ECFCU president steps down after 45 years

Published: Thursday, September 5, 2013 at 09:31 AM.

For a deposit as small as $5, one was a member. The board of directors, all volunteers, decided loans.

“I think it was very tough for him to retire because he wants to help people so much,” Ramsey said. “It was a sensitive issue for him. He feels such an obligation to people and to his community.

“What a blessing the community of Port St. Joe has. He is so graceful. He is that caring and compassionate of a man. He always deflects and he is so involved in his community, changing oil for older ladies, putting money in people’s accounts when they need it.”

But times change.

The credit union has a website and an expanded building and more than 4,000 customers. The credit union must charge federally-mandated fees and data processing has replaced single-entry accounting. There are moves afoot to make other changes in how directors are selected and paid and Smith sees that as the “ruin” of credit unions.

“We strive to offer all the services that all credit unions have,” Smith said. “I will continue to help them but I don’t want to be involved in the day-to-day operations.

“The credit union was an opportunity to help people. I want to see that hometown (feel) survive.”



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