The $172 million TEG Federal Credit Union in Poughkeepsie, N.Y.,begins the new year with a new president/CEO.

Ronald Flaherty, former executive vice president and CFO,succeeds Joseph Prokop, who retired Jan. 2 after 32 years at thehelm of the 18,000-member TEGFCU.

Flaherty joined the credit union in 2000 after serving as CFOand then EVP at Freeplay Energy USA Inc. in Orangeburg, N.Y., thecredit union said.

“Ron is eminently qualified to take the reins at TEG. His provenleadership during his tenure at TEG and throughout his career madehim the natural choice to be our new leader,” said Walter BehrmanJr., the credit union's board chairman.

“I am proud and honored to be given the opportunity to leadTEG,” Flaherty said. “I look forward to serving TEG members in mynew role and continuing our credit union's long-standing traditionof financial strength. We have a wonderful team of employees andvolunteers who are focused on helping our members find financialsolutions that suit their individual needs.”

TEGFCU is open to everyone who lives, works, worships, or attendsschool in Dutchess, Orange and Ulster counties. It has branches inPoughkeepsie, Fishkill, Hyde Park, Beekman and WappingersFalls.