Three years after conservatorship, the $1.4B cooperative posts $21.7M year-end net income for 2014.
Providing no additional details, an employee at AOD Federal Credit Union told Credit Union Times on Sept. 9 that Richard Simonton is no longer the cooperative’s president/CEO.
Richard Simonton is no longer the president/CEO of the S261.9 million AOD Federal Credit Union.
Richard Simonton, who has served as president/CEO of AOD Federal Credit Union for nine months, told Credit Union Times he is not sure why the cooperative’s board of directors denied his request for a commitment for future employment.
The $245 million, 31,400-member AOD Federal Credit Union in Bynum, Ala., has named veteran credit union executive Richard Simonton Sr. as its new president and CEO.
Alabama credit union names industry veteran to its top job.
The NCUA said Friday night that it had placed Texans Credit Union of Richardson into conservatorship.
Robins Federal Credit Union is expanding its central Georgia footprint by purchasing two branches spun off by Park Community FCU of Louisville, Ky.
The $1.4 billion Robins Federal Credit Union has grown its central Georgia footprint by $15 million this month with the purchase of the assets and accounts of two branches being spun off by the $465 million Park Community FCU of Louisville.