Citing personal reasons, Raymond Del Nero, president/CEO of the$1.8 billion Merck Employees Federal Credit Union in Rahway, N.J.,has resigned from his position on the New Jersey Credit Union League Board of Directors effectiveimmediately.

“Ray was an integral member of the Board and we are verysorry to see him leave. His perspective of the industry and hispassion for helping all credit unions in N.J. will be missed,” saidLouis Vetere, NJCUL board chair and president/CEO of the $281million Garden Savings Federal Credit Union in Parsippany, N.J.

The NJCUL board of directors will be accepting submissions fromcandidates interested in filling the vacant position on theboard.

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