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.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.