The head of the $4 billion Randolph-Brooks Federal Credit Union in Texas said he is looking forward to Saturday's CUNA Corporate Summit in Chicago as a pivotal conclave where key decisions on the future of corporate services and structure might be made.

Randy Smith, president/CEO of Texas' third largest CU, told Credit Union Times he is primarily representing a 13-member CEO panel chosen by the interim management of the NCUA-conserved Southwest Corporate FCU charged with coming up with a new business model or so-called system wide solutions.

"We are indeed looking for a way to stay with a corporate solution because we know from experience what can go wrong and I'm talking about events of the 70′s," Smith said, referring to a third party, bank-owned vendor that "shut us out of share drafts trying to discriminate." He said that is what led to the formation of the CU-owned Town North Bank of Dallas.