From a macro level, just what needs to be done to move the credit union industry forward?”
That provocative—and broad—question was posed to credit union leaders participating in the UNDERGROUND Conference hosted by Mitchell Stankovic & Associates here. CUToday.info is providing coverage of the unique meeting as part of UNDERGROUND Week. The meeting, held at the Newseum in Washington, sought to create a forum where executives to get together and share ideas that were outside the mainstream.
The question of what can be done to move credit unions forward was asked of a panel that included Stan Hollen, CEO of CO-OP Financial Services; Todd Lane, CEO of California Coast Credit Union; Dave Doss, CEO of Arizona State CU, and Susan Mitchell, CEO of Mitchell Stankovic.
“Collaboration is important to achieve economic scale,” commented Stan Hollen. “The big CUSOs were formed when a group of CEOs saw a need, came together and said we need to do something. Collectively, our industry is just not big enough. We pale in size to the big banks. None of us has the resources to spend the money a very large bank spends on R&D. It is imperative that we collaborate.” For Lane, the issue is where the “tipping point” may lie.
The complete story can be found here: http://www.cutoday.info/THE-boost/Bringing-The-Underground-Above-Ground
WASHINGTON–Discussion and debate that is usually left underground was brought above ground and front and center here during a unique and fast-paced discussion of numerous issues confronting credit unions.
At the UNDERGROUND Conference in Washington, 72 executives representing two countries and 18 states came together, drawn from credit unions, associations, corporates, CUSOs and other business partners. CUToday.info is highlighting the diverse and frank discussion from the meeting as part of UNDERGROUND Week this week in The Boost. FULL ARTICLE HERE
The UNDERGROUND Community is a group of leaders willing to step up and actively engage honest, transparent, and challenging discussion about issues that are needed for BOLD ACTION. We are influencing change and moving RHETORIC to ACTION. Thought provoking network that challenges status quo. JOIN US IN THE REVOLUTION.
It’s my credit union – It’s where you belong! Services Center Federal Credit Union is community oriented, focused on preserving the cooperative spirit and dedicated to making a difference in its member’s lives. Their long time CEO, David Wright, will be retiring later this year after building a strong foundation for this $56mm in assets credit union located in Yankton, South Dakota. David has been an outstanding leader and his dedication to sound business practices has positioned SCFCU well for the future.
Services Center FCU Board of Directors is engaged in a leadership transition planning process and is now announcing the recruitment of a new CEO. Candidates must think strategically, be community oriented and have a good understanding of technology. Services Center FCU operates a highly successful CUSO, SITE-Four, that provides data processing services for 70 credit unions with over 275,000 members. The next CEO will be asked to participate within the industry, CU*Answers user groups and actively engage in positioning the credit union for the future.
The Board of Directors is looking for strong financial skills, understanding of complex business models, high level of integrity and excellent communication skills. A bachelor’s degree is required with a minimum of five years as an executive within the credit union industry. Services Center FCU is partnering with Mitchell, Stankovic and Associates to facilitate the leadership transition. Please send your resume to email@example.com