Nader Moghaddam, president/CEO of the $788 million Financial Partners Credit Union in Downey, Calif., has been appointed as a director on CU Direct Corp.’s board of directors.
Moghaddam had served as an associate director since October 2011. He fills the seat vacated by Larry Wilson, retired president/CEO of the $2 billion Coastal Federal Credit Union in Raleigh, N.C.
The CUSO also confirmed that Chuck Purvis, new president/CEO of Coastal, has been appointed as an associate director on the board.
During the company’s shareholder’s meeting in May, the board, along with chairman Joe Brancucci, president/CEO of the $1.5 billion GTE Financial in Tampa, Fla., recognized Wilson for his eight years of service and contributions while serving on CU Direct’s board of directors.
Long-standing board members Henry Wirz, president/CEO of the $1.8 billion SAFE Credit Union in North Highlands, Calif., and Marge McNaught, senior vice president of lending at the $1.4 billion Premier America Credit Union in Chatsworth, Calif., stepped down from the CUSO’s board of directors in January 2012 and December 2011, respectively.
Wirz served on the board for 12 years, including two years as the board’s chairman, from 2005-2007. McNaught served on CU Direct’s board from 2003-2011, including two years as chairman, from 2009-2011.
The Ontario, Calif.-based CU Direct is the parent company of CUDL, Lending Insights, Lending 360, CUDL Retail and Vero brands.