The $172 million TEG Federal Credit Union in Poughkeepsie, N.Y., begins the new year with a new president/CEO.

Ronald Flaherty, former executive vice president and CFO, succeeds Joseph Prokop, who retired Jan. 2 after 32 years at the helm of the 18,000-member TEG FCU.

Flaherty joined the credit union in 2000 after serving as CFO and then EVP at Freeplay Energy USA Inc. in Orangeburg, N.Y., the credit union said.

“Ron is eminently qualified to take the reins at TEG. His proven leadership during his tenure at TEG and throughout his career made him the natural choice to be our new leader,” said Walter Behrman Jr., the credit union's board chairman.

“I am proud and honored to be given the opportunity to lead TEG,” Flaherty said. “I look forward to serving TEG members in my new role and continuing our credit union's long-standing tradition of financial strength. We have a wonderful team of employees and volunteers who are focused on helping our members find financial solutions that suit their individual needs.”

TEG FCU is open to everyone who lives, works, worships, or attends school in Dutchess, Orange and Ulster counties. It has branches in Poughkeepsie, Fishkill, Hyde Park, Beekman and Wappingers Falls.

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