Dave Adams, CEO of MCUL, Diane Moilanen, and Brenda Lippens, UP Education Committee Chair






Distinguished Service Award Recipient

                       Diane Moilanen:  Settlers Federal Credit Union 


Diane Moilanen has been involved in financial services for over 40 years. When Diane was hired by Settlers Federal Credit Union in January 2000, the NCUA was on the verge of closing the credit union. At that time, the credit union assets were $4,002,822 with a Capital-to-Asset ratio of 4.59% and a delinquency ratio of 2.09%. Today, Settlers Federal Credit Union’s assets are $20,049,662 (over 400% growth), its year-end Capital-to-Asset ratio was 10.88% and delinquency was 0.38%! For 2014 Yield on Earning Assets, Settlers ranks 3rd out of Michigan’s 274 credit unions and 1st out of the 28 U.P. credit unions.
During her tenure, the credit union built a new main office, changed its name and charter to a Federal community based charter covering Ontonagon and Gogebic counties, and leads the way in technology—striving to serve its members 24/7 no matter where they are.
Diane is a strong advocate of U.P. Credit Unions and the credit union movement. She works hard at helping and representing the U.P. Chapter and small asset size credit unions. Diane has been featured in the 2014 MCUL Contact magazine and CU Mutual News-Executive Leadership Edition.
From 2000 to present, she has been involved in the following credit union related activities:
            CEO of Settlers Federal Credit Union                       MCUL Small Asset Size Committee
            U.P. Chapter Chairperson                              MCUL Grass Roots Political Contact
            U.P. Executive Committee Member             MCUL System Structure Committee
            U.P. Chapter Annual Meeting Committee    MCUL District Coordinating Council
            MCUL Governance Task Force                       Cuna Mutual Select Council Member*
                      *1 of 10 members selected from across the U.S. to represent smaller credit unions
Diane is also very involved in her local communities, besides spearheading numerous fundraisers for victims of cancer and house fires, she has been involved with or belongs to the following:
            Stannard Township Trustee
            SONCO Ambulance, Inc (Board member for 7 years, chairperson for 5 years)
            Family and Consumer Science Advisory Council
            Ontonagon Valley Sportsman Club member & volunteer
            Ontonagon Valley Little League (10 years as President)
            Ontonagon Valley T-Ball Coach
            Hiawatha Cub Scouts (Secretary & Den Mother)
            Ewen Archery Statistician
Diane believes in credit unions and the credit union movement. People Helping People, Credit Unions Helping Credit Unions, it’s more than just a saying, it’s a way of life for her. In fact, Diane’s license plate is “TRYCU” because she believes everyone should “TRY” “C”redit “U”nions.

Distinguished Service Award Past Winners