LANSING, Mich.–Dave Adams, the long-time president and CEO of the Michigan Credit Union League, has resigned, but will continue to lead the league’s CUSO. EVP/COO & General Counsel Patty Corkery has been promoted to the president/CEO post, effective May 3, 2021.
In tandem, the league said the CU Solutions Group (CUSG) board has ratified the continued leadership of Adams as CEO of the CUSO that provides technology, marketing, performance and advisory solutions to CUs and other businesses nationally.
Adams has served for nearly 24 years as President/CEO of MCUL and CUSG. The league said Corkery has served in her leadership role at MCUL since August of 2018 and was a partner/attorney at the Michigan-based Holzman Corkery law firm for almost 19 years prior to joining the league.
A First for the League
According to the Michigan league, this will be the first time in the organizations’ history where executive management will not be shared between MCUL and CUSG.
“As CUSG has grown to a large national CUSO with over $30 million in revenue, $90 million in assets and 130 employees, the boards saw wisdom in selecting Adams as the president/CEO, now exclusively focused on running the business,” the league said in a statement.
The MCUL added it will continue to own 64% of the CUSO and, as such, Corkery will represent MCUL, along with MCUL Chairwoman Heather Luciani, on the CUSG 12-person board of directors.
“On behalf of the MCUL Board of Directors and Michigan’s credit unions, we are thankful for Dave’s 24 years of service,” said Luciani. “Throughout Dave’s tenure, MCUL has been a critical partner, a fierce advocate and a national leader for credit unions. We are thrilled to welcome Patty Corkery to the role of CEO. During her time at MCUL, Patty has provided exceptional leadership and has built outstanding relationships, positioning her well to lead the organization into the future.”
‘Proven Abilities’
Added Adams, “It has been such an honor to serve as CEO of MCUL and CUSG. But the time is right for me and for the organizations to make this move. Patty Corkery will make an excellent CEO and she has proven her abilities during the toughest climate in our association’s history. I am also excited to work with my amazing CUSG leadership team to position CUSG as a best-in-class service provider for credit unions and other organizations.”
Looking Forward
Corkery said she is looking forward to the challenge.
“I am honored and humbled to become MCUL’s first female president/CEO,” Corkery said. “This new role will allow me to continue to represent the industry for which I have so much respect and admiration, and I am thankful to the MCUL board for this opportunity. I hope to continue MCUL’s rich legacy of strong advocacy, education and support for our Michigan credit unions and the members they so faithfully serve.”