MOUNDS VIEW, Minn., Sept. 16 /PRNewswire/ -- One of the credit union
movement's most respected and recognized executives is the new president and
chief executive officer of Liberty Enterprises.
Stanley C. Hollen, the former long-time president and CEO of The Golden 1
Credit Union, Sacramento, will begin his Liberty duties on Sept. 23. Liberty
Chairman, Founder and Major Shareholder David L. Copham announced Hollen's
appointment today at Liberty's headquarters.
"I am delighted and proud to welcome Stan Hollen to Liberty," Copham said.
"Stan's track record of leadership within the credit union movement,
dedication to innovation and proven success strategies speaks for itself. His
30 years of credit union experience and his ability to establish strong
internal and external relationships ensure Liberty's ongoing and enthusiastic
commitment to our customers and employee-owners.
"He will be a great addition to our already outstanding management team."
Under Hollen's leadership, The Golden 1 grew to become the nation's fifth
largest credit union. When Hollen accepted the role of CEO in 1984, The
Golden 1 had about $295 million in assets and operated nine branches. When he
departed in 2002, The Golden 1 registered nearly $4 billion in assets and had
65 branches. Hollen's strategic direction resulted in The Golden 1 becoming a
national leader in product and service development and technology innovation
as the credit union worked to serve its more than 400,000 members.
Hollen is a certified public accountant who served as management
consultant with Deloitte, Haskins & Sells in Chicago. He earned bachelors and
masters of business administration degrees at Eastern Illinois University. He
has dedicated his entire professional career to the credit union movement. He
was first elected to a credit union board of directors at the age of 19. From
1973 to 1984, Hollen was a vice president at Construction Equipment Federal
Credit Union in Peoria, Ill. While there he developed the in-house data
processing systems and share draft program. He also created the first shared
ATM network with banks and thrifts.
As The Golden 1's CEO, Hollen was primarily responsible for strategic
planning and development of the management team. Eight executives from his
management team have gone on to become credit union CEOs. Hollen has also
been the catalyst for several technology-related businesses serving the credit
union market, and has been a mentor to many small credit unions.
Hollen serves in national leadership roles on several credit union boards
and advisory committees, including the Credit Union National Association
(CUNA), Banking Industry Technology Secretariat (BITS) Council, and the
Western Corporate Federal Credit Union (Wescorp). He has been a national
director of CUNA, and once chaired the association's payment systems
committee. Hollen was a member of CUNA's government affairs committee and
served on the Project Renewal steering committee.
Hollen said his new role with Liberty Enterprises provides a unique
opportunity to continue his credit union executive career with a dynamic and
diversified company that started as a check printer in 1986 and is now
recognized as the credit union movement's leading provider of payment systems,
marketing services and technology solutions.
"Liberty has developed an enviable reputation in the credit union
marketplace," said Hollen. "The company truly lives up to its motto:
'Partners with Credit Unions and Their Members.'
"I look forward to joining a company so committed to developing innovative
products and services that help credit unions better serve their members and
compete in the financial services marketplace."
At Liberty, Hollen will oversee the day-to-day operations of the company
that was founded by Copham in 1985. Copham will continue to play an active
role with Liberty, providing strategic guidance as chairman of Liberty's board
of directors. As part of his president & CEO duties, Hollen will also serve as
a director on the Liberty board.
"Stan Hollen's deep knowledge of the credit union movement, along with his
ability to launch successful credit union-focused technology enterprises, make
him the ideal person for Liberty's leadership position," said Copham. "We
will continue our tradition of enthusiastic commitment to credit unions. We
will also be building on our foundation as a family- and employee-owned
company. We're confident Stan's expertise and experience will help us reach
our strategic goals."
Copham and Liberty first made their mark as the credit union movement's
leading check printer. A national leader in check printing innovation,
Liberty has patented three technologies and continues to invest in its core
product by developing improvements in check production and delivery automation
and instituting a digital printing environment.
To anticipate and fulfill the needs of its credit union customers, Liberty
has diversified to become the credit union movement's multi-dimensional
service provider in the areas of payment systems, marketing services and
technology solutions.
Copham started Liberty's operations in early 1986 with four other
employees. The company now employs nearly 900. On Jan. 1, 1998, Liberty
became the first S corporation to sponsor an Employee Stock Ownership Plan
(ESOP). Liberty was recently recognized as one of the 2002 Great Places to
Work by the Business Journal.
For more information, contact Rick Foy, public & media relations manager
at 800-607-2435, ext. 2436, or visit Liberty's Web site: http://www.libertysite.com .
ABOUT LIBERTY ENTERPRISES
Liberty's core product is the check, still consumers' leading financial
transaction vehicle. The company is the credit union movement's leading
provider of payment systems (checks, card services, financial supplies,
Internet banking), marketing services (database marketing, creative services,
market research) and technology solutions (data processing, Web-site
development and hosting, Internet services). The company partners with more
than 5,000 credit unions. Liberty is headquartered in Mounds View, Minn., a
suburb of Minneapolis-St. Paul. Liberty FiTECH Systems data processing is
located in Atlanta. Liberty Cavion Internet services is headquartered in
Englewood, Colo., near Denver.
SOURCE Liberty Enterprises
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Related links:
http://www.libertysite.com
CONTACT:
Rick Foy, Public & Media Relations Manager of
Liberty Enterprises, +1-800-607-2435, ext. 2436
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