Press

MUSKEGO, WI (June 17, 2014) — On Thursday, June 12, 2014, Corporate Central Credit Union held its Annual Meeting at the Milwaukee Marriott West in Waukesha, WI.

Addressing the membership in attendance as well as those joining virtually, Chairman Greg Hilbert and President and CEO Robert W. Fouch reported that 2013 was another exceptional year for Corporate Central.  Corporate Central was able to continue adding to retained earnings and building on the strength of its capital position that exceeds all regulatory requirements under the NCUA corporate credit union regulations.  Credit unions from around the country continue to find a home at the strongest corporate in the country.

Mr. Fouch noted, “The strength of Corporate Central Credit Union provided by our members’ commitment has enabled us to focus on servicing our members, developing innovative products, and building new relationships with members that will fuel our future.”

Members also heard very positive comments about the health and strength of Corporate Central and its bright future from Kim Santos, Director of the Office of Credit Unions at the Wisconsin Department of Financial Institutions.

During the business portion of the meeting, Sally Dischler – Heartland Credit Union, Greg Hilbert – Fox Communities Credit Union, and Al Zierler – Capital Credit Union were declared Directors of Corporate Central Credit Union.

At the Organization Meeting held immediately after the Annual Meeting, the four Board members comprising the Executive Committee were determined.  Chairman, Ronald Vogel – Fort Community Credit Union; Vice Chairman, Kim Sponem – Summit Credit Union; Secretary, James Schrimpf – Brewery Credit Union; Treasurer, Eric Chrisinger – Co-op Credit Union.

Prior to the Annual Meeting, members also participated in two education sessions.  Both sessions were streamed live to give members across the country an opportunity to gain insight from two of the brightest minds involved with credit unions today.

Brian Knight, Esq., Senior Vice President, and General Counsel from NASCUS presented, “The Regulatory Path in 2014:  Where Have We Been and What Lies Ahead.”  Mr. Knight reviewed the latest regulation changes and proposed regulations and how they impact credit unions.  He also provided insightful knowledge and thought provoking discussion on a wide range of topics affecting credit unions, including:  Cyber Security, Marijuana & Banking, Virtual Currencies – Bitcoin, and Patent Trolls.

The second session featured a presentation titled, “The Future of Payments:  Staying Relevant, Becoming Prevalent,” by Mark Sievewright, President Credit Union Solutions from Fiserv.  This session focused on the remarkable changes currently underway in the payments market such as: cutting edge technology, emerging trends, new competitors and long-term strategies to keep up with a rapidly changing financial landscape.  Attendees were able to peer into the future as the payment mechanisms, competition, and technology evolve to help plan today to serve members of the not-too-distant future.  Mr. Sievewright left attendees with a direct and motivating message, “We should worry much less about becoming insolvent and much more about becoming irrelevant.”