Alamo FCU’s CEO Departs Under Siege

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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.


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