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News Now

CU System
N.Y. association elects board chair officers
ALBANY, N.Y. (5/22/09)--Al Frosolone, president/CEO of Niagara's Choice FCU, Niagara Falls, N.Y., was elected chair of the Credit Union Association of New York's board of directors during the association's annual meeting in Albany, N.Y.
"While these are challenging times for the credit union industry due to the volatility of the financial marketplace, it is also a time of great opportunity," said Frosolone. "I believe the association's best years are still ahead of us, and it will be my privilege to serve as chairman of this group as we navigate through the current crisis while creating value for our members now and into the future." Other officers elected included:
* Vice-chair, Lou Jimenez, CEO of Montauk CU, New York, N.Y.; * Secretary, Laurie Baker, senior vice president/chief operating officer, The Summit FCU, West Seneca; and * Treasurer, Bill Spearman, president/CEO, Mid-Hudson Valley FCU, Kingston.
Both Jiminez and John Gibardi, president/CEO of Entertainment Industries FCU, New York, N.Y., were re-elected to their director positions. New board member is Mark Pfisterer, president/ CEO of AmeriCU CU, Rome. He will represent credit unions with more than $500 million in assets. The new officers were officially seated immediately after the association's annual business meeting Wednesday. The association's board consists of 11 directors representing five asset categories: less than $25 million, $25 million to $50 million, $50 million to $100 million, $100 million to $500 million, and more than $500 million.


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