Legal, risk, compliance, audit, fraud … these are some heavy-duty areas of business at a credit union with major implications. So how can one executive manage it all?
Enter Simone Suri, SVP, Chief Administrative Officer and General Counsel for the $1.1 billion Members Cooperative Credit Union based in Duluth, Minn. After starting her career as an attorney for a law firm whose clients included credit unions, she joined the Minnesota Credit Union Network as General Counsel and VP of Human Resources, where she became hooked on the credit union mission. Eager to "own things" as opposed to servicing credit unions from the outside, she jumped on an opportunity at Members Cooperative in 2010 and never looked back.
In this episode of Shared Accounts With CU Times, Suri shares the biggest legal, risk, compliance and cybersecurity challenges facing credit union leaders today; how she creates an organization-wide culture of risk management that even creative types embrace; and how federal and state examinations have evolved over the years. She also speaks candidly about some of the difficulties credit unions face in their quest to build diverse boards.
Plus, Suri reveals the one activity that helps her maintain work/life balance, discusses how her first-ever job helped prepare her for a career in credit unions, and pays homage to her Midwestern roots. It's a lively, insightful conversation you don't want to miss!
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
