Citing Potential Competition, CEO Exits CUNA Mutual Board

Published April 04, 2010, 9:04 p.m. EDT

|

Updated August 27, 2020, 12:06 a.m. EDT

1 Min Read

ANCHORAGE, Alaska. - Indicating his credit union will likely be entering into competing business lines, William B. Eckhardt, CEO of the $4-billion Alaska USA Federal Credit Union said he is stepping down from the board of CUNA Mutual Group, effective immediately.

Processing Content

Eckhardt has been a member of the board of the Madison, Wis.-based CUNA Mutual since 2005. CUNA Mutual released a statement in which it said the "decision to resign as a result of anticipated competing business obligations at Alaska USA Federal Credit Union." No further details on what those business obligations might be.

The 390,000-member Alaska USA has been expanding its footprint over the past year by acquiring two failed credit unions in California.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Federal Reserve

Fed's Barr noncommittal on September rate hike

Markets are still pricing in an increase in the federal funds rate later this month, but Federal Reserve Gov. Michael Barr said his vote will depend on incoming unemployment and inflation data.

By Kyle Campbell
Staff writer

2h ago
Bank Notes

Is the SEC creating a better version of the ICO?

The initial coin offering boom of a decade ago was a manic free-for-all, but inside that mania was the germ of a genuinely good idea.

By Paul Vigna
Managing Editor

8h ago
Whitepaper Winning profitable SMB growth in a digital first era

Learn how financial institutions can modernize business account opening to reduce friction, speed onboarding, and win profitable SMB relationships.

Partner Insights from Alkami Technology
Report Annual benchmarking study: Digital banking performance metrics

This annual study from Alkami and Cornerstone Advisors benchmarks digital banking performance across banks and credit unions. Explore the metrics that reveal where institutions are investing, how customers and members use digital channels, and which capabilities create opportunities for stronger engagement and growth.

Partner Insights from Alkami Technology
Case Study ConnectOne Bank turns omnichannel account opening into growth

ConnectOne Bank unified retail and business account opening with MANTL, raised nearly $500 million in deposits, and cut opening time to seven minutes.

Partner Insights from Alkami Technology
Monetary policy

Warsh's words put markets at ease, but volatility remains

Many traders took the Federal Reserve chair's tough talk on inflation as a signal that the central bank is poised for a rate hike, but the corresponding dip in long-dated bonds proved short-lived.

By Kyle Campbell
Staff writer

August 31

Load More