DURHAM, N.C. (6/12/08)--Latino Community CU (LCCU) Chairman John Herrera received the Ronald J. Hutchins Credit Union Person of the Year Award Monday for his volunteer work in the credit union movement at the North Carolina Credit Union League’s 73rd Annual Meeting.
The award is given annually to persons who demonstrate exceptional qualities of leadership in their credit union and who display outstanding dedication to the credit union movement. “Herrera has ‘made it in America’ and now he gives back through his compassion and commitment to his country, his community and his credit union,” said Jim Blaine, president, State Employees CU, Raleigh. Herrera is one of the founders of LCCU in Durham, which provides low-cost products and services to its members, especially low-income members. Herrera is often contacted by organizations seeking advice and support to develop financial institutions that serve the unbanked and immigrant communities, including a Nobel Prize-winning bank that plans to expand its model to the U.S. He is also vice president of Latino affairs for the Center for Community Self-Help, a community development financial institution intermediary, which provides support to community development credit unions that serve minorities. He also is a board member for the North Carolina Minority Support Center. Herrera was the first Hispanic elected to the Board of Alderman in Carrboro in November 2001, becoming the first Hispanic immigrant ever elected to municipal office in North Carolina. He was re-elected in 2005.