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Corporate Central Conducts Annual Meeting and Announces Board of Directors

MILWAUKEE, WI – May 17, 2022 – Corporate Central held its 41st annual meeting last week at the Hilton Appleton Paper Valley and Fox Cities Exhibition Center in Appleton, WI. The event ran in conjunction with The Wisconsin Credit Union League’s Annual Convention and supported The League’s collaborative theme of “Today, Tomorrow, Together.” Delegates from member credit unions attended the meeting in person, while members from afar or unable to attend the convention in-person were able to watch a livestream via YouTube.

Chris Felton

Chris Felton, Corporate Central President/CEO addresses members at 2022 Annual Meeting.

Chris Felton, President/CEO of Corporate Central, reported that Corporate Central experienced a record year in 2021. The credit union remained financially strong and continued to grow both its assets and its membership. The corporate now serves over 440 members across 28 states. Felton also reported the organization launched four new innovative service offerings in 2021 and attained its highest net promoter score to date (NPS 83) on its membership survey.

Felton’s membership address focused on growth and recent strategic initiatives undertaken by its family of CUSOs. InterLutions welcomed 37 new credit unions in 2021 and now serves over 130 credit unions across the country. QuantyPhi grew and secured over $1 billion of Broker Dealer assets under management and launched two new, very important, analytic tools to help credit unions better manage their portfolios. Corporate Central recently announced that its technology CUSO, Emergifi, has merged with Think|Stack, a managed services CUSO specializing in cybersecurity and cloud solutions. The strategic merger formed a stronger technology service provider for credit unions with synergies that leverage the respective teams and clients. Think|Stack now offers more comprehensive technology products and services than either company could alone.

“We are your credit union. You own us and we exist solely to help you,” Felton said to members. “So, please consider turning to Corporate Central and our family of CUSOs when you buy or sell your next bond, for your ALM needs, for your employee benefits and healthcare, for all your technology needs, or for any of the many other services we offer. As your credit union, you can trust us to look out for your best interests.”

As Corporate Central looks to the future, Felton talked about how the corporate has made many strategic investments in technology over the past few years and just recently announced a new member service platform will be released in fall 2022. Corporate Central is building a new user-friendly, open, and integrated correspondent services digital platform to further advance financial wellness for members and the people they serve. Members will experience a streamlined user interface, frictionless user experience, modern technology, and leading security features to optimize the member experience and Corporate Central’s service to its members. The corporate is calling the new member platform, “Beastro.”

During the elections report, Corporate Central declared the following directors for a three-year term:

  • Chris Allen, Fox Communities Credit Union
  • Eric Chrisinger, Co-op Credit Union
  • Sue Johnson, Fort Community Credit Union

Corporate Central’s 2022–2023 executive committee was determined as follows:

  • 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:

  • Chris Allen, Fox Communities Credit Union
  • Eric Chrisinger, Co-op Credit Union
  • Sally Dischler, Heartland Credit Union
  • Daniel Ige, “Golden Rule” Community Credit Union
  • Steve Koenen, Altra Federal Credit Union

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