Ronald Flaherty has been promoted from executive vice president and chief financial officer  to president/CEO of the $172 million TEG Federal Credit Union in Poughkeepsie, N.Y.

Flaherty succeeds Joseph Prokop, who retired Jan. 2 after 32 years at the helm of the 18,000-member TEG FCU. Flaherty joined the credit union in 2000 after serving as CFO and then EVP at Freeplay Energy USA Inc. in Orangeburg, N.Y., the credit union said.

"Ron is eminently qualified to take the reins at TEG. His proven leadership during his tenure at TEG and throughout his career made him the natural choice to be our new leader," said Walter Behrman Jr., the credit union's board chairman.

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