Alamo FCU’s CEO Departs Under Siege

Register now

SAN ANTONIO – Amid growing losses, Alamo FCU said its longtime president and CEO Al Carreon, Jr., has departed and the $40 million credit union is searching for a new CEO.

The credit union, working out of offices that are a scale replica of the Alamo, lost $783,000 last year and lost $222,000 for the first six months of 2011.

In the absence of a CEO, the board has formed a four-member executive committee to direct and oversee daily operations. They have engaged Continewity LLC, a consulting firm headquartered in Dallas, to help lead them through this major organizational turnaround and restore profitability.

 

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER