Gary Soukenik, president/CEO of Seven Seventeen Credit Union, added his voice Monday to the chorus of credit union CEOs eager to become enthusiastic advocates for the industry on the newly formed Community Depository Institutions Advisory Council of the Federal Reserve.
The initial reviews are in from the meeting this week between credit union CEOs, community bank CEOs and top brass of Federal Reserve banks, and so far the assessment of what was discussed on everything from interchange to Fannie/Freddie status was favorable.
CEOs being appointed this month to the newly formed advisory panels of Federal Reserve district banks are eager to become CU advocates and plan to raise the debit interchange issue.
The credit union story from the industry's beginning includes regular people taking a do-it-yourself approach to solve seemingly insurmountable environmental pressures and creating something new.
Corporate America Credit Union today announced it had hired Joy Breedlove, formerly vice president of educational programs with the League of Southeastern Credit Unions, to develop and execute an educational initiative for its member credit unions.
Two credit unions with assets of less than $300 million have found that smaller size need not preclude them from having strong mortgage programs.
CUNA and NAFCU's PACs supported more winners than losers in the midterm elections, yet CUs still lost some key allies.
Political newcomer Rand Paul, a favorite of credit unions and the tea party movement, has won the U.S. Senate seat in Kentucky, according to Associated Press projections.
While Kentucky credit unions are performing higher than the national average in a number of areas, the cooperatives were challenged by CUNA Mutual Group to seek out more growth strategies.
Using an add-on appliance to turn its wide area network into a kind of virtual local area network, Louisville, Ky.-based Park Community Federal Credit Union has eliminated the need for servers at its branches.