The 99,000-member, $3.7 billion United Nations Federal Credit Union has promoted a new CEO from inside its own ranks, the credit union has announced.
The credit union's board of directors has chosen William F. Predmore, formerly executive vice president for operations at the credit union since 1989. He will succeed current CEO Michael Connery when Connery retires on Jan. 2 after 24 years of service to the Long Island City, N.Y.-based UNFCU.
“Bill’s vast experience honed over 23 years at UNFCU will enable us to build on past success and begin our next chapter very strongly,” said Michael N. Clark, board chairman. “The needs of our members, active service culture, emphasis on innovation and financial safety and soundness are areas in which Bill is not only fluent, but where he has also provided a roadmap for the future.”
Prior to joining UNFCU, Predmore was vice president of finance at AT&T Employees FCU in New Providence, N.J. From 1980 to 1985, he served as principal examiner for the NCUA in New York. He began his career in financial services as an assistant examiner with the FDIC in Greensboro, N.C. A native of Rochester, N.Y., he earned an MBA in Management Information Systems from Pace University
“UNFCU’s business model puts it at the forefront of international cooperatives,” said Predmore, who has frequently met with members at UN duty stations globally.
“The ability to cross borders with flexible programs and be first to market with many products, including international home loans, credit and debit card-based term life insurance globally, as well as chip and PIN credit cards in the United States, demonstrates a great willingness to find solutions for members no matter where they are located,” Predmore said.
“It was a privilege having Mike as a mentor and I look forward to building upon his great track record,” he said.