About Us: Message from the President
I would like to convey my gratitude to the Credit Union Board for placing my name in nomination for the Credit Union presidency and to the members for electing me president. The position opened with the passing of our long serving president, Klaus Vogel.
I have been associated with with the Credit Union since its founding in 1970. My team and I have been responsible for the 24/7 operation of the Lufthansa Data Center, located at the LH building in East Meadow. In addition to on-line systems for cargo (LOCATE), accounting (OMEGA), payroll / personnel complex, most applications for LH North America were processed using the latest models of IBM mainframe computers. The Credit Union has been one of these applications. Also, I have served on the Supervisory Committee of the Credit Union for decades.
From humble beginnings, our Credit Union has grown to more than 3,000 members worldwide and 75% of Lufthansa employees in the U.S. are members. We consistently outperform our competitors through better returns on savings, lower interest on loans and credit cards. In all these years, our Credit Union never posted a loss. We can truly be proud of these accomplishments.
For a number of years now, our Credit Union has earned an 'A' rating by the largest, independent ratings agency for financial institutions in the country. Our Credit Union is rated in the top 1% of all financial institutions in the U.S.; better than the large money center banks.
For the benefit of our members, it has been and still is our fundamental goal to strive and outperform our peer institutions. With the support of the Credit Union board of directors, the Credit Union officers and our members we will continue to be a 'not for profit' organization promoting the welfare of our members. To the best of my ability, I will strive toward that goal.