Liberty First Credit Union
Frank Wilber has over two decades of experience in the credit union industry, currently serving as President and CEO of Liberty First Credit Union since November 2013. During tenure at Liberty First, Frank Wilber has overseen significant growth, doubling assets and expanding the organization from four to nine branches while establishing a lending center that has propelled loan growth and improved return on assets. Prior to this role, Frank Wilber was Executive Vice President at ELGA Credit Union for seven years, and before that, served as Regional Manager at Financial Standards Group, where responsibilities included managing auditing teams and liaising with credit union boards. Frank Wilber earned a degree from Central Michigan University.
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Liberty First Credit Union
Liberty First Credit Union is unique in the financial services industry. We are a member-owned, not-for-profit financial cooperative. Those who do business with us are known as members. We exist solely to provide our members with affordable financial services; and members work together to achieve their financial goals. Member savings accounts earn dividends and create a pool of funds for other members to borrow at a low interest rate. This "people helping people" cooperative business philosophy enables us to provide a full range of low-cost financial services to our members. To establish membership, a share savings account with a balance of least $5 must be opened. This represents one share of LFCU. There are no outside or majority shareholders. Each member, regardless of the size of their account balance, only owns one share. Our earnings are returned to our member-owners through dividends, competitive rates on loans and savings, free and low-cost services, and other member benefits. Our democratic organizational structure provides our member-owners with the opportunity to participate in the management of the credit union. The Board of Directors consists of volunteer members elected by the membership. Only members may serve on the Board and each member receives one vote. We were originally chartered as the Burlington Employees Cooperative Credit Association in 1935 and served the employees of the Chicago, Burlington & Quincy Railroad. In 1943, our request for conversion from a credit association to a credit union was approved.