MUSKEGO, Wis. (6/17/13)--Corporate Central CU in Muskego, Wis., held its annual meeting Thursday in Waukesha, Wis., and announced its board of directors.
With more than 70 members in attendance, Chairman Greg Hilbert and President/CEO Robert W. Fouch reported that 2012 was another exceptional year for Corporate Central. The Corporate was able to continue adding to retained earnings and building on the strength of a strong capital position that exceeds all regulatory requirements under the National Credit Union Administration corporate credit union regulations.
"Your commitment and support have positioned us well for the future," Fouch told meeting attendees. "This means that we are able to focus our resources on serving you, developing new services, improving existing services, and welcoming new members as we continue to grow."
At the organization meeting held immediately after the annual meeting, the four board members comprising the Executive Committee were determined. They are:
- Chairman, Greg Hilbert--Fox Communities CU, Appleton, Wis.;
- Vice Chairman, Kim Sponem--Summit CU, Madison, Wis.;
- Secretary, Ronald Vogel--Fort Community CU, Fort Atkinson, Wis.; and
- Treasurer, James Schrimpf-- Brewery CU, Milwaukee.
During the business portion of the meeting, election results stated the time period in which nominations could be accepted had expired, and no additional candidates had been placed in nomination; therefore, Eric Chrisinger, Sponem and Tom Young were declared directors of Corporate Central CU.
Prior to the annual meeting, members also participated in two education sessions. Anthony Gibbs, regional director from the Consumer Financial Protection Bureau (CFPB) presented, "CFPB: Programs, Processes, and Priorities," which provided members with an overview of what regulations are coming into effect and how they will affect financial institutions--specifically credit unions.
Brian Knight, senior vice president and general counsel from the National Association of State Credit Union Supervisors, presented, "The Changing Regulatory Landscape: A National Perspective and Mid-Year Assessment," which provided attendees with a review of the first six months of regulatory activity, focusing on rule changes, guidance issues and examination issues from both a national perspective and across the states.