Cheney Steps Off NAFCU Board

ARLINGTON, Va. - (01/19/06) – Xerox FCU President Bill Cheneyresigned his position on the NAFCU Board, as he prepares to takethe reigns of the California CU League, an affiliate of CUNA.Cheney could have continued to serve on the NAFCU Board under thetrade association’s bylaws, but agreed to step aside anyway.Two other well-known NAFCU Board members, Chairman Mike Vadala, ofThe Summit FCU, and former Navy FCU President Brian McDonnell, willbe leaving the panel over the next few months too. Cheney has beenhired to succeed Dave Chatfield as the president of the Californiaand Nevada leagues.