Dubbed “Bossy Becky” at an early age, Becky Reed knew her drive to succeed was not being downplayed. Despite the good-natured name-calling, Reed’s inherent instinct to lead has helped Western Heritage Credit Union weather through challenges. As the community-based credit union’s CEO, she’s helped the bank during a time when “delinquency was up and the economy was sketchy,” she recalls. Here, she shares with Profile how she gained the trust of customers and helped find solutions during troubling financial times.
My sister and my cousins used to call me “Bossy Becky.” From a very early age, I have always had this classic Type A personality. I have always been very driven, and I guess some people read that as being very bossy. But, I’ve always been a leader and generally, people have always liked me. I remember in school how people would always nominate me to be their group’s leader. I’ve never been afraid to get up in front of people and take charge of the situation.
So far, my personality has suited me well in my professional career. Even though I started in retail management, my entire 25-year career has been spent running a business and managing people. I have always been a part of the service industry and was promoted to the management ranks at a very early age. In 1996, I took a job within the credit industry. I basically went from a retail environment working 80 hours a week to bankers’ hours, so to speak. I have been hooked ever since. I agree wholeheartedly with the credit-union philosophy and have become very passionate about credit unions and how we help our members. It just seems to fit well within my customer- service background.
My family has always been with credit unions, so I was familiar with them from a customer perspective. I started off just wanting to work with a financial institution, but as I started getting into it, I really became immersed in the philosophy of credit unions. The whole credit union environment was quite different back then. Most were based with an employer group, but now, most have evolved into community credit unions.
There have been challenges through the years. We are a community-based credit union, and back in 2009, Western Heritage Credit Union was serving a number of rural counties within the panhandle of Nebraska. At the time, a number of large employers were experiencing layoffs, which greatly affected our members. Our credit union was very proactive and tried to work with them and find solutions. Delinquency was up and the economy was sketchy. Our lending went down, but we were flooded with deposits. In fact, we grew $5 million in a year. People trusted us and wanted to put their money where it was safe.
No matter what happens in the future, I think we are going to continue our efforts to maintain relationships with our employer groups and maintain those contacts within the communities we serve. Throughout my career, I have worked with credit unions worth $50 million to $2 billion and I have seen a lot of different things. At this point, I think we need to maintain what we are doing. It’s tried and true. Why change the formula?
And no, they don’t call me “Bossy Becky” anymore. They are proud of me certainly. Whenever I say that I am a natural leader, people seem to think I want to have authority over people. Leadership is an act of service. I need to make decisions that affect a lot of different people. “Bossy Becky” has grown [up] to be a highly collaborative executive. At the end of the day, it’s not about me. It’s about our staff … our members … our community.