Alamo FCUs CEO Departs Under Siege
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.