>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 CFCU President Stan Baron retiring

Print

CFCU President Stan Baron retiring

Chetco Federal Credit Union President and CEO Stan Baron
Chetco Federal Credit Union (CFCU) recently announced the retirement of President and CEO Stan Baron, effective May 1.

Chairman of the Board, Dr. Jim Nelson said, “We hate to see Stan go, but understand his desire to return to the East Coast and spend more time with his family. We will miss him, but we have his phone number.”

Mr. Baron came to CFCU in June of 2000 after more than 30 years in the credit union industry; nearly 20 of those years as a president and CEO. He oversaw the increase of CFCU’s assets from roughly $100 million to a high of more than $370 million, and the expansion of its service area to include Coos County.

During his tenure CFCU also took a more active role in the communities it serves with an emphasis on assisting small businesses and those who are often denied access to financial services by national and larger financial institutions. CFCU also began routinely sponsoring a number of community activities from recreational youth teams to the Community Food Bank and Meals on Wheels.

Particular attention has been given to the youth of the communities. CFCU provides scholarships, financial literacy training in schools, and operates branches in 14 of the area’s schools. CFCU’s Dollar Dog program in local elementary schools is well regarded and recognized nationally.

“It has been a great honor and privilege to serve our members and the communities in Curry, Coos and Del Norte counties,” Mr. Baron said. “I will certainly miss the many, many people I have gotten to know here, but after more than 40 years in the credit union industry, it is time to spend more time with the grandchildren. I want to especially thank the Board of Directors and staff of CFCU for their hard work and support.”

The Board of Directors is currently working on determining Mr. Baron’s successor. In the meantime, EVP (Executive Vice President) and General Counsel Peter Spratt will serve as Interim CEO.

For additional information or questions contact Peter Spratt at 541-469-7700.

CFCU is a community- chartered credit union, dedicated to serving members in the communities of Coos and Curry Counties, and Del Norte County. CFCU has provided 51 years of service to more than 31,000 members; with eight primary branch locations as well as 14 youth branches in area schools and $356 million in assets.

Print

Business News by Yahoo Finance

  • Dollar revs up for jobs data, euro bonds rally on ECB
    The dollar hit a new 11-year high against major currencies on Friday as investors bet the monthly U.S. jobs report would add to the chance of rate hikes, even as the European Central Bank embarks on a 1 trillion euro campaign of bond-buying. The same balance of risks saw the gap between German and U.S. bond yields stretched to its widest in more than a quarter of a century as government bond yields across the 19-country euro zone took another step lower.
  • Oil climbs to $61 on Mideast supply concerns
    Brent crude oil rose to around $61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets. Fighting has escalated in northeast Iraq where Islamic State militants have set fire to oilfields to deter Shi'ite militiamen and Iraqi soldiers from advancing. In Libya, worsening security conditions have led to the closure of 11 oilfields. "The Libyan and Iraqi oilfield skirmishes are worrying," said Tamas Varga, oil analyst at London brokerage PVM Oil Associates.
  • Fed should not be too patient on rate hikes, Williams says
    Federal Reserve policymakers should not wait too long to raise interest rates, a top U.S. central banker said on Thursday, because doing so could mean "drastically" overshooting on inflation and forcing the Fed to hike rates dramatically. "I think that by mid-year it will be the time to have a serious discussion about starting to raise rates," San Francisco Fed chief John Williams said.

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

© Copyright 2001 - 2015 Western Communications, Inc. All rights reserved. By Using this site you agree to our Terms of Use