HIGHTSTOWN, N.J. — The New Jersey Credit Union League announcedtoday that CEO Bob Walls is no longer employed at the league.
|Walls was named CEO in July of 2005. He was formerly CEO of theDelaware Credit Union League.
|A league spokesman said no further details are available, butassured N.J. credit unions that the league has a dedicated staffthat is committed to serving them.
|“We wish Bob the best and thank him for his accomplishmentsduring his tenure. We extend our sincere good wishes to him in allhis future endeavors,” said Rina Pantano, chairman of the NJCULBoard, which is in the process of naming a search committee.
|The top spot at the league has not been very stable. Prior toWalls, the league was led by Tom Shaughnessy, who was later firedand convicted of embezzling approximately $300,000. Shaughnessy wasnamed CEO in April of 2003 and served for just over a year. BeforeShaughnessy, the league was led by Russell Clark who held the jobfor six years. The board did not renew Clark's contract.
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