Corporate America Credit Union CEO Thomas Bonds has taken personal leave from his duties at the $4billion credit union.
|Bonds requested and was granted the leave by the credit union'sboard of directors, according to a release by the Birmingham-areainstitution.
|Bonds told Credit Union Times he could not comment onthe action, other than to confirm the accuracy of CorporateAmerica's release. Bonds was awarded the Credit UnionTimes' Trailblazer CEO of the Year award in 2011.
|The board unanimously appointed Daniel J. Buckley as acting CEO while Bonds is on leave.Buckley is the credit union's senior vice president of riskmanagement. Buckley came to Corporate America in September 2010following a 25-year career at the NCUA.
|“We want to assure our member credit unions that CorporateAmerica is financially sound and remains one of the few corporatecredit unions not mandating capital contributions from itsmembers,” Buckley said. “It's business as usual while Mr. Bonds ison leave.”
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