EAST

First Heritage Federal Credit Union, Painted Post, N. Y., has named Frank D. Vassallo chief financial officer, responsible for financial analysis and operational oversight of accounting, compliance, collections, electronic funds transfers and Visa departments. Before joining First Heritage, he was CFO for Bank-Fund Federal Credit Union. While there, he supervised a team of nine accountants and financial analysts in preparing monthly and annual financial statements and managing all Treasury functions including operating cash and investments. Vassallo was also CFO for Fort Belvoir Federal Credit Union, primarily serving members of the U.S. military stationed at Fort Belvoir, Virginia. During a financial services career spanning more than 23 years, he worked as a senior consultant for CUNA Mutual Group, financial analyst for State Department Federal Credit Union, controller for TMB Federal Credit Union and accountant for Justice Federal Credit Union. He received his BA degree in economics from State University of New York at Geneseo in 1990, MA in finance from The Catholic University of America in 1995, and chartered financial analyst status in 1999.

SECU, Linthicum, Md., has named James P. Polcaro to serve as vice president of information technology. In his new position, Polcaro will be directly responsible for the leadership, management, and development of SECU's IT platform and strategy, ensuring alignment of staff, business processes, and overall information systems. With 15 years of CIO-level experience, Polcaro comes to SECU from Population Services International, a global public health organization delivering products and services to the world's most vulnerable populations. As CIO there, Polcaro was responsible for enterprise-wide technology efforts supporting operations in more than 50 countries in the developing world. He also oversaw operational execution of all aspects of the organization's IT portfolio, including infrastructure, systems development and integration, and ERP life cycles activities. Prior to joining Population Services, Polcaro served as vice president and CIO for Enterprise Community Partners. A U.S. Marine Corps veteran, Polcaro is a graduate of Cornell University and did executive coursework at both the MIT Sloan School of Management and the Harvard Kennedy School of Government.