Mr. Robert Coleman, was President/CEO of Northwest Baptist Federal Credit Union. In 1958, Mount Zion Baptist Church, one of Seattle’s oldest African-American churches, set up a credit union to serve members of its congregation. The idea was that a church-based lender could better serve church members. At the time, many African Americans had trouble doing business with traditional banks and credit unions, due to racism or lack of credit or both.
In the nearly 50 years since then, the credit union strayed very little from its historical mission…offering a handful of products, primarily savings accounts, auto and home equity loans, to members of Mount Zion and the surrounding community in Seattle’s Central District.
On Monday, September 1st 2015, the Board of Directors and CEO of Northwest Baptist Federal Credit Union made a decision to pursue a merger opportunity with Seattle Metropolitan Credit Union (SMCU), another local not‐for-profit financial cooperative headquartered in Downtown Seattle. The decision to merge with SMCU was made in an effort to provide a significant expansion in services and facilities to our members. Robert Coleman relocated to SMCU’s Downtown Seattle Headquarters.
SMCU was founded in 1933 to serve City of Seattle employees. Today it has grown to a $650 million institution with just under 43,000 members. SMCU’s management team is led by CEO Richard Romero.
Coleman said the merger with SMCU will benefit our members for several reasons. As a larger credit union, SMCU is able to offer Northwest Baptist members expanded locations through its branches, ATMs and cooperative network.
Robert L. Coleman, Jr., is a graduate of Prairie View A&M University, Mr. Coleman worked for 13 years as a professional engineer before becoming employed by the U. S. Government Office of Personnel Management, where he served for 35 years until retirement. Mr. Coleman contributed to the credit union movement in a number of positions including Pres/CEO at Northwest Baptist Church FCU and Interim President/CEO of Waterfront Federal Credit Union. He was instrumental in establishing the Youth Outreach Association at the Northwest Baptist FCU and served as Chair of the Youth Advisory Committee of the National Federation of Community Development Credit Unions. He was the 2000 recipient for the Annie Vamper Helping Hands Award from the National Federation for Community Development Credit Union.