New CEO Diana Dykstra Settles In
Diana Dykstra, former CEO of San Francisco Fire CU, had just a month as head of the California and Nevada Credit Union Leagues before facing the audience of several hundred credit union executives at its annual conference. She sat down with Credit Union Times Editor-in-Chief Sarah Snell Cooke to discuss her transition and the state of credit unions during that busy time and shared her thoughts on her sand state responsibilities and collaboration and cooperation.
DD: Certainly consolidation is part of what's happened to us for a number of years. Consolidation is a natural progression of things. I do think that if we can collaborate more and really help each other systematically or system-wide, we can slow the consolidation. But it is natural. We've got two large credit unions, one in California and one in Oregon that are merging-and it just creates a better economy for them. But I do think we'll continue to see it. I hope we can slow the amount.
SSC: Is the consolidation good for the industry in general? Maybe not necessarily for some of the credit unions that are having difficulties, but in general do you think they'll come out maybe larger and stronger?