Valley Federal Credit Union of Billings, Mont., has announced the selection of Michael Silvers as the credit union's next president/CEO, effective Jan. 23. 

Silvers succeeds retiring CEO C.H. Steele, who has provided executive leadership for the past 26 years.

"After a national search, my fellow directors and I are very pleased to announce that Michael is joining our organization," stated Chuck Sommers, chairperson of the board.

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