Community Financial appoints new board chair

PLYMOUTH, Mich. – Community Financial Credit Union announced Teresa Folino as the new Board Chair during the March 2014 executive board meeting.

"I am proud to welcome such an experienced industry professional as Teresa to chair the Community Financial Board," President and CEO Bill Lawton said.

Folino has served Community Financial as a board member for 12 years. She is employed as a claims manager in the Medicare/Medicaid administrative unit for AAA Auto Club Group in Dearborn, Michigan.

“I am very honored that the board of directors has elected me to lead our board,” Folino said. “I look forward to working with the board and management to continue to grow the credit union and provide outstanding service to our members.”

Folino has served on the board for other organizations in metro Detroit including the Northville Community Parks & Recreation Department. She has also been appointed to numerous state and local boards and committees, political campaigns from presidential to local races and the United States Junior Chamber of Commerce. Folino resides in Northville, Michigan.

“I can’t wait to take the next step in my service to a credit union that cares so much for its members and communities,” she said.

Folino took the position of Board Chairman on March 20. She replaces Board Chairman, Ronald Carlson.

“I would like to extend a warm welcome to Teresa as she is appointed with this exciting and fulfilling opportunity,” Carlson said. “I am certain she will lead Community Financial to a new realm of member satisfaction and financial responsibility.”

About Community Financial Credit Union

Headquartered in Plymouth, Michigan, membership in Community Financial Credit Union is open to anyone who lives, works, worships, or attends school in 23 Michigan counties. With more than 50,000 members, Community Financial provides financial services to members at 10 branch locations and through a variety of automated and online services. For more complete membership information, visit www.cfcu.org or call (877) 937-2328.    

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