October 5, 2012
Annaloro officially retired as the Association’s CEO during Tuesday’s Annual Business Meeting, handing the reins to Troy Stang, who had been President of the NWCUA since the regional trade association was formed through the merger of the Credit Union Association of Oregon (CUAO) and the Washington Credit Union League (WCUL) on Jan. 1, 2011.
Annaloro was the CEO of the WCUL for 13 years and of the merged Association for two, and he is widely credited as being the architect behind Washington’s progressive credit union climate. He was also a key force behind the passage of the Credit Union Membership Act of 1998, a hugely important piece of legislation for the credit union system that significantly opened credit union membership eligibility to consumers. Today, nearly 93 million Americans belong to a credit union.
In honor of his retirement and his storied career, the NWCUA board of directors and the Northwest Credit Union Foundation board of trustees presented Annaloro with a gold-level membership at the Credit Union House in Washington, D.C., where his name will be enshrined along with other tireless credit union advocates in the Credit Union Hall of Leaders.
The NWCUF board also announced a $2,500 gift in Annaloro’s honor to the National Credit Union Development Educator program, as well as a board commitment to sponsoring one new DE candidate from the Northwest every year with a full-tuition scholarship bearing Annaloro’s name.
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