Richard Simonton, who has served as president/CEO of AOD Federal Credit Union for nine months, told Credit Union Times he is not sure why the cooperative's board of directors denied his request for a commitment for future employment.
Simonton was hired in December 2012 to lead the $261.9 million credit union in Bynum, Ala. He said it appears he will be leaving AOD FCU at the end of October.
"The crux of this is I came here without a contract with the intent of staying but I needed assurance that I had a job in order to move my family," Simonton said. "After nine months, I thought I was doing pretty well, so I asked the board to provide me with a commitment for future employment and they wouldn't provide it."
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