Two more credit union CEOs, one from Rapid City, S.D., and the other from Duluth, Minn., will be filling the so-called outreach slots on one of those Federal Reserve Board Advisory panels made of community bank and CU leaders serving district banks.
Marking its first merger in three years, the $1.7 billion Redwood Credit Union of Santa Rosa, Calif. is taking over the ailing $90 million Cal State Central CU effective April 1.
The winner of CUNA's four-way race for a seat on the 2011 Board of Directors, Pat Wesenberg of Wisconsin, thanked her backers Wednesday and lauded her opponents for "their passion and devotion to the cause."
CUNA announced on Wednesday the winners of contested election races for its 2011 Board of Directors and among them was Pat Wesenberg of Marshfield, Wis., who competed in an unusual four-way race against challengers from Kansas City, Iowa and Chicago.
CUNA President/CEO Bill Cheney came to head up the largest national credit union trade association during a period of great tumult.
The nation's attention may be on the Nov. 2 mid-terms but there's plenty of election-year jockeying this month for the CUNA Board of Directors.
As I write this, the entire credit union industry is jittery with anticipation regarding Friday, Sept. 24 with the corporate credit union regulation and legacy asset plan and possible execution of it.
CUNA President/CEO Dan Mica met with Treasury Secretary Timothy Geithner to urge the administration support legislation that would raise the cap from 12.25% of assets to 25%.
The legal clash from last October pitting Alabama's top regulator against the CEO and board of the $193 million failed Mutual Savings Credit Union of Birmingham, has been settled out of court, it was announced this week.
The chairman of American Share Insurance Corp. reaffirmed the viability of the private system, as one "which is already shown to be working well" and yet the heated rhetoric over comparisons with NCUA is getting wearisome.