Unique Virtual Network Provides Confidential, Free Advice to CU Professionals

(July 22, 2009 – New York, NY)  The National Federation of Community Development Credit Unions (Federation) is pleased to announce CURE (Credit Union Retired Executives), a virtual network of retired credit union executives who volunteer their time and expertise to provide free, confidential advice to all credit union professionals.

Credit Union Info, Inc. Executive Director Holly Hermn with Federation Director of Membership Development Pablo DeFilippi during the 2009 GAC Conference in Washington, D.C.

While the average CDCU tends to be smaller, many provide a full array of finacial products and services to their members, services that are often considered “complex” by the credit union’s regulators. Tack-on constantly changing regulations and requirements that must be met by all CDCUs, regardless of their size and capacity, and one can begin to imagine just how difficult it can be to successfully operate a credit union dedicated to serving the poorest members of our nation.  A link to CURE is also available on this website by clicking here.

“CDCU managers can benefit from specialized advice, which has typically been available at a cost that puts that knowledge out of reach for most CDCUs,” explained Federation Director of Membership Services, Pablo DeFilippi.  “All credit union professionals will benefit from the collective knowledge and expertise of CURE’s network, and we are pleased to encourage our member credit unions to take advantage of this service.”

“Given the challenging times facing all credit unions, and particularly CDCUs, this resource is more important than ever,” said Federation President/CEO Cliff Rosenthal.  “This showcases the fundamental principles of cooperation inherent in our credit union system, and we are confident that this initiative will make the expertise and sophistication of ‘mainstream’ credit unions much more accessible to CDCUs.”

“Furthermore,” added Rosenthal, “A number of CURE volunteers are former executives of the Federation’s Community Development Partner credit unions, and we couldn’t be more pleased that the bridges that this program has built between credit unions will continue to grow and expand.” 

Holly Herman, Executive Director at Credit Union Info, Inc., explained what CURE seeks to accomplish. “We’ve assembled an incredible team of advisors, and our network of retired credit union executives provides an unmatched depth and breadth of experience — experience that has gone largely untapped until now.  We have an exceptional group of supporters from throughout credit union industry who are making this possible, and we are very excited to lend our expertise to all who take advantage of this free and confidential resource.”

Getting started is easy. Interested credit union professionals can visit www.CURetiredExecs.com, register, and ask their first question.  Professionals using the service have their choice of advisors with expertise in a wide variety of areas, and all users are assured total confidentiality.  Most receive a customized answer to their query within three business days.

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About Credit Union Info, Inc.: Credit Union Info, Inc., was founded in 2008 to share the powerful experience of retired executives with today’s credit union professionals via a unique, secure online network. “Experience matters” describes both their vision and their service, CURE, which shares the insights gained only through experience with credit union professionals at all levels and in all areas of the industry.  The CURE Network can be accessed at: www.CURetiredExecs.com.

© 2009 National Federation of Community Development Credit Unions.