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McMorris elected chairman of National CU Foundation
DENVER (2/15/08)--Allan Kemp McMorris, president/CEO of Oakland County CU in Waterford, Mich., was elected chairman of the National Credit Union Foundation (NCUF) at its annual meeting this week in Denver. In his acceptance speech, McMorris remarked how the foundation has evolved since the Community Investment Fund was created in 1999. “We’ve seen phenomenal growth in grant dollars--from less than $200,000 to more than $6 million. We’re making a widespread impact on our industry--with foundation programs and grants reaching all 50 states, thousands of credit unions, and millions of members.” At the same time, he said, “The Foundation board has expanded and grown more diverse, representing all sectors of the credit union community.” The NCUF Board includes natural-person credit unions from all asset ranges, corporate credit unions, state credit union foundations, state credit union leagues, and national credit union support organizations. McMorris will continue to encourage credit union membership growth and youth financial education--key goals of the two largest programs receiving NCUF funding: REAL Solutions and Biz Kid$. As chairman of the Credit Union National Association (CUNA) the past year, McMorris created CUNA’s Membership Growth Task Force (News Now June 5, 2007). He focused on ways to attract Generation Y--young consumers who typically use three different financial providers. “Our challenge is to make sure credit unions are among their choices, become their primary financial institution and help them benefit from financial literacy," McMorris said. McMorris will step down as CUNA chairman on March 3. While NCUF and CUNA are separate organizations with different boards, he said, they share common goals of strengthening credit unions and empowering consumers. “Our two organizations succeed together,” he concluded.
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