News & Press: Minnesota Credit Union Network News

Two Minn. credit union presidents inducted into national Hall of Leaders

Thursday, March 19, 2015  
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 Steve Ahlness
 Bill Raker

WASHINGTON, D.C. – Two long-serving Minnesota credit union presidents – Steve Ahlness and Bill Raker – were inducted into the Credit Union House Hall of Leaders in Washington, D.C., last week in recognition of their dedication to upholding the credit union mission. This honor is given to those whose commitment has made a significant impact on the credit union movement at the local, state and national levels.

Ahlness, who passed away on March 10, led Mora-based Greater Minnesota Credit Union (GMCU) for nearly 37 years. At the beginning of his tenure, GMCU had only one branch, three employees and $1.5 million in assets. By the time Ahlness retired from GMCU in 2014, the credit union had grown to six branches, 68 employees and $150 million in assets. He also worked tirelessly on behalf of Gillette Children’s Specialty Hospital and served on many community boards and committees. During his career, Ahlness received many industry honors, including the 2005 Minnesota Credit Union Network Professional of the Year Award, the 2014 MnCU4Kids Committee Making a Difference Award and a 2014 Minnesota Credit Union Foundation Credit Union Builder Award.

Raker is currently the President/CEO of Burnsville-based US Federal Credit Union, a $1 billion, 70,000-member credit union serving the Greater Twin Cities Community. His 15 years as US Federal’s CEO boast many accomplishments, including national credit union recognitions for lending, marketing and community service. Within the credit union industry, Raker also actively serves at the executive level on several regional and national committees and corporate boards. In addition to being inducted into the Hall of Leaders this year, Raker is the recipient of several noteworthy industry honors, including being named to the World Council of Credit Unions International Executive Volunteer Corps for his industry efforts in Paraguay and Cambodia and receiving the 2009 Minnesota Credit Union Network’s Outstanding Credit Union Professional of the Year Award.

Accepting his Hall of Leaders award at a ceremony during the Credit Union National Association’s (CUNA’s) Governmental Affairs Conference, Raker said “I am humbled and honored to be named to the Hall of Leaders. It’s a very special recognition to be included with the great leaders who have contributed so much to the credit union movement, and I am privileged to have had the opportunity to be engaged in the great things credit unions do for their members and communities.”

Developed in 2008, the Credit Union House Hall of Leaders recognizes credit union professionals and volunteers whose commitment to service has inspired others in the credit union movement. The names of honorees are prominently displayed in Credit Union House to remind visitors of those who have volunteered their time to perpetuate the credit union movement and who remain committed to the values and mission on which credit unions were founded.

“Over the years Steve and Bill have played influential and integral parts in the growth and success of the state and national credit union movement,” said MnCUN President & CEO Mark Cummins. “Their passion for the credit union philosophy is demonstrated in all that they’ve achieved in their credit unions and communities. I thank them for their service and congratulate them on the honor of being inducted into the Credit Union House Hall of Leaders.”


The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With nearly $20 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.6 million members at 400+ branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034