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CU System
Pennsylvania CUs approve PCUA bylaw changes
HARRISBURG, Pa. (7/13/11)--Members of the Pennsylvania Credit Union Association (PCUA) approved and ratified new bylaws, under which member credit unions will be grouped by asset size for the purpose of electing directors to the PCUA board. “The move to asset-based voting categories was all about fair representation on the PCUA board, and the voting results show that our members appreciate that,” said PCUA Chairman Michael Kaczenski, CEO of Sun East FCU, Aston (Life is a Highway July 12). Starting with the 2012 election cycle, PCUA member credit unions will vote according to these asset categories: $30 million or less; $30 million to $100 million; and more than $100 million. “This change represents the last piece of a very long and well-thought out series of governance retooling,” said PCUA President/CEO Jim McCormack. “Our board had the vision to begin retooling the organization’s governance and got the ball rolling in 2002. We’ve evolved by transforming the name from ‘league’ to ‘association,’ downsizing the board, adopting term limits, and--most recently--[adopting] asset-based voting categories.”


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