Michael Parsons, president/CEO of the $330 million First SourceFederal Credit Union in New Hartford, N.Y., has been elected NAFCUchair.

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Parsons' one-year term begins at the end of the trade group'sannual business meeting on Tuesday in Nashville, Tenn.

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Parsons has been vice chair of NAFCU and NAFCU Services Corp.and has served on the Executive Committee and legislative,corporate, audit and Region 1 advisory committees, NAFCU said.

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Vice chair for 2012-2013 is Ed Templeton, president/CEO of the $629 million SRP FCU inNorth Augusta, S.C., while treasurer is Richard Harris, president/CEO of the $1.2 billion CalTechEmployees FCU of La Canada, Calif., and secretary is Jeanne Kucey, president/CEO of the $134 million JetStream FCUof Miami Lakes, Fla.

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NAFCU said its former chair, Michael Lussier, will continue as a director-at-large until hiscurrent term expires in 2014. Lussier is president/CEO of the $638million Webster First FCU in Worcester, Mass.

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The annual meeting was held at the trade group's 45thannualconference and exhibition under way this week at the GaylordOpryland and Resort and Convention Center. The conference endsSaturday.

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