For the last several years, U.S. Central Federal Credit Union has been one of NACUSO's "platinum partners," contributing $20,000 each year to the industry group. However, it's still too early to tell whether the corporate's recent conservatorship will have an impact on the alliance.
That's according to Tom Davis, president/CEO of NACUSO. U.S. Central is one of the association's 10 platinum partners. The corporate's $20,000 annual contribution shows the recognition and value of credit union collaboration, Davis explained. In turn, U. S. Central is allowed free registrations to NACUSO's conferences and exposure of their projects at the association's events, on its Web site and in e-mail blasts.
"Quite honestly, it's too early to tell in terms of our relationship with them until the corporate network stabilizes" as NCUA continues to gather comments on its corporate restructuring plan, Davis said on the U.S. Central partnership.
"Just based on these recent events, in terms of economic turmoil, the corporate bailout plan and the convseratorship, there has never been a time in our industry for collaborations and credit unions to come together to do things collectively and create scaleable platforms," Davis said. "There's a heightened need for industry unity and collaboration and cooperation, not a time for fragmentation. That's always been our mantra."
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