U.S. Central Elects Board Members

LENEXA, Kan. – U.S. Central elected three board members at its annual meeting and spring conference held in Miami. West Virginia Corporate CU CEO Charlie Thomas was elected to a three-year term as a Class A-3 director; CenCorp CEO Bill Walby was re-elected to a three-year term as a Class A-4 director; and Missouri CU Association CEO Rosie Holub was re-elected to a serve as a noncorporate director with a term to expire in 2009. A few years ago U.S. Central’s board was revamped to give corporates of all sizes a larger voice in the organization. Directors in Class A-1, A-2, and A-3 are chosen from CEO’s of corporates based on their investment in U.S. Central. There is also an A-4 seat that is held by a corporate CEO regardless of investment in U.S. Central. The board is rounded out with Mid-States CEO Dave Preter, Empire Corporate CEO Joe Herbst, First Carolina Corporate CEO David Brehmer, Northwest Corporate CEO Kathy Garner, Mid-Atlantic Corporate CEO Ed Fox and CUNA Chief Operating Officer and Executive Director John Franklin. U.S. Central also reported at the meeting that year-end 2005 assets were $36.6 billion, compared with $36.4 billion at year-end 2004. Retained earnings totaled $623.6 million, up from $577.5 million a year earlier.