>Brookings Oregon News, Sports, & Weather | The Curry Coastal Pilot

News Classifieds Web
web powered by Web Search Powered by Google

News arrow News arrow Business arrow BARON APPOINTED CREDIT UNION CHIEF

Print

BARON APPOINTED CREDIT UNION CHIEF

Stanley L. Baron, a native of the East Coast, has taken the reins of Chetco Federal Credit Union.

Baron replaces Bob Dugan, former president and chief executive officer, who resigned earlier this year.

The new credit union chief began working June 12 after moving from New Jersey where he was president of a credit union.

After earning his bachelors degree in business from Montclair State University in New Jersey, Baron went into the financial institution business.

One of his goals was to move to the West Coast after he graduated from college, Baron said. But he encountered obstacles that kept in on the East Coast.

He got married and he and his wife, Tina, spent the next 30 years working in financial institutions and raising three children, who are now 27, 25 and 21, Baron said. The past 20 years has been serving as head of credit unions.

Now that the children are on their own, the couple decided to fulfill their dream of a westward move.

My wife and I decided to leave the rat race because the rats were winning, Baron said.

My wife and I had a short list of areas we wanted to relocate to, Baron said. These places they had visited on vacations. After learning about the opening at Chetco Federal Credit Union, he researched the financial institution and I liked everything about CFCU.

Not only is Baron happy to be working at the credit union, he finds the area a place to exercise his hobbies, which include golf, river fishing and visiting museums.

At the credit union, Baron hopes to promote his philosophy.

A credit union should never lose sight of the purpose for which they were created, Baron said, to serve the members financial needs.

I believe CFCU has the potential to be the primary financial institution for everyone in Curry and Del Norte counties, Baron said.

Print

Business News by Yahoo Finance

  • Europe rides rebound as global sell-off abates
    World stocks hit a nine-month low on Friday but oil and southern European bonds were off their week's worst levels, as investors began to dust themselves off after one of the most volatile spells in world markets in years. Bourses in London (.FTSE), Frankfurt (.GDAXI) and Paris (.FCHI) started the day up 1 to 1.5 percent and Athens (.ATG) rose 4.5 percent as Greek governments bonds steadied after their worst run since the height of the euro crisis in mid-2012. The possible return to recession in the euro zone, a floundering economy in Japan, slowdown in China and the Ebola virus outbreak have conspired to rattle investors already fretting about the end of years of U.S. It has been a fourth straight week of stock market falls in the U.S.
  • Goldman curbs bankers' compensation even as revenue surges
    Top Goldman Sachs Group Inc (GS.N) executives are determined to keep compensation costs under control. On Thursday, Goldman reported a 25 percent increase in quarterly revenue, but the money it set aside for compensation and benefits rose only 18 percent from the same period a year earlier. The amount of money it has set aside for compensation is more or less unchanged, as is the average compensation per employee, at around $320,000 for the first nine months of the year. Sources familiar with the matter inside Goldman Sachs described the restraint as a sign of the shifting mentality about bonuses at the bank: it wants to tightly control compensation, even if it has good quarters with big revenue gains.
  • Google's revenue falls short despite curbing price declines
    Google Inc's revenue fell short of Wall Street's expectations as growth in Internet advertising slowed in the most-recent quarter, offsetting a modest improvement in ad pricing, sending its shares down about 3 percent. Shares of Google fell 2.7 percent to $510.11 in extended trading on Thursday. Google posted $16.52 billion in revenue for the three months ended Sept. 30, compared to $13.75 billion in the year ago period. On Thursday, Google announced it had appointed Omid Kordestani its new chief business officer, replacing Nikesh Arora, who had departed a quarter ago to join Japan's Softbank Corp. The chief business officer is considered a key position, overseeing all the company's revenue-generating activities and serving as a liaison to investors and Wall Street.

Follow Curry Coastal Pilot headlines on Follow Curry Coastal Pilot headlines on Twitter

© Copyright 2001 - 2014 Western Communications, Inc. All rights reserved. By Using this site you agree to our Terms of Use