Doug Ferraro, president/CEO of the $2.7 billion Bellco Credit Union of Greenwood Village, Colo., was elected chairman of CO-OP Financial Services, according to a Monday release from the CUSO.
Ferraro has served on the CO-OP board since 2010. He was named CEO of Bellco in 1992, when the credit union had just $453 million in assets and 87,633 members. Ferraro also serves on the boards of Open Technology Solutions, Gateway Services Group and Credit Union Direct Connect, CO-OP said in a release.
"I congratulate Doug on his election to Chairman of CO-OP," said Terry Laudick, President/CEO of New Mexico Educators FCU, who served as chairman the previous two years. "We are confident Doug will provide fine board leadership for the industry leader in access and convenience products for credit unions."
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Ferraro was elected May 21 in New Orleans during the CO-OP board's annual organizational meeting, held during CO-OP's THINK 14 conference.
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