WOCCU's Arnold To Step Down Jan.1

MADISON, Wis. - (09/28/04) Arthur Arnold will step down as CEO ofthe World Council of Credit Unions effective Jan. 1, 2005. Arnoldmade the decision not to renew his contract with WOCCU and willreturn to his native Netherlands to become CEO of FMO (Finance forDevelopment), the International Development Bank of theNetherlands. "After having dedicated 5 years of my life to WOCCU, Ihave to find the right balance in life again. Without my family'ssupport I would't have been able to work for WOCCU the way I did.For that I am very grateful to them," he said. WOCCU said it isforming a search committee to replace Arnold.