JENKINTOWN, Penn.–Meyer-Chatfield Group has named Michael Downey as Managing Director to its Credit Union Division. Downey has over 25 years of successful experience helping credit unions and corporations with insurance and investment strategies. For the last 11 years with CUNA Mutual, Downey's attention and expertise focused on helping credit unions with retaining and rewarding key executives in addition to providing institutional investments to help offset employee benefit costs, the company said.
"Downey serves on the dedicated credit uUnion team and is responsible for engaging new clients and assuring existing customers are provided with the best cutting-edge solutions," the company said. "He works with financial institutions to enhance the firm’s earnings and/or to reduce their risk by offering Meyer-Chatfield Group’s suite of insurance and executive compensation–based products."
Downey has won numerous industry awards and has been a chosen speaker for national and regional conferences.
Mr. Downey is a graduate of the University of Maryland and holds the Chartered Life Underwriter (CLU) designation. Additionally, he is Series 6, 63, 65, 7 and life and health licensed.
"We are pleased to welcome Mike to his new role as managing director of credit union sales and service," said Arthur Birenbaum, Chief Operating Officer with Meyer-Chatfield Group. "Mike's passion for helping businesses and their employees improve their retirement plans is undeniable. He brings a deep level of knowledge to the role from which credit unions and their top-tier executives will immediately benefit," adds Birenbaum.