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.
I just spent a vacation in Virginia. The blaring, nonstop attacks of the candidates on each other were completely obnoxious. I couldn’t have been happier to return to Maryland, which is not considered a swing state in this election. During this season marked by expensive, negative and continuous campaign ads...
NAFCU last week announced it had named Martin Breland, president/CEO of Tower Federal Credit Union, as Region II director on the NAFCU board of directors. Breland replaces retiring board member Charlie Thomas, who stepped down after his resignation as a member of the board of Mid-Atlantic Federal Credit Union.
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.
Banker opposition to NCUA’s LICU program is ludicrous. Why do I call it ludicrous? Because their opposition would have to step up several notches on the reasonableness scale to even come close to their normal anti-credit union position of hypocritical.
Rod Staatz, president/CEO of State Employees Credit Union of Maryland, has been elected chair of the executive committee of the Maryland and District of Columbia Credit Union Association.
Renee DeMarco has been named president/CEO of Community Driven Credit Union of Ypsilanti, Mich.
Credit union consultant, blogger and Capitol Hill veteran Marvin Umholtz said the nation’s growing political divide is apparent among credit union leaders and fuels comments he receives from his readers and colleagues.