LENEXA, Kan. – The U.S. Central Board structure has changed. The board approved a new governance structure that calls for a nine-member board made up of seven corporate credit union CEOs and two non-corporate U.S. Central members such as leagues, CUSOs, trade associations, etc. The corporate seats will be broken into three tiers based on capital. Previously the board also consisted of nine seats but only five seats were comprised of corporate leaders, with the other four being a mix of credit union CEOs and reps from non-corporate members of U.S. Central, as well as one seat for an officer or manager from a natural person CU who is a Kansas resident. This new set-up gives corporate CEOs a larger voice on the board, while maintaining a presence for non-corporate members of U.S. Central.
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