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Incoming CUNA Chair Calls Current Economy A Challenging Opportunity For CUs

WASHINGTON -- Tom Dorety, the CEO of the $5.9 billion Suncoast Schools Federal Credit Union and incoming-CUNA chairman, suggested credit unions look at the currently slowing economy as a time of challenging opportunity.

By David Morrison | Updated on February 15, 2008

WASHINGTON — Tom Dorety, the CEO of the $5.9 billion Suncoast Schools Federal Credit Union and incoming-CUNA chairman, suggested credit unions look at the currently slowing economy as a time of challenging opportunity.

“On the one hand it’s a challenge because every one of our credit unions is going to see members who will be hurt economically by this and who will need their help,” Dorety said. “But the opportunity comes from those same members and those same problems. This will be a chance for credit unions to have an even more direct and tangible impact on their members,” he added.

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