ARLINGTON, Texas – Don Mullins, who was Chief Operating Officer of Texas Trust Credit Union from 1989 to 2004, was inducted into the Cornerstone League’s Hall of Fame for his 44 years of service to the credit union movement.
The Hall of Fame Award recognizes leaders in the credit union movement who embody the rich history of service in the industry. Mullins, like other Hall of Fame recipients, was a pioneer for his many industry contributions that shaped today’s credit unions.
Mullins continues to contribute to credit unions today even at the healthy age of 80 and after a total of 44 years in the industry. He spent 25 years in executive positions at three credit unions, followed by nearly 20 years of supporting small credit unions in an advisory capacity through his firm, the Mullins Group.
During the liquidity crunch in the early 1980s, Mullins worked with the National Credit Union Association to develop policies that gave 90 percent of credit unions a permanent source of backup liquidity. He also had a monumental role in developing the strategy for a collective group of credit unions to purchase Town North Bank and gain the ability to offer checking accounts and later on credit and debit cards. This move enabled them to provide broader financial services to compete with banks.
“We are proud of the legacy Don created for Texas credit unions and Texas Trust,” said Willy Kelsey, President of Texas Trust Credit Union. “Many of the policies and best practices Texas credit unions follow today can be traced back to Don.”
Kelsey added, “His foresight and leadership were instrumental in building a sustainable future for Texas credit unions.”