Michigan Credit Union League

The MCUL Board of Directors met Nov. 16 to thoroughly review and discuss the proposed 2005 MCUL budget and strategic plan.

Meeting at the Sheraton Hotel in Novi, the MCUL also approved the retention of BDO Seidman, LLP, to complete the MCUL and affiliated audits for the years 2004-06.  The MCUL Audit and Board Process Committee met Nov. 4 to review competing bids from BDO Seidman, Perrin Fordree and Plante Moran, and recommended that the MCUL renew its contract with BDO Seidman.

The November meeting was added at the request of MCUL policymakers to allow more time for study of the proposed budget, which is slated for final review and approval in December.  The CUcorp Board of Directors will not meet until next month.

In addition to outlining the proposed budget, MCUL President/CEO David Adams also provided a detailed 3rd quarter update of the visioning statements, challenge targets and strategic priorities in the 2004 strategic plan.

The next meeting of MCUL and CUcorp policymakers - the final regularly scheduled meetings of 2004 - are slated for Tuesday, Dec. 14, at the Michigan CU Center in Northville Township.

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