Excellence in Finance Award Winner Archives

2017 Award Recipient

2017 Excellence in Finance Award Winner
Dan Leclerc, VP Finance at ENT Credit Union accepts their 2017 Excellence in Finance Award.

Ent Credit Union, Colorado Springs, Colo. received the Excellence in Finance Award for their Achieving Consistently Strong Financial Performance While Generating Additional Income and Managing Interest Rate Risk entry.

Ent’s finance and accounting team is a critical internal partner for the credit union, helping the organization manage the ups and downs of the market to deliver consistently strong year-over-year financial performance. In 2016, Ent generated a Return On Average Assets (ROAA) of 1.24%, marking the credit union’s eighth year with an ROAA over 1%. The credit union’s net worth grew to 12.88% by the end of 2016 even after giving just under $31 million back to the membership in the last 5 years.  Interest Rate Risk (IRR), as measured by Net Economic Value (NEV) volatility remains low at -15.85% in a +300 basis point rate environment.

Dan Leclerc, Vice President of Finance and his team have achieved these results through the implementation and management of sophisticated strategies to reduce risk and add to the organization’s bottom line. Examples of these strategies include the use of derivatives for overall balance sheet risk management, hedging the mortgage pipeline, dollar rolls and a recently implemented arbitrage strategy involving borrowing from the FHLB.

Ent Credit Union’s finance and accounting team is a group of individuals dedicated to digging in and implementing balance sheet strategies that have produced consistently strong, positive outcomes for the credit union. The financial results for 2016 go far in demonstrating the success of this high functioning team. Today they are recognized because of their layered strategic approach and consistently strong performance. View the entry.

2016 Award Recipient

2016 Excellence in Finance Award Winner

Peg Lamb, SVP/CFO at People Driven Credit Union accepts their 2016 Excellence in Finance Award.

People Driven Credit Union in Southfield, Mich. received the Excellence in Finance Award for their post-merger financial reporting and process improvements/efficiencies entry.  By assessing employee skill sets, establishing a robust cross-training program, developing deeper bench strength in technology, and being laser-focused on uncovering efficiencies, their Finance & Accounting Team was able to become more cohesive, nimble, and proactive. PDCU’s Values -- Proactive, Knowledgeable, Consistent, Accountable, and Consultative – are now clearly modeled by the team. View the entry.

2015 Award Recipient

Jacob Darabos, Chief Financial Officer at CASE Credit Union accepts their 2015 Excellence in Finance Award.

CASE Credit Union in Lansing, Michigan was recognized for their achievements in finding creative solutions to solve financial challenges and create a stronger financial environment for their members to participate. Their finance department demonstrated initiative, creativity, commitment and longā€term strategic thinking to achieve extraordinary results in 2014 and recognized the importance of educating their Board of Directors and employees on how each of their individual roles can help strengthen the net worth ratio. View the entry.