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Doug Fecher – Getting Back to Roots at WPCU

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BY SCOTT MCCLYMONDS

Recently, I had the privilege of facilitating a presentation at the Cornerstone Credit Union League’s New Ideas Institute in San Antonio on the topic, “Have Credit Unions Lost Their Way?” The main presenters were Doug Fecher, CEO of Wright-Patt Credit Union (WPCU) in Beavercreek, OH; and Steve Hennigan, CEO of SACU in San Antonio. The premise of the presentation was that credit unions, generally speaking, are behaving more and more like banks, and have forgotten and deviated from their congressional mandate of helping people of modest means.

Cornerstone’s CEO Dick Ensweiler and University Federal Credit Union CEO Tony Budet, both of whom were instrumental in making the presentation happen, felt strongly that what Doug and Steve had to say would challenge league CEOs into considering how well they were fulfilling their duty of serving people of modest means.
In addition to facilitating their presentation, I have spent substantial time with each CEO, and have gotten to know their stories well. This article will unpack Doug’s story, and next month I’ll do the same with Steve. What you’ll read will provide some challenging questions for you and your board to consider as you determine how well your credit union is fulfilling your fundamental responsibility to Americans of modest means.

This content is for CU BUSINESS eMagazine , Special Deal: 2 websites , and NEW! The Leadership Team Builder Group Subscription members only.
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