Corporate Central Credit Union announced that they have filled a current vacant board position with Jim Schrimpf, president/CEO of Brewery Credit Union.
Schrimpf has been involved in the credit union industry for 30 years. He is a past president of the Milwaukee Metro Credit Union Chapter, served as director for both the Wisconsin Credit Union League and League Services Corporation and is a past president of the Milwaukee chapter of the Appraisal Institute. Currently, he is a director and treasurer of Our Milwaukee, a local not-for-profit.
"I am truly honored to be serving with, and on behalf of, my fellow credit unions as a director of Corporate Central Credit Union. Although these are challenging times for all credit unions," Schrimpf said.
Brewery Credit Union is a low-income designated community development credit union that serves Milwaukee and surrounding areas.
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Yost Retires from Diamond CU Board
Diamond Credit Union Board Chairman Herbert Yost announced his retirement from the board.
Yost joined the volunteer board 26 years ago and served as chairman of the board for the past 16 years.
"I am in high spirits as I reflect on the history of this remarkable institution. I feel confident in Diamond's future, and know that I am leaving Diamond in a position in strength where it will continue to be guided by an experienced board of directors, talented senior management team, and dedicated staff," Yost said.
Twenty-six years ago, when Yost joined the board the Pottstown, Pa., credit union had 5,203 members and $10 million in assets. Now the credit union has over 37,800 members and over $348 in assets.
"Herb played a huge role in Diamond's growth and development and his philosophy about putting members first will remain a strong part of his legacy," said John Faust, president/CEO of Diamond.
IRS, Latino CU Group Create Alliance
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Free tax return assistance for low- and moderate-income Hispanics is now available through a partnership between the Network of Latino Credit Unions and Professionals and the IRS.
The two entities have teamed up to promote the volunteer income tax assistance program, which offers free tax return preparation and tax counseling at designated sites nationwide. During tax season, all NLCUP member credit unions will provide information, education and services in Spanish to the limited-English proficiency communities regarding tax compliance, the group said.
The agreement also calls for NLCUP to assist with tax education and outreach on emerging or changing tax laws and issues through dissemination of IRS communication to NLCUP member executive staff, its offices and individual credit unions.
Officials from NLCUP and the IRS held a signing ceremony at CUNA's Governmental Affairs Conference last week.
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