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CU System briefs (12/10/2008)
* MERIDEN, Conn. (12/11/08)--The Connecticut Credit Union Charitable Foundation has raised more than $38,000 for needy people in the state. Half the proceeds will go to the Connecticut Food Bank and Hartford FoodShare. The other 50% will go to Operation Fuel, an organization assisting families with fuel and electric bills. Mary Ann Pollaro, executive director of the foundation, said the fundraising not only helps the needy but increases awareness of the credit union philosophy of “People Helping People.” The funds raised will “help feed thousands of needy Connecticut residents and keep them warm this winter,” she said … * MARLBOROUGH, Mass. (12/11/08)--The board of Digital FCU (DCU) has
announced the upcoming retirement of President/CEO Carlo Cestra this spring and the selection of Jim Regan, DCU’s long-time chief financial officer (CFO), as his successor. A 40-year veteran of the credit union movement, Cestra has been CEO at DCU since April 1995 and led the credit union through more than 10 years as the fastest-growing large credit union in America, according to Callahan & Associate consulting firm. Cestra is a former CEO at AT&T Employees FCU, Bedminster, N.J., and Suffolk (N.Y.) FCU. The board selected Regan after a year-long search that considered more than 700 candidates. Regan began his career at DCU in 1991 as an internal auditor and became vice president of finance in 1995, then senior vice president/CFO in 1996. He is a member of the Credit Union National Association’s Accounting Task Force …


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