BALTIMORE - It isn’t just credit unions marking their 100th birthday this year. So, too, is Richard Rhinehart, a director for Destinations Credit Union who was born in Ashville, Ohio in 1908. Following his stint in the Marines, he made Baltimore his permanent home and worked at various jobs. In 1937, he opened his own business selling supplies, before going to work for the Baltimore Transit Co. just as the U.S. was entering a second world war. Mr. Rhinehart is the oldest person in Maryland with a commercial driver’s license–something he re-qualified for just last year.
Active in numerous volunteer activities throughout his life, Mr. Rhinehart has served Destinations Credit Union (formerly MTA Credit Union) for nearly 60 years, including serving on the board for much of that time. Now an honorary director, he still attends every meeting, and still helps with many special projects, including helping to rebuild the storage room recently.
Below, Rhinehart shares some of his thoughts and observations with readers of Credit Union Journal.
CUJ: How did you come to be involved in credit unions, and when?
Rhinehart: I became involved in the credit union movement in 1945. I worked for the Baltimore Transit Company and joined the board to help fellow members.
CUJ: How involved are you now?
Rhinehart: I am very involved and continue to attend monthly board meetings as an honorary director. (The CU’s marketing director added that Rhinhart comes in quite often and volunteers his time, often repairing things and visiting with members.)
CUJ: What has been the biggest change in credit unions during your tenure?
Rhinehart: I feel the biggest change has to do with the board of directors and CEO. The professionalism has increased significantly as the credit union has become a more complex organization.
CUJ: Consultants often say boards need “new blood.” What is the advantage a little “old blood” brings?
Rhinehart: My feeling is that “old blood” brings stability and experience.
CUJ: Everyone who lives to celebrate a 100th birthday is asked what is their secret. So, what is your secret?
Rhinehart: My secret is having a positive attitude and my lifestyle. (The credit union’s marketing director added that Rhinehart (continues to exercise every day on the treadmill, lifts weights, and is a very healthy eater.)
CUJ: What is your view on the future of credit unions?
Rhinehart: Credit unions are here to stay and they have a very promising future!
