>Brookings Oregon News, Sports, & Weather | The Curry Coastal Pilot

News Classifieds Web
web powered by Web Search Powered by Google

News arrow News arrow Business arrow CFCU'S STAN BARON NAMED ONE OF STATE'S GREAT BUSINESS LEADERS

Print

CFCU'S STAN BARON NAMED ONE OF STATE'S GREAT BUSINESS LEADERS

By Marjorie Woodfin

Pilot staff writer

When Chetco Federal Credit Union President and Chief Executive Officer Stanley Baron was thumbing through his latest copy of Oregon Business magazine's Power Book 2007 issue, he was surprised to see a face that he recognized.

"I thought, ‘That guy looks familiar.' I took a closer look and discovered why." It was a shot of Baron himself.

He said that he was thumbing through the magazine because, "We're being considered as one of the top 100 small companies in Oregon, but we won't know until March."

Until he saw his photo in the magazine, Baron said he had no idea that he was even being considered for the recognition as one of "50 Great Leaders for Oregon."

Baron was recognized as a leader in the section, "10 Super Connectors," described as, "Super Connectors know everyone and everything it takes to get things done in business or public policy. They make the connections Oregon needs to keep things humming."

According to the article, "Baron, 63, has led CFCU to be an award-winning credit union and a positive community influence in Oregon's Southwest corner."

Baron is quoted in the magazine in answer to the question about what he wanted to do when he grew up, "I had no idea until I stumbled upon credit unions. During my 36 years in the credit union industry my passion has grown consistently."

Referring to that quote, Baron said, "When you find something that you fall in love with, you're fortunate."

He is definitely in love with his business. "I'm not sure if we succeed in a business because we love the business, or if we love the business because we succeed," he said.

Both Baron and his wife Tina grew up in New Jersey. When they graduated from university they told each other that one day they would drive to the West Coast until they found just the right place.

They settled into jobs in New Jersey and started raising their family, two sons and a daughter. When their daughter took off for the University of Rhode Island, Baron said he looked at his wife and reminded her of their dream of 30 years earlier.

He saw an ad on a Credit Union Association web site advertising the position in Brookings. They had never heard of Brookings, but decided to take a look. And they liked what they saw.

Baron said, coming from the faster moving pace of the busy East Coast, moving to Brookings was culture shock. "When I first heard, ‘No hurry in Curry,' I thought, ‘Oh, oh, I'm in trouble.'"

He explained, "I walk faster than most people here drive," but then he added, "However, I've acclimated, and slowed down my life pace about 40 percent, and I realize that I enjoy it."

He and his family are enjoying life on the Oregon Coast. "Just going to the market or the post office is a social event," he said. "The relationships with the people the credit union, and the community is the most satisfying of my life."

Baron said he loves being in a small town. He said his motivation is, "What can I do for people. Anybody can make loans to millionaires, but we can make loans that can help bring people back to financial stabilization. We're about people."

Baron is looking forward to the March issue of Oregon Business to see if Chetco Federal Credit Union will be recognized as one of the top 100 small businesses in Oregon.

Print

Business News by Yahoo Finance

  • China makes big cut in bank reserve requirement to fight slowdown
    China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth. The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent, effective from April 20, the central bank said in a statement on its website www.pbc.gov.cn. "Though the growth in the first quarter met the official target of around 7 percent for 2015, the slowdown in several areas, including industrial output and retail sales, has caused concern," said a report published by the official Xinhua news service covering the announcement. The latest cut, the deepest single reduction since the depth of the global crisis in 2008, shows how the central bank is stepping up efforts to ward off a sharp slowdown in the economy.
  • For short-sellers in U.S. stocks, the agony just piles on
    In January 2014, veteran short-seller Bill Fleckenstein said he was readying a new fund to bet on falling stock prices. Despite lackluster U.S. economic data, a world grappling with slow growth, concern that Greece and Ukraine could default on their debts, the U.S. stock market has been more than resilient. It has been impossible," Seattle-based Fleckenstein told Reuters. "It all comes down to free money and that old saw - 'don't fight the Fed,'" said Jeff Matthews, who runs Ram Partners, a Naples, Florida-based hedge fund.
  • Another crunch week in Greek bailout saga
    The threat posed by Greece beyond its borders may have diminished but efforts to agree an economic reform program to free up bailout funds and avert default will capture world attention this week. Euro zone finance ministers meet in the Latvian capital Riga on Friday with both sides saying time is running short to keep Greece afloat. Germany said last week it was unrealistic to expect euro zone countries to be able to pay out a new tranche of aid this month. "No one has a clue how we can reach agreement on an ambitious program," Finance Minister Wolfgang Schaeuble said.

Follow Curry Coastal Pilot headlines on Follow Curry Coastal Pilot headlines on Twitter

© Copyright 2001 - 2015 Western Communications, Inc. All rights reserved. By Using this site you agree to our Terms of Use