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ARLINGTON, Va. – The results are in to fill the four open seats on NAFCU’s Board and though three volunteers ran for the spots, none of them made the final cut. Two at-large seats are currently vacant and will be filled by American Airlines FCU President and CEO John Tippets and Navy FCU President and CEO Cutler Dawson after NAFCU’s 39th Annual Conference in July. These seats were vacated by Brian McDonnell, former treasurer and CEO of Navy Federal who retired, and Bill Cheney, who left Xerox Federal Credit Union to become president and CEO of the California and Nevada Credit Union Leagues. Ed Templeton, president of SRP FCU in North Augusta, S.C., will be completing the one year remaining on the term of Nationwide FCU CEO Paula Edwards who is a director-at-large. Finally, Michael Parsons, president and CEO of First Source FCU in New Harford, N.Y. will take the Region I seat, currently occupied by NAFCU’s chairman, Mike Vadala, who is the president and CEO of The Summit FCU. Vadala has served the maximum three, three-year terms. Except for Templeton, the new board members won three-year terms. Though three volunteers ran for the seats, none garnered enough votes to occupy one of the board seats. NAFCU would not disclose the final vote tallies upon request by Credit Union Times. Dave Gilbert, chairman of Aberdeen Proving Ground FCU, is the only volunteer who sits on NAFCU’s board. The lack of volunteers on the national trade association boards has been a topic of much debate within the credit union community. The NAFCU Board will elect the 2006-2007 table officers in June.

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