BALTIMORE — Bert Hash Jr., longtime president and CEO of MECU of Baltimore Inc., retired after 17 years at the helm of the now $1.2 billion credit union.
During Hash's tenure, MECU — officially Municipal Employees Credit Union of Baltimore — grew from one office to 11 branches around the Baltimore metropolitan area. Its assets grew from $400 million, and membership grew to more than 106,000.
Hash also is well known for being part of the formation of the African American Credit Union Coalition.
"This has been the most rewarding part of my career," Hash said in a statement. "Working with the wonderful team at MECU to develop an exceptional financial institution to serve the people of the community I love."
In its most recent call report, MECU had more than $2.4 million in net income during the first quarter of this year. Its net worth ratio as of March 31 was 10.31% ("well capitalized").
In 2013 MECU had more than $6.4 million in net income, even after paying $787,568 to the Temporary Corporate CU Stabilization Fund. Its net worth ratio was 10.22% ("well capitalized").
Saying Farewell
On June 13, more than 600 people gathered at Martin's West, local a catering facility, to wish Hash luck in his retirement. Included were some of Baltimore's best known politicians, such as Rep. Elijah Cummings (D-Md.) and Baltimore Mayor Stephanie Rawlings-Blake. Members of the African American CU Coalition from across the nation also attended the fete.
Members of community groups were present to thank Hash for the many partnerships developed with MECU under his leadership. MECU said this outreach to the community has become a hallmark of the credit union, which has received numerous awards for its programs.
