Under his 32 years of leadership, Paternostro grew NEFCU from two branches, 42 employees and $100 million in assets to 19 branches, 406 employees and assets of $3 billion.

Deieso joined NEFCU in 1992, working in virtually all departments from branch operations to information technology over the past 26 years.

"John Deieso is a strategic, operational, technical and financial expert well poised to build on our vision of NEFCU," George Plevretes, NEFCU's board chair, said. "He is a dynamic and well-respected leader who can advance us along an exciting and trailblazing path.  No one knows NEFCU like John does and he has the full support of our board and our NEFCU team."

Christopher O'Malley was appointed president/CEO of the $164 million Pasadena Federal Credit Union in Pasadena, Calif.

Christopher O'Malley

He succeeds Ron Berry who retired after 30 years of service.

"Ron Berry took the helm of PFCU during a very challenging time in the national economy, successfully navigating through some very tough challenges while other credit unions failed," Rich Haluschak, PFCU's board chair, said. "He wisely invested in technologies that will allow PFCU and its members to thrive for years to come."

With more than 25 years of experience in the financial services industry, O'Malley served as senior vice president of retail delivery and chief information officer for the $1 billion iQ Credit Union in Vancouver, Wash.

Previously, he has held senior leadership positions with the $1.3 billion Altura Credit Union in Riverside, Calif., Citibank, Wachovia and Zion's Bank.

"The board knows that with Chris' leadership, the team will not only continue to improve service to our current membership, but also grow and engage with our community in new ways," Haluschak said.

PFCU operates one branch, employs 30 staff members and serves more than 11,000 members.