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CUNA forms Corporate CU Next Steps Working Group
WASHINGTON (4/9/10)--Credit Union National Association (CUNA) Chairman Kris Mecham has appointed 14 members to CUNA’s Corporate Credit Union Next Steps Working Group, CUNA president/CEO Dan Mica announced on Thursday. Following the announcement, Mica said that he looks forward to the recommendations the new group will make to the CUNA board on ways to ensure that natural person credit unions of all sizes continue to have access to key correspondent services including payments, settlement, liquidity and investments. "This working group will provide a comprehensive vision of a reasonable, dependable future for credit union access to these services--one that will not pose undue risk to the credit union system, and which will involve a minimum of cost and service disruption," Mica added. He emphasized that ensuring credit unions have reasonable options for services, preferably from corporates or others within the credit union system that can manage their risks well, is the association's key objective. The working group, which is chaired by Jacksonville, Fla.-based Vystar CU’s CEO Terry West, is comprised of many continuing members of CUNA’s recent Corporate Credit Union Task Force, as well as five new members. The new members are Jim Regan, CEO of Digital CU in Marlborough, Mass., Mark Lau, CEO of Denver Fire Department CU, Gary Parker, CEO of Waco, Texas’s 1st University CU, Dennis Flickinger, president of York, Penn.’s First Capital FCU, and Ohio Credit Union League president Paul Mercer. CUNA Chairman and president/CEO of Salt Lake City’s Deseret First CU Kris Mecham, joins Rich Helber, CEO of Miami, Fla.-based Tropical Financial CU, Tom Dorety, CEO of Tampa, Fla.-based Suncoast Schools FCU, Frank Michael, CEO of Stockton, Calif.’s Allied CU, Jane Watkins, CEO of Richmond, Va.’s Virginia CU, Tennessee Credit Union League president Tom Gaines, GECU CEO Harriet May, and Georgia Credit Union League president Mike Mercer as holdovers from the previous group. While the group will conduct much of its business via teleconference, it is planning to meet in May and should likely have formulated its recommendations by the end of the summer.

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