WASHINGTON-CUNA is assembling a task force to ensure the continuity of services being delivered by corporate CUs is not interrupted by future changes corporates may undergo.
"The chief concern is to make sure natural-person credit unions have access to the affordable services they need, such as settlement, payment, liquidity and investment management as the corporate system evolves," said CUNA's Mark Wolff said. "Our preference is that the corporates would evolve such that they can continue providing these services to natural person CUs." The 14-person Corporate Credit Union Next Steps Working Group will start its work at a formal meeting in May and should have its recommendations completed by the end of the summer.
Chaired by Vystar CU CEO Terry West, the group will include: Digital CU CEO Jim Regan, Denver Fire Department CU CEO Mark Lau, 1st University CU CEO Gary Parker, First Capital FCU President Dennis Flickinger, Ohio CU League President Paul Mercer, Tropical Financial CU CEO Rich Helber, Suncoast Schools FCU CEO Tom Dorety, Allied CU CEO Frank Michael, Virginia CU CEO Jane Watkins, Tennessee CU League President Tom Gaines, GECU CEO Harriet May, and Georgia CU League President Mike Mercer.
