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Tom Neumann receives the 2013 Follow The Leader Award

February 25, 2013

tom1
We are happy to announce that Tom Neumann, First Source’s Executive VP/COO, has been selected to receive Leadership Mohawk Valley’s Follow The Leader Award. Each year, Leadership Mohawk Valley honors local leaders and businesses who have graduated from their LMV program and have demonstrated excellence in the workplace and the community.

He will be honored along with the other 2013 award recipients at the annual Follow The Leader dinner on March 13th at the Radisson Hotel in Utica. Congratulations, Tom!

Posted in: Neumann, Tom

Kristy Nole Honored by The Genesis Group

February 22, 2013

kristyWe’re proud to announce that Kristy Nole, our AVP of Marketing & Communications has been selected as an honoree in the Genesis Group’s “Strive for Success” program. The annual event recognizes Young Professionals and Entrepreneurs in our region for their dedication and commitment to their profession and community.

Kirsty will be honored on March 4th at The Yahnundasis Golf Club, in New Hartford with a keynote by Gary Heenan, Head Coach of the Utica College Men’s Hockey Team. Congratulations to Kristy and all of the other honorees!

Posted in: Genesis, Group, The

Choice Investments

February 5, 2013

Melissa Bower and Charles Batson of Choice Investments share their approach to simple, personal investing. First Source Federal Credit Union recommends independent Choice Investments to their Members looking for a personal plan tailored to their life and goals, whether they’re first-timers or have been investing for a while but are looking for a change. It’s easy to send your friends to someone who also puts you first.

Securities offered through Cadaret, Grant & Co., Inc. member FNRA/SIPC. Not NCUA Insured. No Credit Union Guarantee. May lose value.

Posted in: First, You’re

Board Diversity; Shake It Up!

February 5, 2013

The following post was written by one of our Board Members, Pamela Goodison-Bick, CFE and was originally published on the CU Times.

Goodison-Bick7f_4x5I knew from the beginning that First Source Federal Credit Union was different. After all, they accepted an application to run for the Board of Directors from a 28 year old. I was honored that they would consider my application because I knew most organizations would not simply due to my age. In today’s fast moving environment, unfortunately many people are still being judged by their age and not their experience and qualifications.

During my first year on the Board I attended a credit union conference where a board member from another credit union had assumed my husband was the board member because he was male. The following year I attended a conference where one of the presenters asked an interesting question to a room of at least 75 people. Her question was “would anyone consider having a Gen Y person on your board?” I did not see one person in the room raise their hand. Not even consider?!? I began to wonder if anyone in this room had heard of Mark Zuckerberg or Bill Gates. Both individuals were in their teens when they started their incredibly successful companies. Would they not have made good board members in their Gen Y years?

There is a lot of discussion at credit union conferences about the importance of attracting young members. What better way to understand the needs and wants of younger members than to diversify your board of directors by recruiting someone from Gen Y? The benefits can be immense!

Gen Y has a lot to offer to a board of directors. They are typically well-educated, challenge the status quo, ask why, they understand how to manage their work and life balance, encourage efficiencies, and tend to be tech-savvy. These are all great attributes for future board members!

What is your credit union doing to ensure the individuals overseeing the strategic direction of your credit union keep your credit union not only competitive but also viable? Do you have term limits? How do you recruit younger board members? Does your board composition reflect the demographics of your membership?

The fact is that we are disserving our members by not having a board that represents the demographic makeup of our membership. We owe it to our members to ensure that a representative voice is guiding and leading their credit union into the future.

Pamela Goodison-Bick, CFE
First Source Federal Credit Union
Board Member

Posted in: Goodison-Bick, Pamela

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