NACUSO Board to Expand in Size to Give "Broader Representation"
NEWPORT BEACH, Calif. - In a move designed to give NACUSO "a larger, more diverse board to serve NACUSO's growing membership and help its members collaborate, innovate and succeed," the association is expanding the size of its board to 11. The current board includes seven seats plus NACUSO legal counsel Guy Messick. The board expansion is the brainchild of newly elected chair Ava Milosevich, CEO, The SELCO Group. "Expanding the board will give us a broader representation of the growing number of multi-owned CUSOs. We want outside-the-box thinkers committed to innovation and collaboration." Milosevich said she sees the NACUSO Board expansion as being "a pivotal point for the industry." She added that, "The CUSO effort is important enough that we need cutting-edge methods and directors to achieve NACUSO's goal to be the home of credit union solutions." The new board will include: four representatives of NACUSO Platinum Partners; three from the executive staff of CUSOs who are members of NACUSO but not Platinum Partners; two from the executive staff of CUs who are members of NACUSO; and two who are not associated with a CU or CUSO but have demonstrated commitment to NACUSO's goals and have the professional and personal backgrounds to provide value to NACUSO as directors. NACUSO Interim President Vic Pantea, president/COO, Members Gateways LLC, said the nomination process is currently going on. Voting will be by mail ballot and will end Sept. 16. Results will be announced at NACUSO's Annual Meeting Sept. 20 which will be held during the CUSO CEO Collaborative meeting in Kansas City, Mo. Pantea said one of the first responsibilities of the new board will be to form a search committee to find a new president for NACUSO. Pantea, who has been interim president since November 2004 when former president Bob Dorsa stepped down following NACUSO's restructuring into a collaborative CUSO business model, says the association is hoping to have a president in place by the end of the year.