NW League Seeking to Organize Post-United
Reacting to swift-moving developments on the corporate scene including the collapse of United Resources, the Northwest Credit Union Association said Friday it has invited CEOs of leading Western corporates and other providers to its annual meeting Sept. 20-21 to discuss service continuation.
The annual meeting at a Tacoma hotel with more than 700 CEOs from Oregon and Washington CUs in attendance will give CUs, particularly those looking for “alternative sources” a chance to make new contacts with corporate leaders now peddling a variety of settlement, funding and processing services.
Among those invited and scheduled to speak are CEOs from Catalyst, SunCorp and FirstCorp, said NWCUA in an emailed newsletter distributed this week. Representatives of the corporations will also be manning booths during the meeting, which “will be the biggest of its kind” for the the newly minted NWCUA, combining the Washington and Oregon CU leagues.
Also on hand will be representatives of the Federal Home Loan Bank of Seattle. The president of the Federal Reserve Bank of San Francisco was also invited but will not make it because “he has other commitments,” said NWCUA. No commercial banks have been invited, said the NWCUA, even though a number have been active in soliciting new CU clients.
In its “Anthem” newsletter, the trade group cited remarks by various corporate CEOs on their financial status and their planned appearance in Tacoma. “Catalyst, the new corporate credit union created by the expected merger of Georgia Corporate Credit Union and Southwest Bridge Corporate, will staff a booth at the Convention Trade Show. Catalyst CEO Diane Addington is making arrangements to attend,” said the newsletter. “Phoenix-based FirstCorp is already extending its services to other natural person credit unions in the West, and CEO Pete Pritts confirmed representatives will approach Northwest credit unions specifically.”
SunCorp of Denver said its CEO Tom Graham will lead a breakout session, said NWCUA.
It was unclear what two other trade groups, the California/Nevada Credit Union League and the new Mountain West Credit Union Association might have planned along the same lines as NWCUA.