Solomon Chosen to be President and CEO of Primary Financial
4/26/2005
COLUMBUS, OH Primary Financial Company LLC, a credit
union service organization (CUSO) owned by twenty-nine corporate
credit unions and U.S. Central, has named Mark Solomon to
be its president and CEO effective May 2, 2005. Solomon was
selected by the Primary Financial board of directors after
an extensive candidate search.
Solomon is currently senior vice president and CFO for Corporate
One Federal Credit Union. In addition to his duties as CFO
at Corporate One, Solomon also served seven years as chief
financial officer, treasurer and board member for Primary
Financial when it was wholly owned and operated by Corporate
One, and as the managing agent after the CUSO was acquired
by Corporate Exchange, LLC in August of 2003. In addition
to his experience at Corporate One, Solomon spent two years
as a senior risk advisor for Bank One and 14 years as a senior
manager with Ernst & Young LLP.
Im excited to begin my new role at Primary Financial,
says Solomon. Primary Financial has served credit unions
well since its inception, and I am looking forward to enhancing
the organizations value proposition and positioning
it for further growth. My history with the organization will
enable me to quickly do just that, he added.
Primary Financial made the decision to hire a president and
CEO in December 2004, and began the search in February. Three
members of Primary Financials board of directors comprised
the selection committee: Kathy Garner, president/CEO of Northwest
Corporate Federal Credit Union; Bob Burrell, EVP and chief
investment officer, Western Corporate Federal Credit Union;
and Lew Lambert, president, Minnesota operations, Mid-States
Corporate Federal Credit Union.
The selection committee interviewed several excellent
candidates for this position, said Kathy Garner, but
none with the level of experience, knowledge and passion that
Mark brings to the table.
Were thrilled to have Mark as the new president
and CEO of Primary Financial, said Greg Moore, president/CEO
of Georgia Central Credit Union, and Primary Financials
chairman of the board. Mark brings a wealth of knowledge
and experience to this position and is the right person to
grow the CUSO, providing more value to credit unions. Mark
has done a tremendous job in his role with Primary Financial
in the past, and Im excited about the possibilities
ahead as he takes on this new role.
Mark has been an outstanding asset to Corporate One,
and the selection committee made the right decision in choosing
Mark, said Lee Butke, president/CEO of Corporate One
and board member for Primary Financial. Mark has the
experience and the vision to expand Primary Financial, enabling
it to serve even more credit unions, and return more value
back to its owners.
Primary Financial, with offices in Columbus, Ohio and Columbus,
Indiana, is a credit union service organization (CUSO) owned
by twenty-nine corporate credit unions and US Central. Primary
Financial has been in business since 1996 and currently serves
more than 2,600 credit unions throughout the United States
through the SimpliCD certificate placement service, with almost
$3 billion in credit union investments outstanding.
For more information, please contact Paul Hixon at 800/282-2560
ext. 9313 or Amy Fuller at 800/768-4228 ext. 361.
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