Joe Newberry named CEO of the Year

(September 21, 2018) When Joe Newberry accepts the CUES Outstanding Chief Executive Award in November, it will cap a year of impressive national and international recognitions for Redstone Federal Credit Union and its top leadership.

Newberry, in his 11th year as president and CEO of the 428,200-member credit union, received the recent honor for his professional achievements, his support of employee motivation and his dedication to the community.

“It’s always appreciated to be recognized by your peers. I am especially honored to receive this award and am grateful to work with a talented team of executives and board members who put our members first each day,” Newberry said.

“A strong leader models, motivates and inspires others to be excellent and I try and do that in every area where I serve,’’ he said.

CUES’ (Credit Union Executives Society) mission is to educate and develop credit union CEOs, executives, directors and future leaders.

Newberry’s leadership has been a catalyst for positive change. He’s active on several statewide boards, such as the Alabama Consumer Credit Task Force and the Payday Reform Advisory Committee. His impact is strongly felt in his local community where he has served as chairman of the board for the Huntsville/Madison County Chamber of Commerce, United Way and The Rotary Club of Greater Huntsville.

It’s been a stellar year for Redstone and its membership. Redstone was named Credit Union of the Year by NAFCU in June; named ‘Best Bank’ in Alabama for 2017-2018 by Money® Magazine; Best Achievement of Operational Excellence in Banking, Capital Markets and Insurance and the Platinum Award for Best Achievement in Organizational Operational Excellence at the Business Transformation & Operational Excellence World Summit 2018.

Redstone’s growth is another testament to Newberry’s leadership. When he was named president and CEO in 2007, Redstone had $2 billion in assets, 19 branches and 729 employees. Today, it is a $4.7 billion credit union with 26 branches in operation and two under construction. Its employees have increased to 997.

Redstone has also opened three school branches, with plans for more under way.

About Redstone: With more than $4.7 billion in assets, Redstone Federal Credit Union is the largest member-owned financial institution in Alabama and one of the 16 largest federal credit unions in the nation by assets. Based in Huntsville, Alabama, Redstone Federal Credit Union serves 428,200 members. Chartered on November 28, 1951, Redstone Federal Credit Union has proudly served its members in the Tennessee Valley area for 67 years and has 26 conveniently located branches across North Alabama and Tennessee. Redstone Federal Credit Union provides a level of service that is not generally available at other financial institutions through its philosophy of - People Helping People.