Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Corporate realignment task force expands to eight states
ONTARIO, Calif. (10/22/10)—The Corporate Realignment Task Force established by several Western states has expanded to 12 individuals from eight states, according to the California and Nevada Credit Union Leagues. Newly appointed members of the task force include:
* Shane Berger, CEO of Beehive FCU, Rexburg, Idaho; * Mandy Jones, CEO of Oregon Community CU, Eugene, Ore.; * Joan Opp, CEO of Stanford FCU, Palo Alto, Calif.; * Ken Payne, CEO of Freedom CU, Provo, Utah; and * Robert Ramirez, CEO of Vantage West U, Tucson, Ariz.
They join seven others already on the task force, including:
* Jeff York, chairman, CEO of CoastHills FCU, Lompoc, Calif.; * Ariel Chun, retired CEO of University of Hawaii FCU, Honolulu, Hawaii; * Rudy Hanley, CEO of SchoolsFirst FCU, Santa Ana, Calif.; * Brett Martinez, CEO of Redwood CU, Santa Rosa, Calif.; * Frank Michael, CEO of Allied CU, Stockton, Calif.; * Gary Oakland, CEO of Boeing Employees CU, Tukwila, Wash.; and * Wayne Tew, CEO of Clark County CU, Las Vegas, Nev.
The task force has adopted three guiding principles: (1) an enduring system solution is tantamount; (2) aggregation--rather than system fragmentation--is needed and should occur; and (3) there must be a universal solution that works and is affordable for all types and sizes of credit unions. A guiding principles position paper is available; use the link. The task force is a volunteer group of credit union leaders dedicated to determining what related services credit unions need and will support, and creating a sound, cooperative system to provide those essential continuing services. These services include: item processing; payment system and settlement services; short-term liquidity associated with the settlement process; and possibly investment advice and other related permissible services. Staff support for the task force is being provided initially by California and Nevada Credit Union Leagues with Richard M. Johnson, retired CEO of WesCorp FCU, serving as a consultant. The task force also is consulting with professional staff at Western Bridge FCU, SunCorp, and other system organizations as organizational efforts proceed.
Other Resources

RSS





print
News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
3 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
8 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
8 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
9 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
10 hours ago