ARLINGTON, Va. – NAFCU last week announced three full-time employees were being let go as part of what it called “ belt-tightening.”
In addition, the trade group said it will eliminate a part-time position at the end of this year, and will leave unfilled a full-time position that has been vacant most of this year. It also said it “has realigned some positions to achieve maximum efficiency of the association’s staff.”
“Through judicious belt-tightening and careful budget management, NAFCU remains on track to end 2009 in the black,” said NAFCU spokesperson Jay Morris. “With the changes we have made today, we feel confident that we will also be able to balance our budget in 2010. NAFCU has prided itself on being fiscally responsible. We have always lived within our means, and been prudent managers of our members’ money. These are forward-thinking steps that will prepare us for what we anticipate will be another very tough year for our industry in 2010.”
The positions eliminated were support positions, according to NAFCU.
