Darin Woinarowicz, chief operating officer at Kern Schools FCU in Bakersfield, Calif., has been named by the NCUA as the new permanent CEO at the conserved Arrowhead Central CU in San Bernardino, Calif.
"We believe the selection of Darin Woinarowicz is one that will ensure the credit union has sound strategic processes, a member-oriented focus, and the strong risk management and oversight necessary to rebuild and prosper," Jane Walters, NCUA Region II director, said Monday.
The agency called the appointment of Woinarowicz the next step in its recovery plan for Arrowhead, which was conserved in June 2010 after losing more than $47 million in 2009. The NCUA said the then-$876 million CU had underreported losses in its March 2010 financial performance report.
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