WASHINGTON — Trust for Credit Unions, a $1.7 billion group of credit union investment funds, has elected Rudy Hanley its new chairman.

Hanley, who is president/CEO of $7.8 billion SchoolsFirst Federal Credit Union, previously served as TCU's vice chairman. Hanley's predecessor, Gary Oakland, president of $8.49 billion BECU, concluded his three-year tenure as board chairman.

Joining Hanley at the helm is Stanley Hollen, the new TCU Board vice chairman, who was elected to the board in December 2007. Hollen is president/CEO of CO-OP Financial Services.

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Founded in 1988, TCU provides three fund portfolios.

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