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CU System
CU System briefs (03/18/2011)
* ST.PETERSBURG, Fla. (3/21/11)--PSCU Financial Services has named Michael J. Kelly as the organization's new president/CEO, announced Board Chairman Craig Esrael, president of First South Financial CU, Bartlett, Tenn. Before joining the credit union service organization, Kelly was general manager of Payments Network for Fiserv Inc. in Morris Plains, N.J. There he was instrumental in creating and implementing payments strategies now used by thousands of financial institutions nationwide. He also was responsible for identifying new markets and delivery channels for the payments network. PSCU Financial Services is owned by more than 680 credit unions … * BATON ROUGE, La. (3/21/11)--E FCU CEO Ken Bordelon has announced he will retire, effective July 1. Tyler Grodi has been selected to succeed him as CEO. Grodi will take the reins May 1, and will work with Bordelon during his last two months. Bordelon made his formal announcement to the board and staff last October, said the Louisiana Credit Union League (eNews March 16). Bordelon has worked with credit unions since 1981, when he became manager of Alexandria (La.) USDA FCU. He joined E FCU in 1996 and was promoted to CEO in 1998. He led the credit union from a single-sponsor credit union with $81 million in assets to a full-service, community credit union with more than $250 million in assets. In 2007, the former president of the Baton Rouge Credit Union Chapter was awarded the league's Lifetime Achievement Award … * CLAREMONT, Calif.(3/21/11)--Economist and market analyst Dwight Johnston, formerly with WesCorp FCU, announced he is launching a company, Dwight Johnston Economics. Johnston has more than 35 years of experience in the investment industry. His company produces commentaries, forecasts, media and personal appearances for the public at dwightjohnson.com. His Telly-award winning podcast on iTunes, "OnDeck with Dwight Johnston," is now in an updated version and posted on his homepage, soon to be available on iTunes … * HARRISBURG, Pa. (3/21/11)--Robert H. Moyer, a former board member and past chairman of Hershey (Pa.) FCU, died March 10 in Lebanon, Pa., according to the Pennsylvania Credit Union Association. He worked for the Hershey Foods Corp. for 37 years and served on the credit union's committees and board from 1976 to 2000, when he retired from the board. Since then, he has served as director emeritus and attended many HFCU board meetings and functions. He was instrumental in opening a branch in Lebanon County in 1998 (Life is a Highway March 17) …


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