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National Association of Federal Credit Unions Names Terry Laudick, CEO of The Year

Jun 30, 2013

The National Association of Federal Credit Unions (NAFCU) has named New Mexico Educators Federal Credit Union's President & Chief Executive Officer, Terry Laudick, CEO of the Year. Mr. Laudick acknowledges the award "as a tremendous honor" and credits the member-owners, volunteers, community partners and a dedicated executive team and staff for the successes achieved at New Mexico Educators Federal Credit Union. As CEO of the Year for Credit Unions with assets over $750 million, Mr. Laudick will be honored in July at the NAFCU's 46th Annual Conference & Solutions Expo in Boston, Massachusetts.

Terry Laudick first joined the Executive Team at New Mexico Educators Federal Credit Union in 1993 as Vice President of Marketing and in 2000 was named CEO. Laudick says, "The strength of the Credit Union is in our commitment to do good for our members and our communities. The Credit Union is a resource that provides us all an opportunity to feel purpose in what we do and to impact the lives of others. "

Under Laudick's leadership, New Mexico Educators Federal Credit Union instituted a strategy to communicate the Credit Union philosophy to the community, improve operations, educate its employees, improve financial performance and provide financial education to its member-owners. These initiatives resulted in New Mexico Educators FCU's faster than average growth in assets, loans, shares, capital, members, employees and community support.

New Mexico Educators FCU has grown from $483 million in assets and 70,000 members in 2000 to $1.275 billion in assets and over 130,000 in members in 2012. Over the past eight years, New Mexico Educators FCU has returned over $14.6 million to its member-owners in community grants and bonus dividends. Today the Credit Union celebrates a Member Satisfaction rating of 98.5% and an Employee Satisfaction rating of 96%.

Community partners share their enthusiasm for New Mexico Educators FCU

"New Mexico Educators Federal Credit Union has been a tremendous partner for Central New Mexico Community College and the broader cause for public education reform across New Mexico," said CNM President Katharine Winograd. "New Mexico Educators FCU has made countless life-changing contributions to New Mexicans across our community and state, especially through its outstanding support of education. That is also a testament to the exceptional leadership provided by Terry Laudick, a powerful and humble leader who is deeply committed to improving education outcomes for families across New Mexico. At CNM, we're very honored to have New Mexico Educators FCU as a close partner in our common cause to empower more New Mexicans through education."

Winston Brooks, Superintendent, APS said, "In both my role as the Superintendent of Albuquerque Public Schools and as an individual member of the New Mexico Educators FCU, I want to congratulate Terry for his commitment, generosity, and partnership with the largest school district in the State of New Mexico. It's not just a business relationship with Terry it's personal. We appreciate Terry's willingness to stand up for public education, his willingness to help when asked and his passion to do what he can as a community leader to help us improve the future for our students and employees. Partnership to Terry Laudick means something, and for that I am grateful."

Albuquerque Mayor Richard Berry expressed his congratulations; "Mayors need community leaders like Terry Laudick to stand shoulder to shoulder with us to make significant impacts in our communities. Terry has demonstrated tremendous leadership time and again and is well deserving of this great honor."

About Terry Laudick, President/CEO

Terry Laudick, CCUE, CUDE has been with New Mexico Educators Federal Credit Union since 1993. He became President and CEO of the Credit Union in 2000 and previously served as Chief Operating Officer and Executive Vice President of Marketing. He has previously worked for credit unions and credit union leagues in Kansas, Oklahoma and New York. Terry is a Certified Credit Union Executive, Credit Union Development Educator, and a Graduate of the CUES Executive Marketing Institute, CUNA Management School and CUNA Marketing School. He has a Bachelor's Degree from St. Mary of the Plains College of Dodge City, Kansas. In addition to his position at the Credit Union, Terry serves as Chairman of the Board of Directors of CO-OP Financial Services and has held a number of board positions on civic organizations, including the College and Career High School, CNM Foundation, the Albuquerque Public Schools Foundation, and the CU Anytime Board of Directors.

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