CEOs Announce Retirements
FRESNO, Calif.-Bruce Barnett, president of Educational Employees Credit Union, has said he will retire effective Jan. 15, 2007. Barnett has been CEO since 1986, during which he has overseen asset growth from $50 million to more than $1.3 billion.
Also announcing retirements:
* In Peoria, Ill., CEFCU President Eldon Arnold said he will retire, effective May 1, but added he plans to remain on the CEFCU board of directors. Arnold has held the position since May 1, 1998. During his eight years as CEO, CEFCU has doubled its net worth, with assets and loans increasing by more than $1 billion, and increased membership by 23,500. Mark Spenny, currently executive VP, has been named to succeed Arnold as president.
* In Winston-Salem, N.C., Tom Welch, president of $226-million Piedmont Aviation CU (PACU), said he will retire in December. Welch has been in the post since 1973, joining PACU when it had $5 million in assets and a yearly projected net income of $38. The credit union said it is recruiting a replacement.
Low-Income Filers Offered Help
LIVONIA, Mich.-Low-income tax filers who are members of Co-op Services Credit Union can visit the credit union's website www.cscu.org to link to a free online program to complete their federal and state tax returns. The program I-CAN(tm) EIC allows eligible low-wage earners to file their tax returns to receive the Earned Income Credit. Members can also visit the credit union website to learn if they meet the criteria for receiving the earned income credit and what paperwork they will need to use the I-CAN(tm) EIC program.
CUNA Adds Paymemts Confab
MADISON, Wis.-CUNA has added a conference devoted entirely to payment systems-from regulatory and security issues to trends and new product innovations. The Payment Systems Conference, designed for CEOs, management and operations staff, will take place Apr. 19-21, 2006, in Washington D.C. For info: Cherish Schwenn, at (800) 356-9655, ext. 4139, or e-mail at cschwenn