Sidney Federal Credit Union in New York has named James Reynolds as its new president and CEO.
The $488 million-asset credit union said on Friday that Reynolds will succeed James Doig, who is retiring after 22 years, on Jan. 1.
“We are highly confident in Jim’s ability to lead our organization forward based on his demonstrated leadership skills and experience as well as his extensive knowledge of the credit union industry as a whole” Scott McLean, Sidney’s chairman, said in a statement.
Reynolds formerly served as vice president of communications and chief operating officer at the $1.8 billion-asset Empower Federal Credit Union in Syracuse, N.Y. Reynolds also worked as a business development account executive and director of sales at Empower’s predecessor, Empire Federal Credit Union. In 2007, Empire and Power merged to form Empower.
Sidney FCU posted net income of about $2.9 million in the first nine months of 2018, an 87 percent jump from the same period in the prior year.
