Richard Simonton, who has servedas president/CEO of AOD Federal Credit Union for nine months, saidhe is not sure why the cooperative's board of directors denied hisrequest for a commitment for future employment.
Simonton was hired in December 2012 to lead the $262 million credit union inBynum, Ala. He had been working as a conservatorship CEO for theNCUA. He said it now appears he will be leaving AOD FCU at the endof October.
“The crux of this is I came here without a contract with theintent of staying but I needed assurance that I had a job in orderto move my family,” Simonton told Credit Union Times onTuesday.
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