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League of Southeastern CUs holds first meeting
BIRMINGHAM, Ala. and TALLAHASSEE, Fla. (4/24/09)--The board of directors of the newly formed League of Southeastern Credit Unions (LSCU) assembled April 13 for its first face-to-face meeting. Brought together in time for the Alabama Credit Union League’s 76th Annual Membership Meeting & Education Symposium in Destin, Fla., the meeting allowed the new board to spend time together and move the consolidation process forward. The League of Southeastern Credit Unions, formed from the consolidation of Alabama and Florida member credit unions, represents 332 credit unions with combined total assets of $55 billion. As the LSCU, the coming together of these two entities will create an even stronger, more strategically situated organization, LSCU said. Chairman-elect Joe McGee presided over the meeting for Board Chairman Rich Helber. Helber was unable to attend due to a schedule conflict. “This meeting was a historic step in the transition process of our new entity,” said McGee. “This time together enabled the LSCU board to get to know one another better and determine how we will work best to further the success of our credit unions in both states. In the next few months, we will be spending quite a bit of time together, particularly as we continue through the transition process.” With both Alabama President/CEO Gary B. Wolter and Florida Credit Union League President/CEO Guy M. Hood retiring at the end of July, the meeting also provided the opportunity for both leaders to address the new board and staff members.


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