NASCUS Narrowing Candidates
ARLINGTON, Va.-The National Association of State Credit Union Supervisors (NASCUS) said it is now working to narrow to 10 or fewer the candidates for its vacant CEO position. The association reported receiving 44 applications for the job, vacated by Doug Duerr and currently filled by interim CEO Mary Martha Fortney. The search committee is being led by James E. Forney, Iowa's credit union regulator. Formal interviews are to begin in January, with a projected target date for naming a new CEO being the end of that month.
Merger Adds 2 To Wescorp Board
SAN DIMAS, Calif.-With the merger of Pacific Corporate FCU into WesCorp, two new seats have been added to the latter's board. Filling those seats will be Warren Nakamura, past chairman of PacCorp and president of $223-million Honolulu Federal Employees FCU, and Thomas Graham, president/CEO of Kinecta FCU in El Segundo, Calif. The two additions brings the WesCrop board to 11 members.
Clinton, CUs At Microbiz NY
TROY, N.Y.-U.S. Sen. Hillary Clinton was the keynote speaker at a one-day conference to launch MicroBizNY, the state's first statewide microenterprise association. Among those in attendance at the meeting were representatives of the New York State Credit Union League (NYSCUL) and six New York credit unions were also in attendance. NYSCUL and its member credit unions used the occasion to tell Sen. Clinton about their role in supporting microenterprise.
Herman Exits Kraft Foods FCU
WHITE PLAINS, N.Y.-Holly Herman has resigned as CEO/President of Kraft Foods FCU. The credit union said Herman told the board she is interested in pursuing "other interests." Herman is also a CUNA board member, and the trade group said it will either appoint someone to fill the remainder of Herman's term or hold a special election. During Herman's nearly 10-year tenure as CEO, KFFCU's assets grew to $500 million from $200 million. Bruno Sementilli, formerly the senior VP and 20-year Kraft Foods FCU employee, has been appointed to president/CEO.
