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CU System
Arrowhead CEO takes job with Cal State
SAN BERNARDINO, Calif. (8/2/10)--The former CEO of Arrowhead Central CU, San Bernardino, Calif., has accepted a position as vice president for university advancement at Cal State, according to local media reports. Larry Sharp, who was dismissed by the National Credit Union Administration (NCUA) as CEO of the credit union, will be in charge of development, public affairs and alumni affairs at Cal State San Bernardino. Sharp has a master’s degree in business administration. He will replace Francois Aylmer, who moved to Portland State University (The Press-Enterprise July 29). Al Karnig, Cal State president, said the university would benefit from Sharp’s skills. “While recent developments at Arrowhead CU, which grew out of the deep recession that severely damaged the [local] economy, have been very unfortunate, the university will benefit extraordinarily by the skills and perspectives that [Sharp] has developed over his outstanding career,” he said. NCUA assumed control of Arrowhead June 25 and fired senior-level four employees, including Sharp. The $876-million-asset credit union had been placed into conservatorship due to declining financial condition. The employees were Sharp; Daniel Marciante, chief financial officer; Gene Shabinaw, senior vice president of lending; and Ray Messler, senior vice president of strategic development (Fontana Herald News July 16). Arrowhead is open for business and has continued uninterrupted service to members since June 25, John McKechnie, NCUA director of public and congressional affairs, told News Now (July 19).


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