LIVONIA, Mich. The Michigan CU League said its two main CUSOs, CUcorp and CU Solutions Group, are combining.
The merger is pending shareholder approval later this month at the CUSG shareholder meeting and would take effect on July 1.
At the same time, MCUL & Affiliates announced the resignation of Todd Mason, executive vice president and chief product officer for CU Solutions Group, and the hiring of Ken Ross, who will be executive vice president and COO over the trade association. Ross is returning to the league for a second stint. Ross formerly served the league as vice president of legislative and regulatory affairs, before becoming commissioner of what then was known as OFIR (now known as the Department of Insurance and Financial Services). Most recently, Ross has been general counsel for Citizens Bank. He will start his new job at the league on Aug. 5.
Mason is leaving to become chief product and marketing officer for RouteOne, a Web-based credit application management system RouteOne said provides dealers and finance sources the ability to manage their full book of business from a single portal. RouteOne is owned by Ally Financial, Ford Motor Credit, TD Auto Finance and Toyota Financial Services. Drew Egan will continue as Executive Vice President and COO of CU Solutions Group.
