Since taking the helm of the $2.2 billion Corporate AmericaCredit Union in November 2012, President/CEO Pete Pritts has almost entirelyreplaced his senior and middle management team, revamped thebalance sheet, and in October will implement a new feestructure.
The changes will net the Irondale, Ala.-based corporate morethan $4.4 million in annual operating expense reductions.
“We were structured for adifferent economy and different regulatory environment,” Prittssaid in an interview. “Today's income opportunities are verydifferent.”
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