President and CEO
SIMULTANEOUS FORUMS: A changing business model – Winning practices that will ensure cooperative development. How can cooperatives remain agile and innovative?
Attracting and retaining talent through cooperative values
Ken Kosolofski is President and Chief Executive Officer of Concentra Financial, a national financial services co-operative based in Saskatchewan, Canada.
Ken's career began almost 30 years ago upon receiving his Bachelor of Commerce degree and Chartered Accountant designation. His career path progressed through senior finance positions with health and government organizations. The experience and perspectives gained in these roles benefit Ken in contributing to the success of credit union organizations.
Ken's 11 year tenure with so-operatives began with Credit Union Electronic Transaction Services in 2001. He then moved to SaskCentral, the trade association for Saskatchewan credit unions, where serving as Chief Financial Officer permitted Ken to become familiar with Concentra Financial. In 2010 Ken was appointed as CEO of this young company, newly formed in 2005 from joining together its parent companies. Eager to carry on the work of developing its business model and growing the value Concentra delivers to credit unions, his enthusiasm and commitment continually energize the Concentra team.
Ken is staunchly a prairie boy and proud of his Saskatchewan roots. Together with his wife Darlene they raised 3 children in Regina where all continue to reside. A believer in the power of building communities, Ken actively participates in a number of community and business organizations, including the Regina Food Bank.
About Concentra Financial
Founded on partnership and thriving on co-operation, Concentra Financial exists to work with Canada's credit unions, centrals and strategic partners to enhance the success of the credit union system and its members. A longstanding member of the Canadian co-operative financial community, Concentra Financial provides financial intermediation and trust solutions to credit unions from coast-to-coast. Concentra helps credit unions achieve their business goals and deliver a full suite of competitive, high-quality financial services to their members.
Corporate financial solutions and financial management consulting support successful day-to-day credit union operations, excess liquidity management and investments, and effective risk management while enhancing opportunities for growth and diversification. As a partner, Concentra seeks to expand the scale and selection of financial solutions offered to business and consumer members.
From estate planning and administration to the delivery of registered plans and specialized corporate trusts, credit unions can assist both consumer and business members through trust solutions provided by Concentra Trust, a wholly owned subsidiary of Concentra Financial.
Social responsibility is a fundamental co-operative value. Annually, Concentra dedicates 1% of pre-tax profit to support the charitable initiatives that are led or sustained by Canadian credit unions in their local communities and by the international co-operative community.
As of December 31, 2011, Concentra reports assets under administration of $25.3 billion, consolidated net income of $27.9 million, and 287 employed.
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