Credit union collaboration has taken a new turn as two Washington, D.C.-area credit unions began sharing a single chief financial officer. The move, done to conserve resources and attract a more-qualified candidate, may herald a new trend for small institutions seeking to become more competitive.
New CFO Karen Gouldmann splits her time between the $68 million Department of Labor Federal Credit Union in D.C. and the $58 million Destinations Credit Union in Baltimore.
Gouldmann's former roles as a financial institution auditor, compliance officer and CEO for state and federally chartered banks and credit unions give her the unique skill set that the two credit unions were seeking, said Joan Moran, CEO of DOLFCU.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
