The Mountain Times

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RRCC names Hance Business Person of the Year

RUTLAND-The Rutland Regional Chamber of Commerce has awarded its annual Business Person of the Year honor to Ron Hance, the CEO of the Heritage Family Credit Union.

Hance said he didn't see it coming.

"No way," he said. "I had no idea. I was at the Chamber's annual meeting luncheon, and I was overwhelmed. It took me completely by surprise."

The ceremony was held last Wednesday, Oct. 24, with family and HFCU's board of directors present.

According to a statement from the Chamber, Hance was chosen due to his long involvement with the World Council of Credit Unions, and his participation with the National Credit Union Association, as well as the Association of Vermont Credit Unions.

A little closer to home, Hance was noted for his involvement with both the College of St. Joseph's and with the Rutland Regional Medical Center. Most recently, Hance was inducted into the Credit Union Executive Society's Hall of Fame. 

When Hance began as CEO at Heritage Family Credit Union, HFCU had just over $2 million in assets, three employees and one branch. 

"I developed a passion for it," Hance said. "I hired many good staff, and they have gotten us to where we are. It's not a one-man show by any means."

Today, Heritage Family Credit Union has over $331 million in assets, over 130 employees and nine branches with two student credit unions, and will soon open a new operations center.

"HFCU has a lot of potential," Hance said. "Growth will be done organically. We'll take care of our immediate future. Any more growth is at least three or four years away."

According to the Chamber statement, Hance "has truly made a difference in the lives of Heritage Family's employees, our members and the communities in which the credit union serves." 

For more information about Heritage Family Credit Union, visit, or call 888-252-8932.