Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Steven Krauser was appointed interim president/CEO of the $1.9 billion Melrose Credit Union after the credit union got into some trouble due to a concentration in taxi medallion loans. The credit union is looking to diversify its loan portfolio, which is highly concentrated with troubled taxi medallion loans, leading to more than $180 million in net income losses over the last year.

Krauser (pictured) replaced 34-year CEO Alan Kaufman who left the Briarwood, N.Y.-based credit union two weeks ago.

Peter Strozniak


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.