LONG ISLAND CITY, N.Y., Nov. 8, 2012 /PRNewswire/ -- United Nations Federal Credit Union (UNFCU) Board of Directors today announced the appointment of William F. Predmore as its President/CEO, effective on 2 January 2013. Mr. Predmore succeeds Michael J. Connery, Jr., who will retire from UNFCU at the end of the year after nearly 24 years at the helm.

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With his promotion, Mr. Predmore brings extensive knowledge of the cooperative movement, regulatory landscape and United Nations system to his new position. He was, in 1989, named by Mr. Connery to serve as Executive Vice President responsible for overseeing the efficient operations of UNFCU, specifically the coordination and seamless integration of all departments on three continents.

"Bill's vast experience honed over 23 years at UNFCU will enable us to build on past success and begin our next chapter very strongly," said Michael N. Clark, Chairman of the Board of Directors. "The needs of our members, active service culture, emphasis on innovation and financial safety and soundness are areas in which Bill is not only fluent, but where he has also provided a roadmap for the future."

Prior to joining UNFCU, Mr. Predmore was Vice President of Finance at AT&T Employees Federal Credit Union, New Providence, N.J. From 1980 to 1985, he served as principal examiner for the National Credit Union Administration (NCUA) in New York. He began his career in financial services as an assistant examiner with the Federal Deposit Insurance Corporation (FDIC) in Greensboro, N.C. A native of Rochester, N.Y., he earned an MBA in Management Information Systems from Pace University, N.Y.

Mr. Connery has led award-winning UNFCU since 1989 with Mr. Predmore as the Executive Vice President, during which time, the financial cooperative that serves the staff of the United Nations, its specialized agencies, retirees and their families increased its membership from 16,200 to 98,000. Under Mr. Connery's watch, total assets grew from USD 233 million to more than USD 3.7 billion, as of September 30, 2012.

"UNFCU's business model puts it at the forefront of international cooperatives," said Mr. Predmore, who has frequently met with members at UN duty stations globally to provide briefings and obtain feedback on products/services. "The ability to cross borders with flexible programs and be first to market with many products, including international home loans, credit and debit card-based term life insurance globally, as well as chip and PIN credit cards in the United States, demonstrates a great willingness to find solutions for members no matter where they are located. It was a privilege having Mike as a mentor and I look forward to building upon his great track record."

About United Nations Federal Credit Union

UNFCU offers a wide array of flexible savings, loan, investment and insurance products, as well as advisory services and a focus on corporate social responsibility/sustainable development. UNFCU members reside in more than 200 countries and territories. Headquartered and with branches in New York City, UNFCU has representative offices in Geneva, Switzerland; Vienna, Austria; Nairobi, Kenya, and Rome, Italy. For more information, please visit its website at www.unfcu.org.

Press Contact: Elisabeth Philippe, UNFCU, Tel. 347-686-6776, ephilippe@unfcu.com

SOURCE United Nations Federal Credit Union