SEATTLE –The ongoing court battles over conversion and member rights at the $750 million Columbia Credit Union of Vancouver do not make for an easy work environment, but employees are handling the pressure well, according to Parker Cann, president/CEO.
Moreover, the financial condition of the CU, which ranks in the top 10 tier of Washington State CUs, remains sound with a 1.3% ROA, said Cann, who took part in the annual convention of the Washington Credit Union League held last week at the Doubletree Seattle Airport Hotel.
"It's not exactly a comfortable feeling" with the CU getting singled out in the Vancouver/Portland, Ore. media on a regular basis as the lawsuits continue to swirl with a key test apparently headed to the Washington State Supreme Court, said Cann.
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