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CU System
Corporate realignment task force expands to eight states
ONTARIO, Calif. (10/22/10)—The Corporate Realignment Task Force established by several Western states has expanded to 12 individuals from eight states, according to the California and Nevada Credit Union Leagues. Newly appointed members of the task force include:
* Shane Berger, CEO of Beehive FCU, Rexburg, Idaho; * Mandy Jones, CEO of Oregon Community CU, Eugene, Ore.; * Joan Opp, CEO of Stanford FCU, Palo Alto, Calif.; * Ken Payne, CEO of Freedom CU, Provo, Utah; and * Robert Ramirez, CEO of Vantage West U, Tucson, Ariz.
They join seven others already on the task force, including:
* Jeff York, chairman, CEO of CoastHills FCU, Lompoc, Calif.; * Ariel Chun, retired CEO of University of Hawaii FCU, Honolulu, Hawaii; * Rudy Hanley, CEO of SchoolsFirst FCU, Santa Ana, Calif.; * Brett Martinez, CEO of Redwood CU, Santa Rosa, Calif.; * Frank Michael, CEO of Allied CU, Stockton, Calif.; * Gary Oakland, CEO of Boeing Employees CU, Tukwila, Wash.; and * Wayne Tew, CEO of Clark County CU, Las Vegas, Nev.
The task force has adopted three guiding principles: (1) an enduring system solution is tantamount; (2) aggregation--rather than system fragmentation--is needed and should occur; and (3) there must be a universal solution that works and is affordable for all types and sizes of credit unions. A guiding principles position paper is available; use the link. The task force is a volunteer group of credit union leaders dedicated to determining what related services credit unions need and will support, and creating a sound, cooperative system to provide those essential continuing services. These services include: item processing; payment system and settlement services; short-term liquidity associated with the settlement process; and possibly investment advice and other related permissible services. Staff support for the task force is being provided initially by California and Nevada Credit Union Leagues with Richard M. Johnson, retired CEO of WesCorp FCU, serving as a consultant. The task force also is consulting with professional staff at Western Bridge FCU, SunCorp, and other system organizations as organizational efforts proceed.
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