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The Credit Path


As Alternatives Credit Union has grown and changed, our use of the Credit Path model of financial empowerment has changed as well. Originally developed by Bill Myers as a way of understanding our members' financial situations and incorporating that into our business planning, the Credit Path describes where people are situated at various points along a continuum between poverty and self-sufficiency. Our job, as a community development financial institution, is to help our members move along that continuum by empowering them to make decisions, and offering opportunities, that will move them towards financial self-sufficiency.<

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CEO Bill Myers to Retire

June, 2007 —

Yes, it's true. After 28 years at the helm, Bill Myers is retiring from Alternatives Federal Credit Union. Anyone who has worked with Bill cannot help but be impressed with Bill's keen sense of purpose and sharp intellect on how to convert purpose into action. He has worked tirelessly to make the Alternatives Federal Credit Union mission "to build wealth in the community" a reality. And then, using Alternatives as his experimental station, he shares successes with the world. Now it's our turn to thank him for all he's done for Alternatives, for the community, for the credit union movement, for community development, and beyond.




Bill Myers Youth Internship
Bill didn't want a building named after him. He didn't want a gold watch. He wanted to see his work in starting the Student Credit Union and educating youth continue. The Internship will provide support and opportunity to youth committed to working on issues of economic and social justice. Our ambition is to ignite the community development spark in the bright leaders of tomorrow.

Our Board committed Credit Union and personal funds to this Internship and ask you to join them in honoring Bill Myers and his outstanding contribution to community development credit unions. For more information e-mail Deirdre Silverman, Director of Community Programs.