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Conference 7.286::dcu

Title:DCU
Notice:1996 BoD Election results in 1004
Moderator:CPEEDY::BRADLEY
Created:Sat Feb 07 1987
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1041
Total number of notes:18759

909.0. "Management changes at DCU" by WLDBIL::KILGORE (Missed Woodstock -- *twice*!) Wed Jan 11 1995 07:37

From:	US2RMC::"[email protected]" 11-JAN-1995 07:27:03.06
To:	wldbil::Kilgore, rowlet::Ainsley
CC:	
Subj:	Please post



FOR IMMEDIATE RELEASE
For Additional Information
Contact:  Tim Garner, 800/328-8797 ext. 204


                         Management changes at DCU

Maynard, MA - January 9, 1995 - The Digital Employees' Federal Credit
Union (DCU) announced the voluntary resignations of Mary Madden,
Vice President of Operations, Allan Prindle, Vice President of Lending,
and Betty Moran, Vice President of Finance today.  The three are leaving
DCU to pursue opportunities at Hudson Valley Federal Credit Union in
Poughkeepsie, New York.

DCU has assigned managers in each functional area to temporarily assume
responsibilities as it evaluates its management needs.  Operations Manager
Thomas K. Ryan will head Operations, Real Estate Servicing Manager Thomas
Gray will lead Lending, and Internal Auditor James F. Regan will handle
Finance.

DCU is a member-owned not-for-profit financial cooperative.  It provides
savings, loan, and financial services to its member/owners.  It is the
second largest credit union in Massachusetts with more than $339 million
in assets and 69,000 members.  DCU currently operates 18 branches in
7 states.



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% From: [email protected]
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% To: wldbil::Kilgore, rowlet::Ainsley
% Subject: Please post
    
T.RTitleUserPersonal
Name
DateLines
909.1about timeNPSS::BADGERCan DO!Wed Jan 11 1995 07:463
    now I see definate improvements at DCU HQ.
    ed
    
909.2This is great news!!!!ROWLET::AINSLEYLess than 150 kts. is TOO slow!Wed Jan 11 1995 08:104
Great!  I see they are going to join Chuckie at IBM...He deserves them.
Anybody else want to join them?  I'll hold the door for you!!!

Bob
909.3CRASHR::JILLYCOSROCS -- In Thrust We TrustWed Jan 11 1995 09:132
Ditto on .2 .   Now the BoD can really *change* the DCU with their choice of a
new CEO. This house cleaning has been needed for a long time.
909.4MOLAR::DELBALSOI (spade) my (dogface)Wed Jan 11 1995 09:442
Now, if we can only get rid of the lawyer, we should be all set . . . 

909.5MOLAR::DELBALSOI (spade) my (dogface)Wed Jan 11 1995 09:476
This raises an interesting question, though -

    How does it happen that there suddenly are three high level positions
    available at the IBM CU? Do you suppose there was a mass Exodus when
    Chuckles arrived?

909.6WLDBIL::KILGOREMissed Woodstock -- *twice*!Wed Jan 11 1995 10:1810
    
    I think it's a plot by DEC and DCU (which are totally disconnected
    entities) to bring down IBM. You see, we distract all their engineers
    with a big credit union flap, and then...
    
    -------
    
    I don't know about Prindle and Moran, but the departure of Ms. Madden
    certainly bodes well for DCU member relations.
    
909.7they may just fit in with the IBM heaviesSCHOOL::KOPACKOWed Jan 11 1995 10:327
With such obvious loyalty to Chuck, rather than the CU, I say
good riddance!  I sure hope the DCU employees in the branch
offices can now see what their top managers were/are really
all about.  Clean the place out from top to bottom and establish
DCU as a real CU.

Ray
909.8sidebarCADSYS::RITCHIEElaine Kokernak Ritchie, 225-4199Wed Jan 11 1995 13:084
    And we now know the current member count.  Funny way to learn it,
    though.
    
    Elaine
909.9GREAT NEWS!!!STAR::BUDAI am the NRAWed Jan 11 1995 17:0626
RE: Note 909.0 by WLDBIL::KILGORE

>Maynard, MA - January 9, 1995 - The Digital Employees' Federal Credit
>Union (DCU) announced the voluntary resignations of Mary Madden,
>Vice President of Operations, Allan Prindle, Vice President of Lending,
>and Betty Moran, Vice President of Finance today.  The three are leaving
>DCU to pursue opportunities at Hudson Valley Federal Credit Union in
>Poughkeepsie, New York.

It is with great pleasure that we see Sir Charles followers march to a
new battle.  Mary "Just Say NO" Madden was the great IPP monger (Information
Protection Policy).  She ruled with an iron hand and followed what her
boss (Sir Charles) told her to do.  I feel sorry for IBM's credit union
(where Chuck and his 3 followers are at).  They will change from a
credit union to a bank in 2 to 3 years.

I foresee the change in management to get the credit union back to its
roots and better things to come for the membership.  It will take 6-12
months, maybe longer to undo all the policies and regulations that have
been implemented.

I congratulate the members who hung in there and fought the good fight. 
We are on our way to reclaim the credit union and some major hurdles
have left.

	- mark
909.10NPSS::BADGERCan DO!Thu Jan 12 1995 07:557
    I think its best if you follow up your thoughts with a note to your
    directors.  I *think* I detect again, like last time we thought we
    elected RC people, some newbies may be banking to a different tune.
    Its always best to keep a dialog with them to remind them of their
    campain promises.  No, I am not talking about Phil and Chris.
    ed
    
909.11ROWLET::AINSLEYLess than 150 kts. is TOO slow!Thu Jan 12 1995 08:093
re: .10  I've already done that.

Bob
909.12Bye Bye Mary Quite ContraryARGUS::BISSELLMon Jan 16 1995 10:412
This is even better news that Chuck leaving.  I always felt that Mary was a
bigger part of the problem.  Don't know anything about the other two