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CU System
140 CU execs sign up for Southwests Advisory Council
PLANO, Texas (10/19/10)—Roughly 140 credit union executives and volunteers from 11 states have signed up for the Southwest Corporate Advisory Council, according to the Southwest Bridge Corporate FCU’s website. The Plano, Texas-based corporate announced it was forming the council, with the help of the Texas Credit Union League, to advise it on its future and that it would develop a process to receive input from its member credit unions. The deadline to sign up was Oct. 13, and the initial meeting of the council was Friday. The timetable for appointments has not yet been established. Dianne Addington, CEO of Southwest Bridge Corporate, said the goal is to “work quickly” to present a business plan to the full membership regarding the corporate’s future (eFacts Oct. 12). In her most recent “Corporate Update” letter Oct. 12, Addington urged credit unions to maintain services with Southwest during the interim and give consideration to a new plan that will be presented by the council in the next few months. The corporate was among three placed into conservatorship on Sept. 24 by the National Credit Union Administration. The council members are mostly from Texas, but other states represented include: Arkansas, Florida, Georgia, Louisiana, New Mexico, Michigan, Missouri, Okahoma, Oregon and Washington.


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