Many members of the panel charged by CUNA to make recommendations on how the corporate credit union system should be restructured will have more work to do.
The association has established the Corporate Credit Union Next Steps Working group, which is aimed at ensuring that credit unions can still attain key services currently provided by the corporates.
CUNA Chairman Kris Mecham named the members of the group, which will be chaired by Vystar Credit Union President/CEO Terry West, who also chaired the association's task force on corporate credit unions.
"This working group will provide a comprehensive vision of a reasonable, dependable future for credit union access to these services-one that will not pose undue risk to the credit union system, and which will involve a minimum of cost and service disruption," CUNA President/CEO Dan Mica said in a statement.
The 14-member panel is made up of people who were on the original committee: Rich Helber, president/CEO of Tropical Financial CU, Tom Dorety, president/CEO of Suncoast Schools FCU, Frank Michael, president/CEO of Allied CU, Jane Watkins, president/CEO of Virginia CU, Tennessee Credit Union League President Tom Gaines, GECU President/CEO Harriet May, and Georgia Credit Union League President/CEO Mike Mercer.
The new members are: Jim Regan, president/CEO of Digital CU, Mark Lau, president/CEO of Denver Fire Department CU, Gary Parker, president/CEO of 1st University CU, Dennis Flickinger, president/CEO of Penn.'s First Capital FCU, and Ohio Credit Union League President/CEO Paul Mercer.
The panel is expected to finalize its recommendations by the end of the summer.
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