The Rundown
- In anticipation of negative loan growth, Pendulik sought additional sources of investment products during December 2009.
- He successfully managed the investment portfolio in 2010, which grew by more than $30 million, an almost 50% increase.
- 'It is amazing to look back in time three years and see that not only were Jim's predictions accurate, but more importantly, his preemptive strategies were spot on.'
Over his 37-year career in financial services, James Pendulik frequently pulls from an old sports expression: "You need to have the horses."
The senior vice president, chief financial officer and chief operating officer at the $238 million Fairfax County Federal Credit Union in Fairfax, Va., refers to the idiom when it comes time to move beyond talk and start the walk to carry out strategic plans.
"You can have the best crew, the best equipment, but you need to have the horses," Pendulik said.
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