Former U.S. Central Corporate FCU investment officer Dave Filby has joined the $3 billion Corporate America Credit Union in Irondale, Ala., as its vice president of investments.
Filby joined the 500-member corporate in early January, his new employer said. “Anything investment-related is my responsibility here at Corporate America,” Filby said in its announcement Wednesday.
“I’m anxious and eager to get us moving forward. I’m currently putting together an investment strategy and that strategy will be put into action very soon,” Filby said.
According to his LinkedIn profile, Filby had been director of assets and liability and before that portfolio manager at the failed, one-time $35 billion U.S. Central in Lenexa, Kan. His profile said he ended his nearly 12 years there by working with the NCUA to help assess risk and evaluate liquidation strategies.
U.S. Central was seized by the NCUA in 2009. Its successor, U.S. Corporate Bridge, was liquidated three years later.
“When you help build a $30 billion investment portfolio and are instrumental in unwinding a $30 billion portfolio you gain much insight and experience. Dave became even more educated, informed and enlightened throughout the process,” said Corporate America CEO Pete Pritts, who joined the Alabama corporate last fall.
“He's been through the economic ups and downs and he's very qualified and capable to manage our investment portfolio. We are fortunate to have him at Corporate America,” Pritts said.