For the past 25 years, Michael Orme has helped guide UCCU’s growth by addressing current financial trends and preparing for the future. After receiving a B.A. in history from BYU summa cum laude in 1975, Mike received a J.D. from BYU’s J. Reuben Clark Law School in 1978. He returned to BYU in 1989, where he worked as Associate General Counsel and joined the UCCU Board of Directors. Since 2005, Michael has acted as Assistant to the President, General Counsel, and Corporate Secretary to BYU. He is rated “AV”—the highest rating for legal expertise and ethics—by the national Martindale–Hubbell directory. We spoke to Michael about his experience serving on the UCCU Board of Directors.
What brought you to UCCU?
Before coming to BYU, I practiced law in Idaho Falls, where I represented a
couple of credit unions. When I came to BYU, the UCCU board approached me
because they were in need of a lawyer. I realized I could put my experience
with banking and credit unions to work for UCCU. I didn’t anticipate serving on
the board for as long as I have, but it’s been a wonderful experience and a very
worthwhile place to volunteer my time and efforts.
Can you tell us a little about your role on the board?
My job is to not only see where UCCU is now but to anticipate where it will
be in ten years and how we can plan for that. I really enjoy strategic planning;
anticipating trends and changes and putting the credit union in the best position
possible as the world moves forward. The world is very fast paced and change
is happening all the time. But with strategic planning, we can ensure stability and
What philosophies guide UCCU’s strategic planning?
We’ve always administered UCCU according to conservative strategies and what we
believe to be correct financial principles, such as “thrift” and “savings.” Even
as we’ve grown, we’ve stayed true to these principles. I attribute much of our
success to that. Since I joined the board, the nation has gone through three major
downturns, but UCCU has continued to grow. We don’t chase after trends or take
risks with temporary bubbles. We stay true to who we are.