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Corporate One Announces Three New Board Members; Names Officers

COLUMBUS, Ohio – At its annual meeting held in April in Columbus, Ohio, Corporate One Federal Credit Union announced the election of Ronald J. Budzinski, president of First Trust CU in Michigan City, Indiana; Gerald D. Guy, president/CEO of KEMBA Financial CU in Columbus, Ohio; and Janice L. Thomas, president of PSE CU in Parma, Ohio to its board of directors. In a reorganization meeting following the annual meeting, the 2008 officers were named: Jerome R. Valco, CEO, The Ohio Educational CU, chair; Guy, vice chair; John J. Shirilla, president/CEO of Best Employees FCU in Walton Hills, Ohio, treasurer; and Phillip R. Buell, CEO of Superior FCU in Lima, Ohio, secretary.

Budzinski has served as president of First Trust CU since 1985. He currently serves on the board of the Indiana Credit Union Foundation and Xtend Inc. and is a member of the advisory board for the Mid-Size Credit Union CEO Roundtable. He is a past director of the Indiana Credit Union League, former member of the Credit Union National Association’s (CUNA) Elections & Balloting and Corporate Governance Committees, and former Indiana representative with CUNA Mutual’s Owners Advisory Council.

Guy has served KEMBA Financial CU as president/CEO since 1989 and has served on Corporate One’s board of directors since 2002. He is currently the chair of the Ohio Credit Union League Ohio Charter Task Force and the treasurer/secretary of the Ohio Credit Union Defense Coalition.

Thomas has been employed with PSE CU since 1986 and has served as president since 1991. She has served on Corporate One’s board of directors since 1996, previously serving as chair and secretary. She presently serves on the board of American Share Insurance. Thomas has also served as a director for Primary Financial Company LLC and is past chair of the Ohio Credit Union League Renewal Committee.

Corporate One’s board of directors provides the strategic vision and leadership to ensure that the organization provides value to its members. It is composed of nine directors, each one elected by member credit unions to a three-year term. Any Corporate One member credit union is eligible to have its CEO, manager, or other designated representative serve on the board without regard to its membership status or geographic location.

This year, only one member was nominated for each position to be filled. Per Corporate One’s by-laws, the chair of the board of directors declared each nominee elected by general consent at Corporate One’s annual meeting.

Corporate One is a leading wholesale financial services provider to nearly 800 of America’s credit unions. With more than $5.1 billion in assets under management, Corporate One offers correspondent services including electronic deposit automation, ATM/check card programs, share draft imaging, and electronic payment services to credit unions in Ohio and surrounding states, as well as investment solutions to credit unions across the United States. Corporate One also developed and manages Alliance One, one of the nation’s largest non-network-specific ATM selective-surcharging groups.

Contact: Paul Hixon, 800/282-2560 ext. 9313