Terry Laudick, president/CEO of the $1.2 billion New Mexico Educators Federal Credit Union in Albuquerque, N.M., has been elected to a one-year term as chairman of the board of CO-OP Financial Services, the California-based CUSO announced.

Laudick was re-elected to a third, three-year term to the board itself on April 29 and has been president/CEO of the 130,000-member New Mexico Educators FCU since 2000.

“I want to thank the members of the board for their support, their commitment of time and their vision for the future,” said Laudick. “And, a special thank you to Doug Allman (of NASA FCU) for his leadership as chairman these past two years.”

Other officers elected were Doug Ferraro, president/CEO, Bellco CU, Greenwood, Colo., vice chairman/chairman elect; Jeff Napper, president/CEO, LBS Financial CU, Westminster, Calif., treasurer; and Allan McMorris, president/CEO, Oakland County CU, Waterford, Mich., secretary.

Also re-elected to third terms as board members were Rick Craig, president/CEO of America First CU in Riverdale, Utah, and Patsy Van Ouwerkerk, president/CEO of Travis CU in Vacaville, Calif.