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CUNA forms working group for corporate situation

Vystar CU CEO Terry West, Tropical Financial CU CEO Rich Helber and Suncoast Schools FCU CEO Tom Dorety are among the 14 members of the CUNA Corporate Credit Union Next Steps Working Group. CUNA Chairman Kris Mecham appointed the group and once again asked West to chair the group. CUNA CEO Dan Mica told CUNA News Now that he's looking forward to the recommendations the new group.

"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," Mica added. He emphasized that ensuring credit unions have reasonable options for services, preferably from corporates or others within the credit union system that can manage their risks well, is the association's key objective.

Most of the members of the new group also served on CUNA's recent Corporate Credit Union Task Force. There are five new members: Jim Regan, CEO of Digital CU in Marlborough, Mass., Mark Lau, CEO of Denver Fire Department CU, Gary Parker, CEO of Waco, Texas's 1st University CU, Dennis Flickinger, president of York, Penn.'s First Capital FCU, and Ohio Credit Union League president Paul Mercer.

Joining CUNA Chairman Mecham, Group Chair West, Helber and Dorety from the former task force are Frank Michael, CEO of Stockton, Calif.'s Allied CU, Jane Watkins, CEO of Richmond, Va.'s Virginia CU, Tennessee Credit Union League president Tom Gaines, GECU CEO Harriet May, and Georgia Credit Union League president Mike Mercer.

The next meeting is planning for May with recommendations expected by the end of the summer.