A dedication ceremony was held Monday, December 9th to commemorate the renaming of Beacon Credit Union’s Administration Building in honor of the Credit Union’s former President/CEO, Bruce Ingraham. The building has been renamed as the Bruce Ingraham Building in honor of Bruce and his tremendous contribution to the growth and success of Beacon Credit Union during his tenure as President/CEO.
At the dedication ceremony Beacon employees, including the Board of Directors and Supervisory Committee members; along with an intimate group of Bruce’s close family and friends, gathered to remember the man who made such a difference in the lives of so many people, in the credit union industry, the Wabash community, and far beyond. Everywhere he went Bruce inspired others with his charismatic leadership, generous spirit and Christian heart.
“Bruce taught me that leadership was having a servant’s heart and he always emphasized that as a leader it is my responsibility to improve the quality of life for the people we serve and improve the quality of life for the communities we serve in,” said current Beacon Credit Union President/CEO Kevin Willour, who worked with Ingraham for 22 years before his retirement in August of 2012.
Ingraham was a dynamic visionary and in the 32 years under his leadership, Beacon Credit Union saw sweeping changes and unprecedented growth. When Ingraham began his tenure as President in 1981, Beacon was known as Wabash County Farm Bureau Credit Union; it had $38 million in total assets and served only Wabash County. At the time of his retirement, the Credit Union served over 45,000 member-owners and had over $900 million dollars in total assets.
Under Ingraham, Beacon Credit Union continuously added new products and services over the years, which include Share Certificates, Deposit Insurance, the first drive-up window, checking accounts, the first ATM machine, Internet Banking, and Health Savings Accounts. Bruce orchestrated mergers with nine other credit unions over the years, and facilitated the Credit Union’s name change from Wabash Farm Bureau Credit Union to Beacon Credit Union in 2003.
Though Ingraham consistently sought out opportunities for positive change and operational growth, he never lost sight of the principles on which the Credit Union was founded. Staying true to Beacon’s mission of “providing fair and competitive financial products and services responsive to the needs of its members,” was Ingraham’s philosophy throughout his career, and his commitment to that philosophy was instrumental to Beacon’s growth under his leadership.
The decision to rename Beacon’s administration building to commemorate Bruce was easy, according to Willour. “In honor of Bruce’s legacy, we felt it only fitting to rename our Administration Building as the Bruce Ingraham Building. His 32 years of unending service, dedication, and leadership shaped Beacon Credit Union into the sound, member-focused, financial cooperative that it is today. The contributions Bruce made to Beacon and to the entire Wabash Community were tremendous; it’s an honor to rename our building to celebrate his legacy.”