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News Now

CU System
Herring notes power of cooperatives
CINCINNATI (3/17/08)--Bill Herring, CEO of Cincinnati Central CU, spoke about the power of cooperatives when addressing attendees of the Credit Union National Association’s 2008 Governmental Affairs Conference in Washington, D.C., earlier this month. Herring discussed the need for credit unions to build stronger relationships with local cooperatives during a breakout session titled “All in the Family: Co-ops as Advocacy and Business Partners” (eLumination March 13). “It is important that credit unions are exposed to the opportunities provided by the cooperative movement in the U.S.,” Herring said. “As credit unions look to get more involved with small business, it is important to look to the future, and I believe that you will find many opportunities in your own communities by working with worker-owned cooperatives,” he continued. As an example, Cincinnati Central CU provides membership to employees of Co-op Janitorial Services in exchange for their services, Herring noted. For more information about cooperatives, use the link.
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