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<p>FORT LAUDERDALE, Fla. – Forty-eight CEOs from credit unions throughout the country convened here January 20-22 for the Pennsylvania Credit Union League’s CEO Summit. California Credit Union League President/CEO Dave Chatfield kicked off the opening session with a discussion on current trends in the credit union movement. He focused on CEO compensation, credit union consolidations and mergers, charter conversions, competition and cooperation. Chatfield emphasized to the audience the importance of credit unions being involved in grassroots and regulatory advocacy, and he suggested that grassroots activity should be part of every CEO and management-level job description. Mike Schenk, vice president of economics and statistics for CUNA gave an overview of the economy, including the economical impact on credit unions and what they should look for to maintain adequate net worth. Also speaking was Hal Fried, an economics professor at Union College in Schenectady, N.Y. and a researcher for the Filene Institute. He presented a session on evaluating a credit union’s performance. In addition to the Pennsylvania league, the annual CEO Summit is co-sponsored by the Delaware, Maryland and West Virginia Credit Union Leagues. This was the third consecutive year the Summit was held.</p>

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