On behalf of Tower’s Board of Directors and Senior Management team, I want to thank those of you who attended Tower’s Annual Meeting on May 14. If you were unable to attend, a copy of Tower’s 2018 Annual Report is available here.
A formal election for Tower’s volunteer Board of Directors was not required, as the number of candidates approved by the Board’s Nominating Committee equaled the number of vacancies on the Board. Thank you to Monte Dzurenko and Alan Smith for your willingness to serve another term on the Board and to help continue to guide and direct our credit union.
Turning Over the Reins
I’ve decided it’s time to turn over the reins and step down as Board Chair. I’ve enjoyed my time as Board of Directors Chair immensely, and continue to feel honored that my fellow volunteer Board members elected me in 2015 to lead such a talented and forward-thinking group of exceptional individuals. I am proud of the accomplishments we have achieved during that time, and the industry challenges we have weathered and successfully overcome. I am especially proud to have led Tower’s dedicated employees and management team who strive daily to deliver service excellence and help our members realize their financial goals and dreams.
I am pleased to announce that the Board has elected Arland White as the new Board Chair. Arland has volunteered with the credit union for over 15 years, on both the Supervisory Committee and on the Board of Directors. During his tenure on the Board, Arland has chaired the Executive Compensation Committee and served on several Board committees, including Budget, Planning, Nominating, and Education and Training. He most recently served in the position of Vice Chair. Arland joined our sponsoring agency in 1982 and became a Tower member that same year. He has over 30 years of federal experience in finance and accounting and has served in a variety of management and staff positions.
The Board has also elected Allen Brisentine as the new Board Vice Chair. Allen served as a Security Advisor to Tower’s Board for several years before becoming a Director on the Board in 2013. As a Director, he has served as Chair of the Nominating Committee and a member of the Planning Committee. He joined our sponsoring agency in 1981 and became a Tower member that same year. Allen has worked in, and led security and counterintelligence organizations responsible for preventing, detecting and deterring espionage and terrorism.
As you can see, I am leaving the leadership of our volunteer Board in very capable hands! Congratulations to both Arland and Allen on your newly-elected positions.
While I will no longer be serving as Board Chair, I am happy to say that I will remain a part of Tower’s leadership, and will continue to serve as on both Tower’s and the TowerCares Foundation’s Boards as a Director. Tower will continue its focus on safety and soundness, and on our mission to offer members a range of great financial services, new products and cutting-edge technologies to make banking with us convenient, cost-effective and secure.
TowerCares Continues to Give Back to the Community
One event I am especially proud of that happened during my tenure as Board Chair is the launch of the TowerCares Foundation. Since its inception in 2015, the Foundation has donated over half a million dollars back to the community through grants, scholarships and donations.
And TowerCares continues to do great work in 2019! Here are some of the highlights for the first half of the year:
- TowerCares awarded a $10,000 grant to the Stephen Siller Tunnel to Towers Foundation, in support of Senior Petty Officer Shannon Kent. Officer Kent was a Navy Chief Cryptologic Technician stationed at Fort Meade, who was killed in the line of duty in Syria in January. The donation to the Tunnel to Towers Foundation, which was started in memory of a firefighter killed on 9/11, will help pay Officer Kent’s mortgage, so that her husband and two small children can stay in their home.
- TowerCares awarded a $3,000 grant to Camp Attaway, a therapeutic summer camp for children in Howard County ages 7-13 who have behavioral and emotional challenges.
- The Fisher House Foundation received a $7,500 grant for their Heroes Legacy Scholarship program that supports dependent children of military personnel who have fallen in battle, died or were disabled while on active duty.
- TowerCares awarded a $5,000 grant to the Zachary Hebda Foundation to support Camp Sunrise, a week-long summer camp for child cancer patients and survivors.
- Partners in Care received a $7,500 grant for their Veteran Support Program. The program provides transportation to medical services, access to recreation activities, respite for caregivers and family, companionship and peer support to deter isolation and depression for Veterans 50 years and older.
- Tower Federal donated 50 used, working cell phones to TowerCares to benefit the Maryland Center for Veterans Education and Training (MCVET) in Baltimore. The donated phones will help the homeless veterans living at MCVET to stay in touch with family, look for jobs and work towards regaining their independence.
- Tower Federal’s Collections Department donated over 200 items to help fill Operation First Response Heroes Backpacks.
And last but certainly not least, the second annual TowerCares scholarship program wrapped up in May. The Foundation received close to 200 applications, and is excited to offer this opportunity again this year for five exceptional students. The scholarship winners will be announced later this summer.
I sincerely want to thank Tower’s members and employees for their generosity and continued support of TowerCares over the past four years. To learn more about TowerCares and the organizations the Foundation supports, visit towercaresfoundation.org.
Share the Wealth of Membership
I want to end with this message with a reminder that your credit union is here for you, regardless of the season. Maybe you’re buying a home this summer, or in need of a new car, or you’re getting married or expecting a new baby (or grandbaby). Your financial needs are as unique as you are, and Tower is here to serve you through all the ages and stages of life.
On behalf of the Board, I thank you for your Tower membership. Thank you for the opportunity to serve as your volunteer Board Chair for the past four years. If you know family members, friends, co-workers and neighbors who are not yet Tower members, I encourage you to invite them to join Tower, so they too can enjoy the benefits and savings of lifetime credit union membership.