Community

Vantage Honors the Life of Hubert H. Hoosman, Jr.

The Vantage Credit Union family extends our deepest condolences to the Hoosman family and honors the legacy he forged through his guidance and dedication to his profession, the community, and most importantly, his family.

Hubert H. Hoosman, Jr., retired president/CEO of Vantage Credit Union and cofounder of the African American Credit Union Coalition, was laid to rest on July 10, 2017 at the age of 60.

Hoosman, a graduate of East St. Louis Senior High School, went on to attend the University of Missouri-St. Louis (UMSL). He graduated with a bachelor’s degree in criminal justice, but found his passion in financial literacy, specifically within the credit union industry.

Hoosman began his career at Vantage, then Educational Employees Credit Union, as a teller more than three decades ago. Over the years, he served in various roles until his election as president and CEO of Vantage in 1994. Under his leadership, Vantage grew from $203 million in assets with three locations and 38,662 members to $705 million in assets with 15 locations and 101,710 members upon his retirement in 2013.

Of the proud moments in Hoosman’s tenure, the establishment of the East St. Louis branch held a special place for him. In 2013, the National Credit Union Foundation recognized his work in the lower income community of East St. Louis and presented him with the Herb Wegner Memorial Award.

Hoosman was also an instrumental contributor to the global credit union movement. He was a charter member of the African American Credit Union Coalition (AACUC) and served as president. Through the AACUC, he traveled to Africa to establish credit unions with the goal of providing access to affordable banking and financial literacy resources.

An active alumnus, Hoosman was an advocate in the community for the University of Missouri-St. Louis. He served as a member and chairman of the Alumni Board, the Chancellor’s Council and the Black Alumni Association. He was also inducted into the UMSL Basketball Hall of Fame. To honor the university’s first African American Chancellor, Hoosman played an instrumental role in establishing the Marguerite Ross Barnett Scholarship Fund and erecting a statue in her honor. He also raised over $1 million from across the nation to assist in building the Martin Luther King, Jr, National Memorial in Washington, DC.

After his retirement from Vantage, Hoosman joined his wife, Andreal, in providing residential and commercial real estate services through Haywood Hoosman Realty and H&H Brokerage Group. He was also an involved member of several national and local organizations including the National Association of Real Estate Brokers, St. Louis Real Estate Association, Commercial Real Estate Information Exchange, Omega Psi Phi Fraternity, Inc., St. Louis County NAACP, Union Memorial United Methodist Church, The Urban League of Metropolitan St. Louis, The Whitney M. Young Society and The Regional Business Council.

With that being said, he found his greatest joy in spending time with his family and friends. His memory will forever be cherished.