Press

CUNA’s Mike Schenk named Interim Chief Economist effective immediately

(June 11, 2014) — Mike Schenk has been named interim chief economist of the Credit Union National Association (CUNA), effective immediately. Bill Hampel, who normally serves as senior vice president of research and policy analysis and chief economist of CUNA, is currently interim president and CEO.

Schenk is the Vice President of Economics & Statistics for CUNA. He conducts economic research and supports CUNA’s public relations and lobbying efforts.  His analyses regularly appear in trade publications and is a frequent contributor in the financial media.

“With over 30 years in the financial services industry, Mike brings a wealth of knowledge and experience to his role as an economist with CUNA,” said Bill Hampel. “I’ve worked closely with Mike for 22 years and thank him for taking on this important assignment, knowing that the economic analysis provided to credit unions and CUNA’s advocacy efforts will not skip a beat.”

Prior to joining CUNA in 1992, Schenk was Director of Research for Financial Research Corporation, where he conducted economic analyses, competitor evaluations and product-line planning for mutual fund companies. His background also includes six years as Director of Interest Rate Risk Management at the Chicago-based U.S. League of Savings Institutions.

Schenk serves on the board of directors of the $2 billion Summit Credit Union.  He currently serves as Board Treasurer and also is Chair of the Asset-Liability Management and Risk Management Committees.

Schenk has a Bachelor’s degree in Economics and an M.B.A. in Finance with a concentration in Banking and Financial Intermediation.

Bill Cheney, former CUNA president and CEO, stepped down June 10 to return to California and become president and CEO of SchoolsFirst FCU, the largest credit union in that state.  CUNA’s search for a permanent CEO will continue throughout the summer; the CUNA Board hopes to make a hire by this fall.

 

 

---