Long Island credit union leader inducted into national Hall of Leaders

Robert Allen, president/CEO of Teachers FCU, honored for decades of industry leadership

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Robert G. Allen headshot

ALBANY, NY (02/26/2014)(readMedia)-- For more than 40 years, Robert G. Allen, president/CEO of Teachers FCU, has distinguished himself as a leader in the Long Island business community and the credit union industry. And now, as a 2014 inductee into the Credit Union House Hall of Leaders, he has joined a lineup featuring the most prestigious credit union leaders nationwide.

Located in Credit Union House in the heart of Washington, D.C, the Hall of Leaders features the names of credit union leaders who have significantly impacted their industry at the local, state and national levels. Since opening in 2001, Credit Union House has provided credit unions and credit union groups across the country with a coordination center on Capitol Hill. Each year, the townhouse attracts thousands of visitors, including members of Congress and congressional staffers, business leaders and credit union representatives from around the world. The Hall of Leaders was founded in 2008, and nearly 100 individuals have been inducted to date.

Allen and his fellow 2014 inductees were recognized yesterday as part of the Credit Union National Association's Governmental Affairs Conference in Washington, D.C.

"I am honored and humbled to be joining those recognized in the Credit Union House Hall of Leaders," said Allen. "I am proud of the good that credit unions have done for their members and of the continuous growth in the number of members serviced."

Under Allen's leadership since 1988, Teachers FCU has grown from less than $300 million in assets to nearly $5 billion in assets and is among the largest member-based credit unions on Long Island.

"The Credit Union Association of New York was proud to nominate Bob for this honor, as he has made a powerful, long-term impact within the local, state and national credit union communities," said Association President/CEO William J. Mellin. "In addition to leading one of the most successful credit unions in our state, he has provided tremendous leadership to various committees, organizations and councils within our industry."

Allen has served as a board member for both the Credit Union Association of New York and Empire Corporate FCU; as board chairman of UsNet, the Association's statewide shared branching network for credit unions; and on numerous Credit Union National Association committees, task forces and councils. He currently serves on the Federal Reserve Bank of New York's Community Depository Institutions Advisory Council.

Allen has also received numerous community awards, including the Long Island Business News' 2013 Outstanding CEO Award and the Advancement for Commerce, Industry and Technology's award for excellence and leadership in the field of financial services.

The Credit Union Association of New York has served as the trade association for the state's credit unions for 96 years. New York credit unions have assets of more than $65 billion and serve 4.9 million members. To learn more about CUANY, visit www.cuany.org. To find a credit union or learn more about the credit union movement, visit www.asmarterchoice.org.