|With scenic old town Downey behind her, Barbara Lamberth takes a break from life inside the office to reminisce about Downey FCU's history. She retired in October after working at the credit union for 40 years. She was CEO from 2005-2013.|
'IT'S MORE THAN A JOB'
updated 12/03/13 10:50 AM
Retired CEO Shares Insight
It felt like a dark day for Barbara Lamberth, a day when “you’re ready to call it quits.” Then someone said something she’d never forget.
“Stick with it, Barbara. Ride this out. There’s a light at the end of the tunnel,” she recalls a colleague telling her. “He inspired me to stay here.”
It was 1974 and Lamberth was 23 years old, serving as a receptionist for Downey School Employees FCU. California was at the forefront of the aerospace industry, and destiny had its sights set on Jerry Brown as the next governor of the state—his first time in office. Nearly 23,000 U.S. credit unions were serving members, with 1,800 rooted in the Golden State.
The City of Downey, similar to so many other Los Angeles County suburbs, was taking on the look and feel of one of those “all-American” cities. Even today, the world's oldest McDonald’s restaurant sells burgers and fries out of a small 1950s archway structure on Lakewood Boulevard.
If anyone can attest to this, it’s Lamberth, a local girl through-and-through. “I lived in the same house in Downey from the day I was born until the day I got married,” she said.
Lamberth retired as CEO of Downey FCU in October. For 40 years she was involved—at one time or another—in every role possible, except accounting. She was CEO since 2005.
The editors of Credit Union Digest took a deep dive into what 40 years of service taught Lamberth. Click here to read her entire story within A CEO's Thoughts on Leadership on Pages 6-7 inside the December/January edition of CU Digest!
LEADERS ENGAGE WITH STATE LAWMAKERS updated
04/15/14 09:44 AM
Card Security a Hot Topic
Credit union professionals and volunteers took a stand for their members in Sacramento from April 7-8 during the California Credit Union League’s 2014 Government Relations Rally (GRR)—an event that attracted more than 75 attendees and helped build relationships with state legislators.
CO-OP ANNOUNCES SHAREHOLDER DIVIDEND updated
04/14/14 01:37 PM
Patronage Pool of $30.5 Million
CO-OP Financial Services has announced a shareholder dividend pool of $30.5 million for 2013—a 17 percent increase from 2012. Since becoming a credit union-owned cooperative in 1996, CO-OP’s total shareholder patronage has been $284.8 million.
DBO REPS ADDRESS 'CUOLI' INVESTMENTS updated
04/14/14 01:05 PM
State CU Update Given
California Department of Business Oversight (DBO) Commissioner Jan Owen and Deputy Commissioner of Credit Unions Erick Orellana gave attendees an overview of the department during the California Credit Union League’s 2014 Government Relations Rally (GRR) last week in Sacramento and welcomed questions from attendees.
CONGRESSMEN CONCERNED OVER RBC RULES updated
04/09/14 01:18 PM
Questions Arise During Hearing
Reps. Ed Royce, R-CA, and Brad Sherman, D-CA, questioned National Credit Union Administration (NCUA) General Counsel Mike McKenna on the effectiveness of the NCUA's proposed risk-based capital rule during a House Financial Services Committee hearing last week.