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CU System
Corporate Central announces board of directors reports positive financial results
MUSKEGO, WIS. (5/11/11)--Corporate Central CU, Muskego, Wis., announced its board election results and reported a positive financial performance at its recently completed annual meeting. With 200 members in attendance, Chairman Gerald Forsythe and President/CEO Robert W. Fouch reported that Corporate Central CU is on solid financial footing. “Your commitment and support have placed us well ahead of all capital measures contained in the corporate credit union regulations,” Fouch said. “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.” Members also heard positive comments about the health and strength of Corporate Central CU and its future from Ginger Larson, director at the office of credit unions and Mary Martha Fortney, president/CEO of the National Association of Credit Union Supervisors. During the business portion of the meeting, because election results showed no additional candidates had been nominated; the slate of candidates was declared to be elected. Those named to the board include:
* Forsythe--president/CEO, Altra FCU, Onalaska, Wis; * Greg Hilbert--Fox Communities CU, president/CEO, Appleton; and * Alan Zierler--Capital CU, Kimberly, Wis.
At the organization meeting held immediately after the Annual Meeting, the four foard members comprising the executive committee were determined. They are:
* Chairman--Forsythe; * Vice Chairman--Hilbert; * Secretary, Kim Sponem--president/CEO, Summit CU, Madison, Wis; * Treasurer, Ronald Vogel--president/CEO, Fort Community CU, Fort Atkinson, Wis.
Prior to the annual meeting, Corporate Central CU hosted an educational session on the Smart Option Student Loan program. Attendees were guided through the start-up process, the online member application experience, and learned about the revenue potential of the program. In about 60 days since Corporate Central CU launched the Smart Option Student Loan program, more than 20 credit unions have signed onto the service.


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