Dublin, Ohio
(April 6, 2006) -- Tim
Boellner, CEO of
AurGroup
Financial Credit
Union in
Fairfield, is the
newly-elected
chairman of
Cooperative
Business
Services (CBS).
CBS is a member
business lending
credit union service organization (CUSO)
cooperatively
owned by the
OCUL Services
Corporation and eight
Ohio credit
unions.
“Tim
is a visionary
person who will
provide
tremendous
leadership and
support to both
current and
future
initiatives of
the company,”
said Keith Reed,
President and
COO of CBS.
Bill
Burke, CEO of
Day Air Credit
Union in Dayton, is board
vice chairman;
Jim Schultheiss,
CEO of Chaco
Credit Union in
Hamilton, is
the new
treasurer; and
John Bowen, CEO
of River Valley
Credit Union in
Miamisburg, is
secretary.
Reed
praised outgoing
chairman Doug
Fecher, CEO of
Wright-Patt
Credit Union in
Fairborn. “I
thank Doug for
the leadership
he has provided
on behalf of CBS
and on behalf of
all credit
unions in Ohio
who have an
interest in
business
lending.”
Currently, 21
Ohio credit
unions with
assets totaling
$3.4 billion
have taken
advantage of the CUSO as an
opportunity to
originate 85
member business
loans worth a
total of $40
million at a
minimal cost
without
acquiring all of
the loan risk on
their balance
sheets.
