The Minnesota Credit Union Network is proud to announce the posthumous induction of Ray Burnett into the 2021 Credit Union House Hall of Leaders in Washington D.C.
The inductees exemplified the “people helping people” philosophy and demonstrated a commitment to inspiring others in the credit union movement. The Credit Union House Hall of Leaders provides recognition at the Capitol Hill facility for a distinguished group of individuals whose leadership serves as a model for credit union leaders throughout the country.
Ray Burnett was President/CEO of Mid Minnesota Federal Credit Union (MMFCU) from 1980 until his retirement in 2002. During his tenure at MMFCU membership grew by nearly 500% and assets grew to 20 times their original level. A strong advocate for smaller credit unions, Ray assisted many struggling cooperatives throughout his career, often at the request of the NCUA. Mr. Burnett was very active in both his community and in the state and national credit union system. He served as a director for CUNA, the National Credit Union Foundation, and CUNA Service Group. He was a founder and the first Chairman of the National Association of Community Credit Unions. In Minnesota, Ray was Chair of the Minnesota Credit Union Network (MnCUN) and served as a director for Minnesota Corporate Credit Union. Mr. Burnett earned dozens of industry honors during his career, including MnCUN’s only two-time recipient of the Outstanding Professional of the Year.
“The legacy that Ray left at Mid Minnesota Federal Credit Union and our community is still felt. Ray was passionate about serving people and investing time in the community,” said Chuck Albrecht, MMFCU President/CEO. “It has been an honor to follow his strong leadership and continue to build on the foundation he had established.”