LITTLE ROCK, Ark. – Former NCUA Board Member Bob Swan has joined the staff of CUSO Partners LLC, a credit union-owned securities broker/dealer as a consultant. D. Henry Blevins, SVP/investor relations of the company said Swan's employment with CUSO Partners was effective April 1. "We did a trial run with Bob at the CUNA GAC at our booth in the exhibition hall to see if our personalities worked together, and they fit like a glove," said Blevins. Swan served on the NCUA Board from 1990-1996. Since leaving the agency, the Tooele, Utah-native has started his own credit union lobbying and consulting firm and has lobbied on several occasions for the Utah League of Credit Unions in the on-going battle in that state between credit unions and banks. Swan said he plans to continue to operate his consulting and lobbying business while working for CUSO Partners. "It will be a full plate, but there's no conflict of interests," he said, adding that he's looking forward to "getting back on the road and meeting with credit unions." Commenting on his new opportunity with CUSO Partners, Swan said when he first saw CUSO Partners' program he thought "it was a great opportunity for credit unions to increase their return on their investment portfolio and give them an alternative on how they've been investing. NCUA examiners look to see if credit unions are making choices in their investments and not locking themselves in with one firm or one type of investment. They look for diversification, and this is an opportunity to help credit unions with that."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.