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CU System
CU System briefs (10/19/2011)
* ONTARIO, Calif. (10/20/11)--John Merlo, CEO of Chatsworth, Calif.-based Premier America CU, has been named an "Unsung Hero" by the
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California Credit Union League. The award honors individuals who have been in the credit union industry for at least 20 years and who have made significant contributions to the community. Merlo's contributions include years of service on the Western Corporate FCU board and as chairman; serving on the league's Government Relations Committee and what was then Assembly of Delegates; serving on the board and as chairman of CUDL; and contributions to Children's Miracle Network Hospitals and the Richard Myles Johnson Foundation. Under his leadership, Premier America has grown to more than $1.32 billion assets from $350 million. He also worked for Hughes Aircraft Employees FCU (now Kinecta FCU) in senior management positions and was president/CEO of its credit union service organization for nine years. He is pictured with Lucy Ito, league senior vice president of credit union growth and development, during the award presentation Oct. 7. (Photo provided by the California Credit Union League) … * EAU CLAIRE, Wis. (10/20/11)--Rudy Pereira has been named to succeed Charles Grossklaus as CEO of Eau Claire, Wis.-based Royal CU (RCU), announced RCU Board Chairman Doug Olson Wednesday. Pereira will assume the CEO role on Dec. 12. Grossklaus ends a 40-year career with RCU, serving as CEO the past 27 years. Pereira is a 25-year veteran of the credit union industry, serving most recently as senior vice president operations and technology at Alliant CU, Chicago. He was chair of the Credit Union National Association's (CUNA) CUNA/BITS Advisory Task Force and vice chair of the CUNA Council Forum … * COVENTRY, R.I. (10/20/11)--Conventry (R.I.) CU has announced that David Root became the credit union's CEO on Oct. 3. Root succeeds Richard Gingell, who retired. Root has been the credit union's independent auditor for the past 20 years. He has more than 30 years' experience in the banking industry. A CPA in Massachusetts and Rhode Island, he owns Root & Associates. The credit union has $259 million in assets …


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