MADISON, Wis. (6/4/09)--Cathie Tierney, CEO of Community First CU, Appleton, Wis., is Credit Union Magazine
’s 2009 Credit Union Hero of the Year.
She was selected for the award by magazine subscribers and will be honored during the opening session of America’s Credit Union Conference and Expo June 21-24 in Boston. Tierney and her board were recently thrust into the national spotlight when Community First won a court case against the federal government over the Internal Revenue Service’s policy that subjected the credit union’s insurance-related products to unrelated business income tax (UBIT). The court’s decision strengthened credit unions’ position in other UBIT-related litigation. Tierney has been with the $1.1-billion-asset Community First for 33 years. Other nominees for the award:
* Carla Hedrick, CEO, Denver Community FCU; * John Herrera, senior vice president of Latino/Hispanic affairs, Self-Help FCU, Durham, N.C.; and * Regina McIlrath, president, Table Rock FCU, Shell Knob, Mo.