CNBS holds annual meeting; elects new directors

OVERLAND PARK, Kansas – Corporate Network Brokerage Services, Inc. recently held its 2001 annual meeting, where outgoing board chairman Dave Preter emphasized that CNBS has turned the corner since its spinoff from U.S. Central to corporate CU ownership. “At the time of the spin-off of CNBS, its shareholders wisely recognized the value of offering this firm’s products and services to their members as a complement to their core product and service offerings,” said Preter, who recently joined Mid-States Corporate FCU as president/CEO. “CNBS, as a national firm capitalized by a large group of corporates, operates more efficiently than would be possible if we attempted to duplicate its services for our members,” said Preter. Net income before taxes at CNBS exceeded $450,000 through mid-year. CNBS also elected three new directors to the Board: David Savoie, President/CEO of Louisiana Corporate Credit Union; Bill Birdwell, President/CEO of Southeast Corporate Federal Credit Union; and Ron Westad, President/CEO of Arizona Federal Credit Union.