MADISON, Wis. (6/17/14)--Dave Colby, chief economist for CUNA Mutual Group, is retiring after 37 years with the company. He will be succeeded in the position by Steve Rick, who currently is a senior economist for the Credit Union National Association.
One of Colby's most notable achievements is the "Credit Union Trends Report," a monthly "pulse check" on the economic state of the credit union movement. The Trends Report will continue under Rick, who brings a wealth of knowledge from a similar position at the national trade association for credit unions.
"Dave will be missed, not just as a long-term and dedicated employee but as a valued industry resource on credit union economics and consumer finance," said John Lass, CUNA Mutual Group Business Development and Strategy senior vice president. Lass added, however, that Rick is "uniquely qualified to step into this position without us missing a beat."
Colby joined CUNA Mutual Group in 1977 as a corporate research specialist and has held various corporate, operational and strategic planning positions. His knowledge of the national economy, the consumer financial marketplace and the credit union system has led him to many corporate and industry-level task force assignments, and he is widely recognized as a leading speaker at industry conferences. He is a founding member of the Credit Union Economics Group, which provides a broad perspective of macroeconomic and credit union trends.
Colby said, "A big thank you to CUNA Mutual for challenging me to make a difference for credit unions and their members. The most rewarding part of my job was exchanging insights with our customers who are responsible for delivering financial services to members on Main Street. I always felt re-energized after league events or credit union planning sessions. "
Rick joined CUNA in 1992. As a senior economist, he conducted economic research and taught at various credit union schools and conferences. He holds a senior lecturer position with the Economics Department at the University of Wisconsin-Madison where he teaches money and banking, and macroeconomics courses.