Four high-profile credit union attorneys formed a new legal, advocacy and consulting firm based in Washington.
The firm, CU Counsel PLLC, includes former CUNA Executive Vice President and General Counsel Eric Richard, former CUNA Deputy General Counsel and head of Regulatory Advocacy Mary Dunn and former NCUA Assistant General Counsel Steven Bisker as principals. Stephen Eisenberg, former executive vice president and general counsel for the $18.6 billion Pentagon FCU, serves as advisor to the firm, according to a release.
CU Counsel, which officially opens for business this week, will focus on compliance, supervisory, advocacy, corporate governance and other issues specific to credit unions.
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"Each of us brings something unique to this new organization, but we have in common that we have each been involved in hundreds of issues involving credit unions and regulators," Richard said. "We approach these problems from varying perspectives that help us tailor uniquely effective approaches. Some of us have the experience of representing the entire industry, or key parts of it, on a national level; others have many years' experience of pressing for individual credit unions' interests. Our group includes the kind of background that one gets from working inside a credit union, and we also credit union system and private practice experience."
Richard's position was eliminated by CUNA in January. Dunn left the trade association in April.
The firm said it intends to offer its services to all segments of the credit union community, including leagues, individual credit unions, groups of coalitions of credit unions, CUSOs and third parties that work with credit unions.
The group credited Bisker with coming up with the initial vision of bringing the four attorneys together.
"We welcome the opportunity to reach out to the credit union system with our backgrounds,"
Dunn noted. "Given the range of regulatory limitations credit unions face, our plan is to combine our passion for credit unions, energy, experience, credibility, tenacity and knowledge of the law and regulatory process to advocate for the betterment of individual credit unions as well as for broader credit union interests," she added.
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