Louise McCarren Herring

Louise McCarren Herring
Born	September 20, 1909 Ohio
Died	November 2, 1987(1987-11-02)(aged 78) Cincinnati, Ohio
Occupation	Credit unionpioneer

Louise McCarren Herring(September 20, 1909 – November 2, 1987), was anOhionative, recognized as one of the pioneer leaders of the not-for-profitcooperativecredit unionmovement in theUnited States.Herring is universally regarded in the United States credit union movement as being the “Mother of Credit Unions” for her work with the movement since its earliest days.

Herring was one of the attendees at the 1934Estes Park, Colorado,meeting that established theCredit Union National Association(better known asCUNA). Also attending the Estes Park meeting wereEdward Filene,Claude Clark, andDora Maxwell.Herring’s commitment to the value of credit unions elevated her to national leader of the movement. Herring is credited with helping to establish five hundred credit unions and was a supporter of thedual share insurance system,helping to establish the privateNational Deposit Guaranty Corporation,which is now known asAmerican Share Insurance(ASI).

Prior to her marriage, she served as the first paid Executive Secretary of the Ohio Credit Union League (nowOhio Credit Union System) which she co-founded. Herring also served as the longtime manager of KEMBA (Kroger Employees Mutual Benefit Association) Credit Union in Cincinnati.

Herring was inducted into theNational Cooperative Business Association'sCooperative Hall of Famein 1983.CUNA annually awards theLouise Herring Award for Philosophy in Action,which recognizes those credit unions which “demonstrate the exceptional effort to integrate credit union philosophy” (not for profit but for service) into the daily operations of their credit unions and recognize their commitment to superior service to their member/owners. The Ohio Credit Union System tri-annually awards theLouise McCarren Herring Lifetime Achievement Awardto those individuals who have demonstrated a lifetime dedication to the advancement of the credit union movement inOhio.

Louise McCarren Herring died inCincinnati, Ohio,in 1987.

See also

• History of credit unions

External links

• Brady, Ginny (Sep 3, 2008)."The Original Credit Union" Gen Y'er "".Plattsburgh, NY:UFirst Federal Credit Union.Archived fromthe originalon 2009-05-04.More detailed biography of Herring.