CMG Convenes Council of Small and midsized CUs

Small credit unions are renowned for banding together to help one another. CUNA Mutual Group tapped into that strength by convening a council of 10 leaders of small and midsized credit unions – including Diane Moilanen, CEO of Settlers FCU in Bruce Crossing – from across the country to share ideas and solutions. As part of the council’s meeting in October at the CUNA Mutual Group campus, the council conversed with CEO Jeff Post and other company leaders.

“(The meeting) was a reaffirmation of CUNA Mutual's commitment to small credit unions and the credit union industry," Moilanen said. She said she agrees with the direction CUNA Mutual Group is heading and said "the new products and innovation will help credit unions stay alive and stronger in the future. It's nice to have a strong partner we can depend on as we face today and tomorrow's challenges."

Mike Defnet, CMG senior sales vice president, joined Post regarding the importance of small credit unions. Additional topics included: economic trends impacting loan performance and consumer lending; the new TruStage™ direct to consumer brand that provides credit unions a means to help members anytime, anywhere from any device; and an update from Dave Colby, CMG chief economist regarding the slow economic recovery. If you have any questions or would like to learn more about the council and sessions contact Moilanen at or call (906) 827-3240.

Submissions to Monitor may be emailed. Bryan Laviolette is the editor of Monitor. Contact him by email or call (800) 262-6285, ext. 233. The newsletter of the Michigan Credit Union League is published Monday mornings or Tuesday mornings when Monday is a holiday. There is no Monitor the week after Christmas and the week after the Annual Convention and Exposition. The MCUL reserves the right to edit submissions for clarity and space.
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