Former Dallas Postal Credit Union (Neighborhood Credit Union) President and CEO Dies at 92

Dallas, TX: On April 9, 2021, former CEO of Dallas Postal Credit Union, Calvin C. Phillips, died at 92. He led the Texas credit union for 30 years, from 1958 to 1988. 

Mr. Phillips first began his credit union career in 1948 as a part-time employee at Cotton Belt Credit Union. In the same year, he moved to Dallas Postal Credit Union (renamed Neighborhood Credit Union in 2001). After working at the credit union for 10 years, Phillips was elected as President and CEO in 1958.  

In the early 1970s, Phillips was elected to the Texas Credit Union League Board of Directors, where he served for 18 years. He was among the League Board of Officers who negotiated the purchase of Town North National Bank on behalf of Texas credit unions. He was selected to serve as League chairman in 1976 and 1977 and also served on the Credit Union National Board for 12 years. In 1979, Governor Bill Clements appointed Phillips to the Texas Credit Union Commission, where he served as chairman from 1983 to 1985.   

Phillips retired from his position as president and CEO of Dallas Postal Credit Union in 1988. In his 30 years as leader of the credit union, membership grew from a little over 2,000 members to over 18,000. After retirement, Phillips remained an active member of the Neighborhood Credit Union Board of Directors until 2012. 

“Calvin was a pioneer in the credit union industry and led Dallas Postal Credit Union to many major milestones,” says Chet Kimmell, President and CEO of Neighborhood Credit Union. “Personally, he was a friend and mentor to me and will be greatly missed.” 

As an active part of the community for 91 years, Neighborhood Credit Union is a not-for-profit financial organization serving the state of Texas with branch locations in Collin, Dallas, Denton, and Ellis counties, as well as the city of Arlington. With assets topping $1 billion, Neighborhood Credit Union has a continuously growing membership of 56,000. For more information, call (214) 748-9393 or visit myncu.com.