West Virginia Story Archive
Credit Union Magazine Names West Virginia Credit Union CEO as Credit Union Rock Star
September 29, 2022 — Credit Union Magazine Names Mike Tucker as Credit Union Rock Star
West Virginia Central FCU CEO Mike Tucker has been named as a 2022 Credit Union Rock Star by the editorial team of Credit Union Magazine.
In addition, to his credit union role as CEO, Mike currently serves as Chairman of the West Virginia Credit Union League, as a CULAC Trustee, and as a board member of the West Virginia League Services Corporation. He was first elected to the League Board in 1994, where he has served on the Executive Committee in various positions for many years.
“We offer our sincerest congratulations to Mike on this honor,” stated League President and CEO, Rich Schaffer. “In addition to his credit union accomplishments, Mike has been a volunteer leader at the League level by tirelessly advocating for credit unions on the Hill, providing guidance on League and Services Corp. operations, and promoting our cooperative philosophy statewide,” Schaffer added.
Now in its 10th year, the Credit Union Rock Stars program recognizes outstanding credit union professionals and directors from a wide range of disciplines who use their unique strengths to advance the missions of their credit unions.
“The 10th class of Credit Union Rock Stars demonstrates once again that our movement is filled with those who invent, innovate, and most importantly, inspire,” says Michelle Willits, Credit Union Magazine publisher. “Our Rock Stars represent small to large credit unions nationwide and work in operations, leadership, and board roles.”
Check out all the winners and read their stories at news.cuna.org/rockstar.
West Virginia League Elects Table Officers Following 86th Annual Meeting
Spring 2022 —Awards, and CULAC winners also announced
Mike Tucker, President and CEO of West Virginia Central FCU, Parkersburg, WV was elected Chairman of the West Virginia Credit Union League board of directors at the board’s re-organizational meeting immediately following the League’s 86th Annual Meeting on April 30. Tucker is serving another term as Chairman having being elected following the League’s 85th Annual Meeting.
Other board officers that were elected include:
- First Vice Chairman – Sherry Peck, Martinsburg V.A. FCU, Martinsburg, WV;
- Treasurer – Lynne Teets, Bayer Heritage FCU, Proctor, WV;
- Secretary – Tom Walker, Universal FCU, Huntington.
- Mike Dean, Treasurer and CEO of HOPE FCU is the
League’s newest Board member succeeding Natisha
Swiger, HOME FCU, in District 8 – Harrison Co.
Awards and Resolutions
The 86th Annual Meeting served as a credit union reunion among volunteers and staff alike since the last in-person meeting was held in 2019 due to COVID-19 pandemic interruptions.
Former League President Ken Watts who serves as Treasurer of West Virginia Central FCU, was presented the William Bryan Hawkins Award, the League’s highest annual honor for volunteers.
Credit unions in attendance that were recognized for notable anniversaries included: Accepting on behalf of his credit union was J.J. Pokrzywa, CAPE FCU, Clarksburg who received 75th anniversary League and CUNA recognition certificates; Becky Komorowski, Teamsters Local #697, Wheeling accepted League and CUNA recognition certificates on behalf of her credit union for their 50 year anniversary.
Nutter Fort Native Named Chair of State Credit Union League Board
September 26, 2021 — Mike Tucker, president and CEO of West Virginia Central FCU, Parkersburg, was elected chairman of the West Virginia Credit Union League board of directors.
Tucker, a native of Nutter Fort, previously served as the League’s secretary and is chairman of the West Virginia League Services Corporation board. Tucker succeeded Joetta Heck, Kemba Charleston FCU, Dunbar, who has served two terms as chairman.
“It is an honor to have the opportunity to help lead the West Virginia credit union movement as chairman of the West Virginia Credit Union League,” Tucker said. “There are no finer organizations than the not-for-profit credit unions, who are working on behalf of their members and their communities. I look forward to working with League staff and especially League President Rich Schaffer to assure that the credit union movement in West Virginia continues to shine and succeed in improving the lives of all credit union members.”
Shaffer taking reins at West Virginia Credit Union League
From the Parkersburg News & Sentinal
May 2021 — A change in command is underway at the West Virginia Credit Union League. Ken Watts is retiring as president and CEO and will be succeeded by Rich Shaffer. The retirement, capping a service span of 46 years, was effective at the end of April.
The announcements were made by league Chairman Joetta Heck.
“I am truly humbled and honored by the board’s decision. I have been very fortunate to have Ken has a friend and mentor over the past 33 years, and also work in a cooperative movement that puts people ahead of profit,” Schaffer said. “While I will deeply miss working with Ken, I look forward to continuing to build upon the strong foundation he has established over many years.”
Headquartered in Parkersburg, the league is the trade association for the 85 credit unions in West Virginia that have combined assets in excess of $4 billion.
Leagues and CUNA Jointly Ask NCUA for Prompt Corrective Action (PCA) Relief
March 22, 2021 — Last week, CUNA and state Leagues sent a letter to the NCUA Board to adopt an interim final rule to provide Prompt Corrective Action (PCA) relief to credit unions.
The temporary 2020 interim final rule (IFR) on PCA expired December 31, 2020.
This request comes at a time when credit unions have seen a significant increase in deposits due to government stimulus payments during the COVID-19 pandemic. As a result, the deposit influx has caused a decrease in the net worth ratio for many credit unions, and could in some instances, trigger Prompt Corrective Action by the regulator.
“We feel that it is only fair that the NCUA temporarily ease net-worth restrictions while the pandemic affects consumer saving and spending habits,” stated League President Ken Watts in an email to credit unions.
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