BOULDER CITY, Nev. – The board of directors for $480 million Boulder Dam Credit Union on Tuesday named Eric Estes interim manager.
Estes takes over for William “Bill” Ferrence, who had been manager of the credit union in this small town near Las Vegas for nearly 36 years. Ferrence died Sunday after a six-month battle with cancer.
Estes told Credit Union Journal Ferrence hired him 17 years ago and he has been assistant manager ever since. “Bill was very open, very sincere,” Estes said. “The credit union industry lost an icon. He lived and breathed the credit union philosophy. I never met or worked with someone who was the epitome of credit union values as much as Bill was.”
Ferrence is survived by his wife, Cheryl, and two sons, Will and Jim. Funeral arrangements were still pending at press time. In lieu of flowers, the family asked that donations be made to a local charity that was “near and dear to Bill’s very heart and soul,” the Boulder Dam Museum and Historical Association.
For Estes, the challenge is to “just continue Bill’s legacy the best I can. The credit union is in good shape compared to the rest of Nevada, although we’ve had our struggles. We have a capital ratio of 8.9%.”
