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Pomona College Professor Receives National Credit Union Achievement Award

Pomona College Professor James D. Likens has been selected to receive the 2005 Herb Wegner Memorial Lifetime Achievement Award, sponsored by the National Credit Union Foundation. The award is the highest national honor available in the credit union industry.

Since 1972, Likens has served as President and Dean of Western CUNA Management School (WCMS), a premiere credit union executive development program held at the Pomona College campus. Approximately 400 people attend the management training each year. Graduates of the three-year program have moved into leadership positions at some of the nation’s leading credit unions.

In addition to his work for WCMS, Likens is the long time chairman of the Board of First City Credit Union, which operates across Los Angeles County; the founder and editor of a publication created to disseminate ideas and promote research for the advancement of the credit union movement; and has served on the founding board of directors of the California Credit Union Share Guaranty Corporation.

In announcing its selection, the National Credit Union Foundation noted Likens’ many achievements throughout his credit union career. “He not only designs and develops the curriculum of WCMS, he speaks out forthrightly for credit unions in his teaching, lobbying, writing and consulting, and has served as an expert witness in significant credit union court cases. Through WCMS, he has enhanced the lives of thousands of credit union professionals and advanced the progress of their credit unions."

David L. Chatfield, president and CEO of the California Credit Union League and the 1997 recipient of the Herb Wegner Award, noted that Likens had received his organization’s highest honor, the Leo H. Shapiro Lifetime Achievement Award, three years ago. “We're proud to see him likewise recognized nationally by his peers for his decades of hard work on behalf of credit unions and their members," Chatfield said.

At Pomona College, Likens is the Morris B. and Gladys E. Pendleton Professor of Economics. His courses include Principles of Macroeconomics, Principles of Microeconomics, Microeconomic Theory, Industrial Organization, Labor Economics and a senior seminar on corporate strategy. He holds both a B.A. degree in economics and an M.B.A. from U.C. Berkeley, and a Ph.D. in economics from the University of Minnesota.

The Wegner Award will be presented Sunday, February 27, 2005, at the Foundation’s Herb Wegner Memorial Awards Dinner, during Credit Union National Association's Governmental Affairs Conference in Washington, D.C. The award is named in tribute to the late Credit Union National Association chief executive officer, Herb Wegner, and recognizes his spirit of “innovative, creative, risk-taking” leadership.