It may be common–and it certainly is permitted under NCUA rules–but debates are beginning to be heard among some credit union experts when it comes to credit union employees (frequently the CEO) serving on the board of directors as treasurer.
Industry experts bat around whether CEO serving as board treasurer is a good idea. Drugs and fraud case is an example. Print story online now.
Michael Parsons, president/CEO of the $330 million First Source Federal Credit Union in New Hartford, N.Y., has been elected NAFCU chair.
First Source FCU's president/CEO begins one-year term as chair at end of business meeting on Tuesday.
NewOak Capital, New York, appointed Chad J. Burhance to managing director and head of NewOak Solutions, the company's advisory service provider.