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News Now

CU System
MCUA looks to work with new CU Division chief Bonnot
ST. LOUIS (1/7/11)--Missouri Gov. Jay Nixon Tuesday appointed Kenneth J. Bonnot as director of the Missouri Division of Credit Unions, and the Missouri Credit Union Association (MCUA) told News Now Thursday it will work with Bonnot on credit union issues. "I look forward to working with Ken on issues affecting Missouri's state-chartered credit unions and congratulate him on his appointment by Gov. Nixon," said Mike Beall, MCUA president/CEO. According to the governor's press release, Bonnot, a 15-year veteran of the division, has served as acting director since June 2009. From 2005 to 2009, he served as the division's deputy director. The division, which regulates Missouri's 129 state-chartered credit unions, is an agency within the Missouri Department of Insurance, Financial Institutions and Professional Registration. "Missouri's credit unions are financially strong, having weathered our challenging economy very well, and I have assured Gov. Nixon that our division will maintain our commitment to a healthy industry that best serves Missouri consumers," Bonnot said. In making the appointment, Gov. Nixon said Bonnot "is a tough but fair regulator and the right choice to lead the Division of Credit Unions. My No. 1 priority as governor has always been and remains transforming Missouri's economy, and having healthy and well-regulated financial institutions in our state is a key part of that transformation."


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