(March 27, 2018) Redstone Federal Credit Union® is excited to announce that it received two high honor continuous improvement awards during a special ceremony held this month at the Business Transformation & Operational Excellence World Summit (BTOES18) in Orlando, FL.
Redstone took home the Best Achievement of Operational Excellence in Banking, Capital Markets & Insurance, as well as the highest honor in the award program, the Platinum Award for Best Achievement in Organizational Operational Excellence.
“You can create an amazing strategic plan,” said Joe Newberry, CEO and President of RFCU, “however, culture is the engine that drives strategic objectives and performance. It is the greatest tool for achieving organizational success—you need your people aligned and a culture that supports it to achieve results.”
In 2014, the credit union deployed an immersive culture transformation process that spanned five years. Since then, Redstone has experienced breakthroughs in cross-collaboration and strategic alignment, surpassing its previous metrics and achieving maximum-tier goals.
Redstone competed against international corporations, such as BNY Mellon and State Street Corporation, to be named the winner in the category of Operational Excellence in Banking, Capital Markets and Insurance.
The Platinum Award captured the ‘best of the best’ of all entries beating out major corporations that included Bristol-Myers Squibb and Arrow Electronics.
The Business Transformation & Operational Excellence Awards were established to showcase globally the most outstanding organizational achievements through the application of Operational Excellence programs. The awards are administered by Global Media Research LTD of London through nominations by leading operational consultancies across the globe.
About Redstone Federal Credit Union
With more than $4.5 billion in assets, Redstone Federal Credit Union is the largest member-owned financial institution in Alabama and one of the largest federal credit unions in the nation by assets. Based in Huntsville, Alabama, Redstone Federal Credit Union serves nearly 388,000 members.
Chartered on November 28, 1951, Redstone Federal Credit Union has proudly served its members in the Tennessee Valley area for 65 years and has 26 conveniently located branches across North Alabama and Tennessee.
Redstone Federal Credit Union provides a level of service that is not generally available at other financial institutions through its philosophy of – People Helping People.