Credit union of america wichita

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credit union of america wichita

Together Wichita Sponsor Profile: Frank Shoffner, President and CEO, Credit Union of America

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Bob Thurman, current president and CEO, will be retiring effective March 1, , which will put a close to a year career with Credit Union of America. Shoffner then will become president and CEO. Over the past 23 years, Shoffner has served CUA members as vice president of lending, senior vice president of lending, and, most recently, chief operating officer. His tenure also includes nine years of overseeing retail branch operations. Shoffner, born and raised in Caldwell, Kan. He graduated from high school in Spearville, Kan. We are a market leader not only in growth, but also innovation and service.

Their 23, square foot, two and a half story building had not been updated in twenty years. CUA looked to NewGround to update the building to reflect their strong sense of brand in the community, solve an issue with birds nesting above the main entrance vestibules, improve workflow in the retail space, and update aging infrastructure. Strategy The NewGround Strategy Team completed a market study and determined that their branch network was strong and existing in good locations in proportion to their member populations. Design This remodel was unique since both the interior and exterior were going to get an innovative new look. A dramatic two-story entrance was added to each side of the building replacing the original entrances with a design to eliminate unsightly bird debris. The dark, enclosed interior did not function well with their present branch operations.

CUA's Balance Boost Money Market account makes boosting your savings easier than ever. Go to Savings Open an Account. Copyright Credit Union of.
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It is a number issued by the American Bankers Association that identifies the individual bank in question. In order to do business in the US, all US banks must have a routing number. First, they need it because the law requires it. Second, they need it for practical logistical reasons. It is used to route money transfers, such as check payments or direct deposits.

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Capital works as a cushion against losses and as protection for members when a credit union is struggling financially. Therefore, when it comes to measuring an a credit union's financial stability, capital is essential. When it comes to safety and soundness, the higher the capital, the better. This test's purpose is to try to understand how the credit union's reserves set aside to cover loan losses, as well as overall capitalization could be affected by troubled assets, such as past-due loans. A credit union with lots of these kinds of assets could eventually be forced to use capital to cover losses, shrinking its equity cushion. Many of those assets are also likely to be in non-accrual status and no longer earning interest for the credit union, resulting in reduced earnings and potentially more risk of a future failure. A lower-than-average ratio of problem assets of 0.



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