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News Now

Washington
CUNA launches Corporate CU task force
WASHINGTON (1/20/09)—A new task force on corporate credit union issues has been established by the Credit Union National Association (CUNA) in recognition of the significance of the corporate network and challenges posed the current economic climate. The Corporate CU Task Force reflects CUNA's ongoing discussion and consideration of corporate credit union issues. The task force’s efforts will supplement CUNA’s review by focusing on specific issues, including capital, function and overall structure of the corporate network. CUNA Chairman Tom Dorety Friday announced Terry West as the chairman of the new group. West is CEO of Vystar CU in Jacksonville, Fla.. Dorety is CEO of Suncoast Schools FCU, Tampa, Fla. The task force will gather in Washington, D.C. in late January to hear from representative stakeholders. Other members of the task force include Dave Rhamy, CEO of Silver State Schools CU, Las Vegas, Nev., Frank Michael, CEO of Allied CU, Stockton, Calif.; Jane Watkins, CEO of Virginia CU, Inc., Richmond; Dale Dalbey, CEO of Mutual Savings CU, Hoover, Ala.; Bob Allen, CEO of Teachers FCU, Farmingville, N.Y.; and Tom Gaines, CEO of the Tennessee Credit Union League, Chattanooga, Tenn. Kris Mecham, chairman of CUNA's Governmental Affairs Committee and CEO of Deseret First FCU, Salt Lake City, Utah, will also be involved as an ex-officio member. The panel is expected to develop its recommendations within the next several weeks.


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