TEG Federal Credit Union, Poughkeepsie, N.Y., has named Thomas I. Gay as its new chief financial officer. Gay replaces Ronald A. Flaherty, who was promoted to president/CEO in January. Gay has more than 21 years of experience in finance and accounting and has been with TEG since 1991, most recently serving as the controller. Prior to that, he served as an accountant. In his new position, Gay will be responsible for directing and administering the organization’s overall financial plans, business policies and accounting practices. Gay holds a bachelor of science degree in business administration from Bryant College in Smithfield, R.I.