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Baxter Credit Union Is 2007 Bergengren Award Winner

Baxter Credit Union Is 2007 Bergengren Award Winner

For immediate release:
July 18, 2007

Contact: Astrid Perez
(847) 522-8723

Vernon Hills, IL – Baxter Credit Union (BCU), Vernon Hills, IL, is the 2007 recipient of Credit Union National Association (CUNA) Mutual Group’s Roy F. Bergengren Award for High Achievement. The Bergengren Award recognizes commitment to the self-help ideals and philosophy espoused by credit union pioneer Roy F. Bergengren. CUNA Mutual has bestowed the award on individuals and credit unions since 1990.

“It is indeed an honor to be recognized by CUNA Mutual as a credit union that has in some way served as a model for the movement and for fellow credit unions,” said Michael G. Valentine, President and CEO of BCU. A $5,000 check, which accompanies the award, was dedicated by Mr. Valentine to the Multiple Myeloma Research Foundation in memory of long-time BCU employee, Torrance Campbell for his commitment and contributions to the organization and its ideals.

“It’s well recognized that BCU, under Mike Valentine’s leadership, is a shining example of a credit union committed to serving members and the communities in which it does business and to offering a dynamic and engaging work environment for its employees,” said Jeff Post, President and CEO of CUNA Mutual. “BCU places significant emphasis on the value of its employees and that has resulted in record growth for the credit union.”

BCU, founded in 1981, has $1.2 billion in assets and serves 126,000 members. It is one of the nation’s Top 100 credit unions in asset size and the fourth largest in Illinois. It has nearly 30 locations in 10 states and Puerto Rico. The entire BCU team prides itself on world-class service, innovative technology, and providing long-lasting value to its members.

BCU’s employees are actively involved in their communities and credit union organizations. They donate significant employee time and dollars to local organizations in need. The credit union recognizes charitable giving as an important initiative, which is reflected in their support of local non-profit organizations as well as food, toy and clothing drives.

The credit union’s leadership team likewise gives of its time to credit union organizations committed to the growth and success of the movement. BCU executives such as Valentine, Bob McKay, Lisa Wilson and Herb Behrens are involved on national credit union and local philanthropic boards. BCU is a two-time winner of CUNA Mutual’s Excellence in Lending Award, a Dora Maxwell Award winner and has been recognized several times by the Center For Companies that Care for their deep commitment to elevating the quality of the work environment for their employees and the quality of life for people in the broader community. Credit Union Executives Society (CUES) has recognized Valentine’s leadership skills by twice naming him the organization’s executive of the year.

BCU places a strong emphasis on cultivating the full potential of employees through professional training and development. The credit union utilizes instructor-led and online courses in providing employees an average of 40 hours of training annually. Performance is rewarded through promotions and incentives such as employee outings, cash incentives, awards and all-inclusive trips. The professional development and rewards have contributed to BCU’s record growth, low employee turnover and innovative approaches to providing financial services.