MADISON, Wis.—Peter Hanelt, board chair of Patelco Credit Union in Pleasanton, Calif., has been named as the 2016 CUES Distinguished Director.
He will be honored at CUES’ Directors Conference, Dec. 11–14 at the Hyatt Regency Maui Resort and Spa, Lahaina, Maui, Hawaii.
Hanelt has been a Patelco Credit Union board member since 1996, and board chair since 2011. During his tenure, he has served on the board and the finance, technology, merger and acquisitions, and compensation committees.
“As director, Hanelt has provided strong and consistent financial guidance to Patelco. His advisement helped develop expense efficient operations, allowing for a high return to members through significantly better savings and lending rates,” said CUES. “During this time, Patelco grew to become the 25th largest credit union in the nation in asset size while maintaining a very healthy net worth ratio. As chairman, Hanelt established four fundamental goals as priorities for the board—rebuild and strengthen an executive team, institute the discipline of a rigorous annual planning cycle, improve the governance structure and effectiveness, and encourage a spirit of innovation.”
CUES added that Hanelt’s leadership led to the creation of many programs designed to better the financial lives of Patelco’s members, including the Member Give-Back Program and Switch-to-Save.
The Member Give-Back Program, named as one of the top 50 innovations within the credit union industry by CUToday.info, provided fee-free mortgage loans and reduced loan rates to members.
The CUES Distinguished Director award is presented to a credit union board or committee member who is a CUES Director or Center for Credit Union Board Excellence (CCUBE) member, and whose achievements have strengthened their credit union.
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