Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CEO of converted CU to retire
ROCHESTER, Minn. (12/17/07)--Paul Horgen, CEO of Think Mutual Bank, formerly Think CU, will retire in 2008--no later than the fourth quarter, he announced Wednesday. Succession plans are yet to be announced (Post-Bulletin Dec. 14). Horgen has been in charge of the Rochester-based Think for more than 20 years. In 2003, Horgen was the driving force behind the name change from IBM Mid-America Employees FCU to Think CU. Previously, he was CEO of Moose Lake CU in Minnesota. Think FCU's application to convert to a mutual savings bank was approved by the Office of Thrift Supervision (OTS), effective July 1 (News Now June 13). Members voted 51% to 49% in favor of the change, with 24,807 members out of more than 80,000 eligible voters casting ballots. The results were announced at a special meeting March 14 attended by about 200 people (Post-Bulletin March 14). Think CU was founded as IBM Mid-America CU, 46 years ago by employees of International Business Machines. It has nearly $1.3 billion in assets.


RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
3 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
3 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
4 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
5 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
7 hours ago