White new chair Credit Union Association of R.I.

You belong to your credit union; at a bank you conduct transactions. /
You belong to your credit union; at a bank you conduct transactions. /

Stephen J. White, president of the Westerly Community Credit Union, has been named chairman of the Credit Union Association of Rhode Island. A member of the board of directors since 2002, White most recently served as vice chairman of the board, as well as chairman of a number of the association’s committees. Prior to joining the Westerly Community Credit Union, White served as the chief operating officer of The People’s Credit Union. He has a B.A. in business administration from the University of Rhode Island.

PBN: What are you looking forward to in your new appointment as chair of the Credit Union Association?
WHITE: I am looking forward to working with the association’s 19-member credit unions to get the message out on what a great value credit union membership is for Rhode Island consumers. There are currently 349,000 credit union members in the state, and I believe that number should go higher. My new responsibilities include working with the association’s board of directors on plans that promote the state’s credit unions in the areas of political advocacy, social responsibility and financial literacy.

PBN: Having served nine years as the president and CEO of the Westerly Community Credit Union and more than 30 years in the credit union industry, what do you see as the foundation of the trade?
WHITE: The foundation is supported by the strong financial condition of the state’s credit unions, which have been doing a good job navigating through these difficult economic times, as well as the loyal support of our members.

PBN: What encourages people to become members at a credit union as opposed to a standard bank?
WHITE: I truly believe it is a sense of community. Go into any credit union lobby in the state and you will see members being referred to by name and discussing their daily lives with the staff that works there. It is almost as much of a social interaction as a business one. You belong to your credit union; at a bank you conduct transactions. &#8226

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