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Doug Allman Elected Chairman Of Co-Op Board Of Directors

Contact: Bill Prichard
Public Relations Manager
CO-OP Financial Services
800.782.9042, ext. 3450
Bill.Prichard@co-opfs.org

RANCHO CUCAMONGA, Calif. (May 3, 2010) – Doug Allman, President/CEO of NASA FCU, has been elected Chairman of the Board of Directors of CO-OP Financial Services, the nation’s largest credit union service organization and the industry leader in innovative access and convenience products for credit unions. 

Allman was elected to a one year term as Chairman at the annual meeting of CO-OP shareholders, held on April 19 in Scottsdale, Ariz. Also elected to Board offices for a one year term were Terry Laudick as Vice Chair/Chair-Elect; Doug Ferraro as Treasurer; and Patsy Van Ouwerkerk as Secretary.   

“Doug Allman has served as a member of the Board of Directors for six years, and we are very fortunate to have an industry leader of his caliber elected Chairman of CO-OP,” said David Osborn, President/CEO of Anheuser-Busch Employees Credit Union and outgoing CO-OP Chairman. “Rounding out the Board with Vice Chair/Chair-Elect Terry Laudick, Treasurer Doug Ferraro and Secretary Patsy Van Ouwerkerk gives Chairman Allman a strong team with which to guide CO-OP into the future.”

Allman has served as President/CEO of NASA FCU, Bowie, Md., since 1991. Prior to that, he was the CFO of the Department of Justice FCU, Washington, D.C. Allman currently holds positions on several other professional boards and committees, including Chairman of the Board of the Credit Union Mortgage Association, Fairfax, Va. A Certified Public Accountant, Allman holds an MBA from George Washington University and a BS from the University of North Carolina, Wilmington.

Laudick is President/CEO of New Mexico Educators FCU, Albuquerque, N.M., a post he has held since 2000. His work for New Mexico Educators FCU goes back to 1993, and he began his credit union career in 1984. He also serves on the board of CU Anytime, also of Albuquerque, N.M., and is currently enrolled in the CUNA Certified Credit Union Executive Program.  

Ferraro has served as President/CEO of $1.9 billion Bellco Credit Union, Denver, Colo., for more than 18 years. Prior to joining Bellco, Ferraro served as Senior Vice President, CFO of Vystar Credit Union in Jacksonville, Florida. He has been a licensed CPA since 1983.

Van Ouwerkerk is President/CEO of Travis Credit Union, Vacaville, Calif., having served in this capacity since 2002. Van Ouwerkerk’s extensive industry experience includes serving as Chairman of the Board of Credit Union Executives Society (CUES) and she is also a past Chairman of the California Credit Union League.

 

About CO-OP Financial Services

Based in Rancho Cucamonga, Calif., CO-OP Financial Services is the industry leader in access and convenience products for credit unions. Nearing 30 years of credit union service, CO-OP connects credit union members to their accounts through network services, payment processing, e-commerce, CO-OP Shared Branching and call center services. With a total of 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,000 shared branch locations, plus 160 million-plus monthly transactions, CO-OP Financial Services is the nation’s largest credit union service organization, offering the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org. Follow CO-OP on Twitter at: http://twitter.com/COOPFS and keep up with industry issues via the CO-OP Insight Vault blog at: http://co-opinsightvault.com.

Contact: Bill Prichard

                                                            Public Relations Manager

                                                            CO-OP Financial Services

                                                                        800.782.9042, ext. 3450

                                    Bill.Prichard@co-opfs.org


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