CorePlus Federal Credit Union has named two new officials to its' advisory boards. As a not for profit cooperative financial institution, CorePlus Federal Credit Union annually elects officials who volunteer their time and talent to serve the Credit Union. The Credit Union Board and Supervisory Committee members are nominated from the membership at large and voted on by the members at the Annual Meeting, held in May.
David B. Moorehead of Gales Ferry is Executive Director of the Waterford Country School. He has extensive experience in local civic, religious and municipal organizations. His background in finance and management of non-profit institutions will be a key benefit in his role as Credit Union Board Member. Moorehead has been a member of CorePlus for over 30 years.
Named to the Supervisory Committee is William R. Poirier of Thompson. He is the Senior Administrator of Environmental Health and Safety with AT&T. Poirier also serves on the Norwich Bulletin's Diversity Committee, Day Kimball Hospital's Philanthropy Committee, and is a member of the American Red Cross and BPOE.
The Board of Directors has the ultimate decision making authority and responsibility for directing and controlling the affairs of CorePlus and providing effective and efficient management of its overall operations. The Board approves policies that direct operational management and delegate the necessary authority accordingly. Board members have a fiduciary responsibility to the membership. Typically they will have a background in business, finance or management. They must be a member of the Credit Union.
CorePlus is proud to have a devoted group of members serving on its Board. They meet on a regular basis and have made a commitment to make certain the Credit Union provides valuable products and services to the membership.
CorePlus is in the midst of celebrating its 75th Anniversary Year. CorePlus Federal Credit Union has 7 branches locally; Norwich, Taftville, Backus Hospital, Groton, East Lyme, Waterford, and Plainfield. Core Plus currently has over 21,000 members and $192 million in assets. Its services are geared toward the retail customer through checking and savings type offerings and consumer driven products such as car loans, credit card services, mortgages and home-equity loans.
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