In Memoriam: Thomas Sargent | credit score union instances

tom sergeant

The $14.7 billion First Tech Federal Credit score Union headquartered in San Jose, Calif., introduced final week that its former president/CEO Thomas Sargent handed away unexpectedly on Nov. 26.

Sargeant retired in 2010 after being on the helm of First Tech for 25 years. He started his monetary providers profession at age 17 at US Financial institution, and earlier than becoming a member of First Tech, Sargent led a number of Pacific Northwest credit score unions, together with St. Helens Group Credit score Union (now $352 million, St. Ore.-based InRoads Federal Credit score Union) and $284 million, Portland, Ore.-based Pacific NW Federal Credit score Union. First Tech has a robust presence within the Portland metro space.

In accordance with First Tech, Sargent guided the credit score union by means of a interval of innovation and development, which included growing the nation’s first on-line banking answer that offered quite a lot of digital banking choices for members with safe Web transactions . Previous to his retirement, Sargent initiated First Tech’s merger with Edison Avenue Federal Credit score Union, which allowed it to develop right into a $4.5 billion establishment. He additionally served on the board of CO-OP Monetary Providers for a number of years, together with as chairman from 2003-2005. In 2009, he obtained the Herb Wegner Memorial Award.

“Tom was some of the passionate leaders in our trade and never lengthy after his retirement, Tom has served our members, staff and communities as a member of our Board of Administrators and as an energetic supporter of First Tech’s charitable efforts. Proceed to advocate,” First Tech President/CEO Greg Mitchell stated in a ready assertion. “Tom was an inspirational chief who all the time put the pursuits of members first. He was open to new concepts and developed collaborative relationships, which contributed to a optimistic member expertise and a difficult, thrilling and rewarding work setting for workers.

Sargent was additionally famous for her intensive contributions to Youngsters’s Miracle Community Hospitals and for initiating a fundraising program for youngsters’s credit score unions. First Tech stated he was the primary credit score union CEO to function president of the Youngsters’s Miracle Community, which based the primary seven-member credit score unions for Children Nationwide Advisory Board, which remains to be energetic right this moment. Additionally they began the “Hank & Moose Open” summer season golf match in 2000 (now the Northwest Traditional), which has since raised greater than $10.7 million for the Youngsters’s Miracle Community. As well as, his dedication to compassionate medical care impressed the event of the Tom Sargent Security Heart at OHSU’s Dornbaker Hospital in Portland, which has sought donations in his honor.

“All of us at Youngsters’s Miracle Community Hospitals are saddened by the lack of Tom Sargent, one of many nice champions in our group’s historical past,” Terry Nestel, President/CEO of Youngsters’s Miracle Community Hospitals, stated in a ready assertion. “He has left a legacy that’s emblematic of serving to others – particularly, constructing credit score unions for youngsters, which has now raised an astonishing $150 million over the previous 25 years. CMN Hospitals Board Member and As president, Tom introduced a imaginative and prescient that made an enduring affect on 170 youngsters’s hospitals and hundreds of thousands of households within the US and Canada annually. He can be missed.”

Those that want to ship a card to the Sargent household might handle them at: Melissa Staley, Government Admin., First Tech Credit score Union, 5100 NW Dawson Creek Dr., Hillsboro, OR 97124.

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