North Jersey FCU has named a new president/CEO. The $238-million NJFCU said it has selected Anna Lo to lead the organization effective Jan. 4, succeeding Lourdes Cortez, who is retiring after 37 years of service at the CU. She succeeds Lourdes Cortez, who is retiring after 37 years with the $242 million-asset credit union.
Lo was recently CEO of the $71-million Pacific Transportation FCU in Gardena, California.
NJFCU said the change at the helm of the organization was a well-planned and deliberate process.
“As we prepared for the retirement of Lourdes Cortez, the board of directors has been working very thoughtfully over the last year to fill the position of CEO/president. We developed a CEO leadership transition plan with Mitchell Stankovic & Associates to facilitate the process and ensure due diligence was given to this important selection,” said Board Chair Helen Mault. “We came together as an entire Board to determine our direction. It was a very thorough process and the candidates we interviewed were exceptional”.
Lo has more than 20 years of diversified credit union executive management experience. In addition to serving as CEO, she has also been an examiner with NCUA and the Department of Financial Institutions with the State of California.
‘An Exciting and Bright Future’
“North Jersey Federal Credit Union has a treasured, meaningful past with an exciting and bright future,” said Lo. “This is an important time for North Jersey Federal, and I look forward to building upon this rich foundation set by Lourdes and the board. Under my leadership we will continue to pursue our number one goal– serving our membership and their communities.”
In a statement, the credit union noting the retiring Cortez has been engaged throughout the industry, recently being named CEO of the Year by NAFCU earning a reputation for being committed to diversity, member service, collaboration and forward-thinking.
“We appreciate Lourdes and her support during this transition, as well as thank her for her dedicated service,” said Mault.