Worth Noting

Register now

DALLAS-Texas Corp. Leader Arnold Dies

John Arnold, who built Southwest Corporate FCU into one of the nation's largest corporate credit unions, died from a heart attack while working at his farm in Louisiana.

Arnold, 74, was the first president and CEO of Southwest Corporate at its 1974 inception, and served in that role until 1994, culminating a 31-year career in credit unions. He started his credit union career as part-time manager of ADA CU in 1963; then served as manager of Monsanto Chocolate Bayou FCU from 1965-1973, before working briefly as vice president at the Texas League.

He also served in many volunteer capacities, with U.S. Central CU, the World Council of CUs, and the Texas League. Among his survivors are his son, Mark Arnold, who is vice president of Neighborhood CU in Dallas.

Veteran CU, CUNA Exec Retires

LAKE JACKSON, TEXAS-Jim Williams, whose 46 years in credit unions included a term as CEO of CUNA, has retired as vice president of the Victoria division of the $1-billion Texas Dow Employees CU.

Williams began his credit union career in 1960 as manager of the Amarillo AFB Credit Union, before joining Government Employees CU in San Antonio in 1963. During his 16 years at GECU, he oversaw growth to $288 million in assets from $2 million.

In 1979, Williams was named president of CUNA in Madison, Wis. In 1995, Williams was named president of Carbide EFCU in Victoria, Texas, which changed its name to Texas Crossroads FCU, and later merged with TDECU.

DEs To Assist With CDCUs

TORONTO-The National Federation of Community Development CUs has joined with the National CU Foundation to place Development Educators in CDCUs on a short-term basis. Cliff Rosenthal, executive director of the Federation, told The Credit Union Journal the project will provide much-needed help for CDCUs in areas of expertise shared by the Educators group, such as finance, accounting and operations. There are more than 600 active DEs, a program conducted by the NCUF that gives participants a comprehensive initiation in credit union history, philosophy and operations.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER