MILWAUKEE, Wis. – Corporate Central held its 40th annual meeting as part of a co-hosted virtual event with The Wisconsin Credit Union League. Delegates from member credit unions participated in the annual meeting via Zoom, while other members watched a livestream via YouTube, the corporate said.
President/CEO Chris Felton reported Corporate Central remained financially strong throughout 2020 and continued to grow both its assets and its membership. The corporate now serves over 430 members across 28 states.
“While asset growth and capital ratios are important, these numbers do not define us,” Felton said. “We are defined by the value we bring to you, our members. We are most proud of the fact that despite all the challenges in 2020, Corporate Central continued to pay above market rates on investments. We held the line on our low service fees.
“As a matter of fact, we have not increased fees in years. Rather, the only changes we have made have been decreases,” Felton continued. “And, most importantly, we expanded our member services department to ensure we are available to serve you when you need us. That is how we define a successful year.”
New Board Members
During the elections report, Corporate Central declared the following directors for a three-year term:
- Daniel Ige, Golden Rule Community Credit Union
- Jay Magulski, Landmark Credit Union
- Val Mindak, Park City Credit Union
Corporate Central’s 2021–2022 executive committee will include:
- Chair, Jay Magulski, Landmark Credit Union
- Vice Chair, Peter Paulson, Corporate America Family Credit Union
- Secretary, Val Mindak, Park City Credit Union
- Treasurer, Sue Johnson, Fort Community Credit Union
Corporate Central’s directors include:
- Eric Chrisinger, Co-op Credit Union
- Sally Dischler, Heartland Credit Union
- Daniel Ige, Golden Rule Community Credit Union
- Steve Koenen, Altra Federal Credit Union
- Thomas Young, Capital Credit Union
‘Laser Focus’
“When you have a laser-like focus on serving your members, you do what you need to do to get the job done,” said Jay Magulski, Corporate Central vice chair. “Long hours, collaboration, and innovative thinking have all been hallmarks of the movement and those attributes served us well over the last year.”