MUSKEGO, Wis.–Corporate Central Credit Union held its Annual Meeting at the Milwaukee Marriott West here, with Chairman Ronald Vogel and President and CEO Robert W. Fouch reporting that 2014 was another exceptional year for Corporate Central.
Corporate Central reported it was able to continue adding retained earnings and building on the strength of its capital position that currently exceeds all regulatory requirements under the NCUA corporate credit union regulations.
“Our reputation is continuing to grow – primarily in the Midwest, but also throughout the entire country,” said Fouch. “The organization (our members) have built and so courageously supported is well positioned to not only be a survivor, but to thrive and to prosper.”
During the elections report, Daniel Ige of Golden Rule Community Credit Union, Jay Magulski of Landmark Credit Union, and Ronald Vogel of Fort Community Credit Union were elected to three-year terms.
Elected as board officers were: Chairman, Kim Sponem of Summit Credit Union; Vice Chairman, Eric Chrisinger of Co-op Credit Union; Treasurer, Ronald Vogel of Fort Community Credit Union; and Secretary, Sally Dischler of Heartland Credit Union.
Following the Annual Meeting, members also participated in two education sessions. Both sessions were also available online to give members across the country an opportunity to gain insight from two industry leaders.
Tom Shen, CEO of Malauzai, presented, “Leading Through Blurred Lines,” where he shared his perspective on three mega-trends that are shaping today’s financial institution landscape. He also highlighted the benefits of a consistent cross-channel banking experience to deliver convenience and flexibility to today’s consumers as well as valuable revenue opportunities available through a service everywhere model to meet these blurring lines.
The second session featured a presentation titled, “Cyber Fraud – Current Risks & Best Practices,” by Randall Romes, a consultant with Clifton Larson Allen. During the presentation Romes reviewed the latest statistics from breach analysis reports published by leading industry security firms. Based on summary information from the FFIEC cyber security assessment pilot, he elaborated on penetration testing, fraud review and hacker forensics.