Saying Goodbye to a Legend
One of the most significant events of the 1980s was the retirement of Ed Rowland after 30 yearsof service to the credit union. So much of the credit union’s success can be attributed to his vision, drive, and commitment to excellence. He will always be considered the father and founder of Southwest 66 Credit Union. Ed served on the Board of Directors for the Texas Credit Union League as well as many other credit union based organizations over the years he was the Manager of the Credit Union.
Some milestones of note that were accomplished during this period were money market and checking accounts were created, Auto Loan rates topped 13.5%, and the credit union’s first phone system was purchased. Assets surpassed the 20MM mark in the late 80’s and despite some downturns in the economy, the credit union was on the right track. Jo Ann Crain took over as CEO once Mr. Rowland retired and led the credit union for the next 15 years.
The last five years have brought about tremendous change in Southwest 66 Credit Union, and has placed the credit union in a better position than ever before. 2012 was a record year for the credit union financially, hitting the highest net income mark in it’s history. This was surpassed again in 2013 and 2014, with $85 million in assets today. Southwest 66 Credit Union was recognized by the Credit Union National Association (CUNA) as the 2014 Community Credit Union of the Year for its exemplary principles and service. All of this is happening as the credit union looks forward to celebrating it’s 66th anniversary in 2015.
Through the hard work of the Board of Directors, and the staff’s incredible level of dedication, the future of the credit union is brighter than ever. With a recent awarding of the prestigious Juntos Avanzamos (“Together We Advance”, certifying a credit union’s commitment to the Hispanic Community) designation, a whole new market will be served by the credit union. Our message remains, “How can we change your life today? In 2015, we will offer you “66 Reasons” as we celebrate 66 years of serving the Permian Basin.