKIE.' His legacy includes a wonderful family and thousands of members positively impacted by his efforts building a credit union dedicated to helping people. You can’t say about everyone that their life’s work will continue when they pass, but Marvin’s will.”

Marvin Cottom is survived by his wife Betty Cottom and their three children: Cindy Borden, Darren Cottom, and Steven Cottom, as well as eight grandchildren and six great grandchildren.

Services to celebrate and remember his life will be held on Tuesday, May 31, 2016, at 10 a.m. at Shartel Church of God, 11600 S. Western Ave., Oklahoma City 73170, with interment to follow at Heritage Burial Park. Memorials may be made to the Shartel Church of God Building Fund, Mid America Christian University or Special Olympics.