PLYMOUTH, Mich. – Advocates from both sides of the issue of credit unions exchanging their charters for those of mutual banks will address the Michigan Credit Union League’s Executive Summit which will be held at the Treetops Resort in Gaylord. According to the League’s newsletter, Michigan Monitor, the September 23-24 meeting will feature Tony Ward-Smith, a member of the $619 million Columbia Community Credit Union and one of the leaders of Save CCU, the members group which succeeded in challenging the credit union’s move to a mutual bank. Opposing him at the podium will be Alan Theriault, senior advisor with CU Financial Services, a consulting firm well known for assisting credit unions with charter changes. “I’m not an advocate of every CU converting – but it is an option a CU might want to consider if it has the management team in place and the significant growth opportunities that would make conversion feasible,” Theriault said. “I’m sure there will be some pointed questions from the audience, but I think the participants will appreciate the opportunity to hear from both sides. They already know what it’s like to be a CU – they might find it interesting to find out about how things look from the perspective of a mutual savings bank.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.