Freeborn Honored at 2020 Herb Wegner Memorial Awards Dinner

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Teresa Freeborn
Xceed Financial CU CEO Teresa Freeborn was one of this year's Herb Wegner Memorial Award Outstanding Individual Achievement Award recipients.

Xceed Financial CU CEO Teresa Freeborn was among those honored by the National Credit Union Foundation at its 2020 Herb Wegner Memorial Awards Dinner.

With this year’s theme of “Rooted in Purpose”, the evening’s awardees—Freeborn, Andigo CU Board Director and Alloya Corporate FCU Director Emeritus John Fiore, and Local Government FCU CEO Maurice R. Smith—served as a reminder of the true purpose of credit unions. All three received Outstanding Individual Achievement Awards at the dinner held Feb. 24 at the Marriott Marquis in Washington, D.C.

 “Purpose: It’s a noun— ‘the reason for which something is done’. It’s also a verb—‘to have as one’s intention or objective’,” Foundation Executive Director Gigi Hyland said in her opening remarks. “Purpose is a differentiator for us as a movement. You can feel it here tonight, in this room, the energy and excitement that radiates from you all as we gather to celebrate individuals who have lived and breathed the true purpose of credit unions. It all starts and ends with people.”

Freeborn recognized for her spirit of “innovative, creative and risk-taking” leadership. She was honored for commitment to collaboration, cultivation of the next generation of leaders, and her dedication to drive consumer awareness about the credit union difference.

Freeborn said she has been blessed over the course of her four decades in the credit union movement to have experienced many highlights. “But receiving this Herb Wegner Memorial Award has to count as the brightest,” she added. “I am truly humbled to be in the company of such an impressive roster of credit union leaders. I am also grateful to so many mentors, colleagues, friends and family members who have supported, encouraged and inspired me over the years – this award is as much a credit to them and their contributions as it is to me.”

This year’s event shattered all previous attendance records with more than 1,000 attendees. The Wegner Dinner is not only an awards gala, but the primary fundraising event for the Foundation. Through a text-to-give initiative during the awards dinner, more than $15,000 was raised to improve people’s financial lives through credit unions.

You can view each of the awardee honoree videos here. These individuals join 69 past Wegner Awardees since the tradition began in 1989 in honor of the Credit Union National Association’s late Managing Director, Herb Wegner, to carry on his legacy of innovation, social responsibility and risk-taking leadership.

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