2016 CUES Distinguished Director named
MADISON, WI (October 31, 2016) — CUES is pleased to announce Peter Hanelt, CPA, board chair, Patelco Credit Union, Pleasanton, Calif., as the 2016 CUES Distinguished Director. He will be honored at CUES’ Directors Conference, December 11–14, 2016, Hyatt Regency Maui Resort and Spa, Lahaina, Maui, Hawaii.
Hanelt has been a Patelco Credit Union board member since 1996, and board chair since 2011. During his tenure, he has served on the board finance, technology, merger and acquisitions, and compensation committees.
As director, Hanelt has provided strong and consistent financial guidance to Patelco. His advisement helped develop expense efficient operations, allowing for a high return to members through significantly better savings and lending rates. During this time, Patelco grew to become the 25th largest credit union in the nation in asset size while maintaining a very healthy net worth ratio.
As chairman, Hanelt established four fundamental goals as priorities for the board—rebuild and strengthen an executive team, institute the discipline of a rigorous annual planning cycle, improve the governance structure and effectiveness, and encourage a spirit of innovation.
Hanelt’s leadership led to the creation of many programs designed to better the financial lives of Patelco’s members, including the Member Give-Back Program and Switch-to-Save.
The Member Give-Back Program, named as one of the top 50 innovations within the credit union industry by CU Today, provided fee-free mortgage loans and reduced loan rates to members.
Switch-to-Save was designed to help members and potential members improve their financial well-being through reduced auto and credit card rates, helping 12,000 members save over $12 million for the estimated life of the loans switched.
The CUES Distinguished Director award is presented to a credit union board or committee member who is a CUES Director or Center for Credit Union Board Excellence (CCUBE) member, and whose achievements have strengthened their credit union.
To find out more about CUES recognition awards, visit cues.org/recognition(www.cues.org/recognition). Visit cues.org/dc(www.cues.org/dc) for more on CUES’ Directors Conference.
2016 CUES Distinguished Director Peter Hanelt, CPA, Board Chair, Patelco Credit Union, Pleasanton, Calif.
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