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CU System briefs (11/29/2011)
  • ARLINGTON, Wash. (11/30/11)--Mark Morrison has been named to succeed retiring MountainCrest CU President/CEO Bob Schumacher. Morrison served as executive vice president/chief operations officer and has been in the position of CEO since Sept. 1. He will formally assume the position president/CEO title when Schumacher retires Dec. 14. Morrison began his career in 1980 at Safeway CU (Qualstar CU). He was president/CEO of Educational Community CU, which merged into MountainCrest. He also held executive positions at King County CU (Prevail CU), and Seattle Telco CU (Watermark CU). Schumacher served in the Arlington, Wash.-based credit union's senior management for 15 years, the past nine years as CEO. His 34-year credit union career began with the CUNA & Affiliates (now the Credit Union National Association) in 1977. He also worked for the Washington and Florida Credit Union Leagues, their service corporations, and a five credit union mortgage credit union service organization. Schumacher also served on two projects in the Philippines for the World Council of Credit Unions …
  • SEATTLE (11/30/11)--John Annaloro, CEO of the Northwest Credit Union Association, presented the first check to honor retiring Arlington, Wash.-based MountainCrest CU President/CEO Bob Schumacher, to National Credit Union Foundation Chair Gary Oakland. Schumacher is retiring Dec. 14 after a career that includes work at two leagues and the Credit Union National Association (see previous brief for details). Gifts made to the foundation in Schumacher's honor will benefit the Development Education program and BizKid$, the Emmy Award-winning television show that teaches money management and entrepreneurship to kids. For more information about making donations in honor of someone, use the link 

  • HONOLULU (11/30/11)--The Hawaii Credit Union League announced the promotion of Elizabeth "Liz" Ott to education and meeting coordination officer, effective Sept. 1, and the hiring of Yolanda Rucker as its administrative assistant, effective Sept. 6.  Ott, who joined the league two years ago as administrative assistant, is responsible for coordinating education and training opportunities including the annual convention. Rucker, who moved from California to Hawaii in August, is responsible for maintaining the league's database and assisting different league divisions in clerical assignments …
  • FRANKFORT, Ky. (11/30/11)--Gary Wallace, president of Frankfort, Ky.-based Commonwealth CU, announced he will retire after 35 years with the credit union on Dec. 31, according to the Kentucky Credit Union League (By The Way Nov. 29). He was hired as the credit union's manager in 1976, when it had $2.8 million in assets, 5,900 members, and six employees. Today it has more than $909 million in assets, more than 82,800 members, and 250 employees. Before his credit union career, Wallace managed the Frankfort Credit Bureau for 10 years, a small loan company for five years and was credit manager at Goodyear Tire and Rubber Co. for five years. He served 10 years on the state's Department of Financial Institutions Board. Karen Harbin, who has been with the credit union since 1986, will succeed Wallace as president/CEO on Jan.  …


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