Molina Named CEO of Palisades FCU: People
Juan (Tony) Molina was appointed the new president/CEO of the $163 million Palisades Federal Credit Union in Pearl River, N.Y.
“Tony is an extraordinary executive who will bring comprehensive operations and financial management experience to the credit union,” Greg Whalen, Palisades FCU board chair, said in a prepared statement Tuesday “We are confident he will bring a bright and prosperous future to Palisades Federal Credit Union as President/CEO.”
For the last ten years, Molina served as the chief financial officer for the $91 million Community Alliance Credit Union in Dearborn, Mich., where he managed staff and five departments. He oversaw and implemented several successful cost saving initiatives for the credit union. Molina also worked as a financial analyst with the $574 million Community Financial Credit Union in Plymouth, Mich.
He holds a Bachelor of Business Administration degree in finance from Western Michigan University and a Master of Science degree in Finance from Walsh College.
In other people news from around the industry:
The $604 million First Citizens’ Federal Credit Union in Fairhaven, Mass., announced three promotions and two appointments. George Custodio was promoted to senior vice president and chief of finance and lending operations. Christopher Howard was promoted to senior vice president, and chief of retail and support operations. Leslie Poulin was promoted to director of marketing. Jennifer LaFrance was appointed vice president of retail operations and Christopher Guenette was appointed retail sales manager.
The $401 million Belco Community Credit Union in Harrisburg, Pa., promoted Jason Allen to senior vice president of sales and service and Paul Perini to senior vice president of operations. With more than two decades of experience in the financial services industry, Allen joined Belco in 2010. Prior to joining Belco in 2002, Perini worked in the consumer finance industry for six years.
The $2 billion Atlanta Postal Credit Union in Atlanta, Ga., announced three promotions. Teresa Stonecypher was promoted to vice president of branch operations, Greg Jamison was promoted to consumer loan manager and Shawn Reid was promoted to the main office operations manager. Stonecypher joined the credit union in 1993 and previously served as a branch manager. Jamison started with Atlanta Postal CU in 1986 and most recently worked as a mortgage manager. Reid joined the cooperative in 2000 and most recently held the position of an IRA representative.
Joyce Dye, who served as senior vice president of strategic planning at the $3.6 billion Redstone Federal Credit Union in Huntsville, Ala., since 2002, retired in September. Her proudest achievements include managing the successful conversion of Redstone’s insurance products from Cetera to LPL Financial, one of the largest broker deals in the country, and establishing a project management office, according to a Redstone FCU prepared statement.
Maurice W. Johnson, who chairs of the $1.2 billion, Pensacola, Fla.,-based Pen Air Federal Credit Union board of directors, was inducted into the Defense Credit Union Council’s Hall of Honor during its annual conference in Dallas. Reserved for those who have gone above and beyond the call of duty with their efforts to promote the welfare of members and the industry, Johnson was honored for promoting the credit union philosophy of “people Helping people” through his dedication to community outreach.
The $50 million Dayton Firefighters Federal Credit Union announced Thomas Newton was appointed the Dayton, Ohio-based cooperative’s president/CEO. He spent the last 27 years in the credit union industry most recently as the senior vice president, member services for the $379 melon Universal 1 Credit Union in Dayton and was executive vice president of operations for the $87 million FirstDay Financial Federal Credit Union in Dayton, which merged with the $313 million River Valley Credit Union in Miamisburg, Ohio, April 1.
The $3.3 billion Lake Michigan Credit Union in Grand Rapids promoted Sara Hendrickson to vice president of retail sales and service. She joined LMCU in 1996 and holds more than 22 years of banking experience having previously worked at Grant State Bank, Valley Ridge Bank and Choice One Bank.
The $9.3 million Energy Services Federal Credit Union in St. Cloud, Minn., honored Penny K. Jarnot with the Minnesota Credit Union Foundation’s Credit Union Builder award recognizing those who have dedicated time and energy to building the credit union movement. After more than 25 years of service at Energy Services FCU, Jarnot is set to retire this month.
The $4.1 billion Patelco Credit Union in Pleasanton, Calif., hired Sue Gruber as senior as vice president and chief financial officer. She holds more than 20 years of experience and most recently served as senior vice president and chief financial officer at the $1 billion Jeanne D’Arc Credit Union in Lowell, Mass. She also held leadership positions at Bank of America, Brown & Company Securities. State Street Bank, Fleet Financial Corporation and BankBoston.
The $2.7 billion Wescom Credit Union in Pasadena, Calif., appointed Irving Yu as its senior vice president and chief financial officer. He previously served as the credit union’s vice president, treasury and chief investment officer since 2006 and also worked for Wescorp Investment Services Streetkeys/Keylessride and was the vice president and founder of e24/7, Inc. in Santa Monica, Calif.