Consultants seem to agree that governing a credit union has become more daunting. And the trend toward greater board accountability isn’t likely to go away.
The Northwest Credit Union Association made it official last week. Its veteran CEO John Annaloro is retiring Oct. 2. He will be succeeded by Troy Stang, the president of the trade group that resulted from the merger of the Oregon and Washington leagues in 2011 and includes members from Alaska.
SafeAmerica Credit Union Board announced that Barry Roach will be its new president/CEO. Roach was previously the vice president of retail delivery at Meriwest Credit Union, based in San Jose, Calif.
Northwest Federal Credit Union announced the selection of Chris McDonald as the successor CEO to Gerrianne D. Burks, who will retire in mid January after a 41-year career at the Herdon, Va., credit union.
Neighborhood Mortgage Solutions LLC announced the appoint of Greg Wischmeyer as CEO. Wischmeyer comes to NMS with over 30 years of experience in the lending market. He will lead a team of mortgage professionals from the CUSO’s home office located in Frankenmuth, Mich.
The Credit Union Association of New York has created an online resource center to assist credit union professionals, volunteers and members in identifying candidates that are and have been supportive of credit union issues.
Call CEO pay the credit union governance hot potato. “This is certainly an increasingly hot topic,” said attorney Michael Lozoff, chair of the credit union practice at Shutts and Bowen in Miami.
Bob Corwin will become the new president and CEO of the $930 million Advantis Credit Union of Milwaukie, Ore. on Oct. 15, the credit union said.
Because credit union boards are members too, they know how they’re treated as members and what they expect from their financial institution. But at the same time, they need to be more savvy than the average member about what’s happening at the credit union.
Governance questions may not get more visceral – who makes the biggest decisions at a credit union? The question is easy to ask, but for some, it can be bafflingly hard to answer.