News

POUGHKEEPSIE, N.Y. - It isn't just the overall number of women credit union CEOs that's increasing, it's also the number of women CEOs of billion dollar credit unions. In May, Mary Madden became the fifth member of that club when she was named president/CEO of the $1.4 billion-in-assets Hudson Valley...

WEST PALM BEACH, Fla. - Missouri Corporate CU President/CEO Dennis DeGroodt is worried about Midwest corporates losing their voice. DeGroodt proposed that eight Midwest Corporates (some however don't look like they're from the Midwest when looking at a map) merge and form one large Midwest regional corporate. The eight corporates...

ARVIDA, Calif. - After serving as president/CEO of the Colorado Credit Union System for nearly 30 years, Carroll Beach retired in June. But Beach was not out of the CU picture for long. In July, he was named executive consultant with the CU Association of the West. He is assisting...

SAN FRANCISCO-Patelco Credit Union caught the eyes of the credit union community in 2002 when it announced its plan to convert from federal deposit insurance to a private fund. Patelco's members overwhelmingly passed the measure to convert to the American Share Insurance fund with 40,734 votes in favor out of...

VACAVILLE, Calif. - Yet another billion dollar CU CEO job opened up when Bob Siravo stepped down from the $1.1 billion Travis CU to head up WesCorp. Patsy Van Ouwerkerk, formerly president/CEO of Alliance CU San Jose, was named as the new CEO of Travis. Van Ouwerkerk is one of...

ARLINGTON, Va. - The struggle over credit unions' card portfolios raged onward in 2002 as more institutions sold their portfolios to card specialty banks and credit union card advocates began fighting back. The debate over the reputability of credit unions selling their portfolios seemed partially settled after the Florida based...