Rebecca "Becky" Anderson
Northwest Baptist FCU (Seattle, WA)
Becky Anderson’s introduction to the credit union movement began in the 1980s when she was a member and leader of the Mount Zion Baptist Church Sojourner Truth Circle, a church women’s leadership group for young adults. As president of the Circle, Anderson was the first to visualize the benefits of introducing young professionals to the unique member-friendly world of credit unions.
When the credit union expanded its charter in 1990 and 1994, Anderson was central to gathering support from several American Baptist churches and other nearby churches to join Northwest Baptist FCU’s field of membership. Since that time, she has served in various capacities on the credit union’s Board of Directors and its Supervisory Committee.
Anderson was also instrumental in esblishing the credit union’s Youth Credit Union Program (YCUP) in 1993, a program she continues to lead. Northwest Baptist FCU’s YCUP has built the credit union’s youth membership and provided them with the financial management skills needed to succeed as adults. In addition to her work at the credit union, Anderson has also volunteered extensively with the Federation’s Youth Credit Union Network, serving as Chairman of the Task Force responsible for coordinating the Network’s yearly youth conferences.
Appalachian Federal Credit Union (Berea, KY)
Marcus Bordelon began his life as a member of a small town banking family in rural Louisiana. However, despite that pedigree, he accepted an offer to become President and CEO if the Central Appalachian Peoples’ Federal Credit Union in 1990, now known as Appalachian Federal Credit Union.
Bordelon joined the credit union at a critical time in its history, when high delinquencies and an inexperienced staff nearly forced the credit union’s regulators to close the institution. From the beginning, Bordelon was instrumental in hiring the credit union’s branch directors and training them to build a sound management team.
With his extensive financial training, he grew the credit union’s loan offerings by developing policies and training staff to expand from consumer lending into more complex real estate and business loans, which provided the credit union with new and important avenues to better serve its members. Bordelon also pushed for Appalachian FCU to become a member of the Federal Home Loan Bank, helping the credit union increase its liquidity and access to financing, which has allowed it to become a significant provider of mortgages in communities where local banks rarely offer mortgages with affordable rates and terms to low-income consumers.
A constant innovator, Bordelon also spearheaded the credit union’s predatory lending alternatives, developing the underwriting policies that enabled the credit union to offer affordable car loans and payday loan alternatives to help their members avoid predatory lenders operating throughout the region.
Under his tenure, Appalachian FCU has grown to become a nearly $18 million CDCU serving over 2,200 low- and moderate-income residents throughout rural Appalachia.