People in the News
First Heritage Federal Credit Union, Painted Post, N. Y., has named Frank D. Vassallo chief financial officer, responsible for financial analysis and operational oversight of accounting, compliance, collections, electronic funds transfers and Visa departments. Before joining First Heritage, he was CFO for Bank-Fund Federal Credit Union. While there, he supervised a team of nine accountants and financial analysts in preparing monthly and annual financial statements and managing all Treasury functions including operating cash and investments. Vassallo was also CFO for Fort Belvoir Federal Credit Union, primarily serving members of the U.S. military stationed at Fort Belvoir, Virginia. During a financial services career spanning more than 23 years, he worked as a senior consultant for CUNA Mutual Group, financial analyst for State Department Federal Credit Union, controller for TMB Federal Credit Union and accountant for Justice Federal Credit Union. He received his BA degree in economics from State University of New York at Geneseo in 1990, MA in finance from The Catholic University of America in 1995, and chartered financial analyst status in 1999.