New CEO Announced

CONTACT
Sidney Henderson
Chocolate Bayou Community FCU
(281) 331-2253
Sidney.Henderson@CBCFCU.coop

FOR IMMEDIATE RELEASE: May 26, 2016

Chocolate Bayou Community Federal Credit Union Announces Selection of New CEO

Alvin, TX – Gary Angeles has been named as Chocolate Bayou Community Federal Credit Union’s new president/CEO effective Friday, July 1, 2016. Angeles is replacing long-time CEO Gary Davis, who is retiring after over 25 years at the credit union. The executive search was conducted by Credit Union Resources for the $110 million dollar credit union.

Previously the COO at Pima Federal Credit Union in Tucson, Arizona, Angeles was a member of the executive team responsible for leading the direction of the credit union including the IT Department, Payment Services Department, call center, and all credit union facilities.

During his leadership, Pima’s asset size grew 35% over five years while maintaining a healthy capital ratio of 10.41%. As project manager, Angeles led the Pima team through a successful core banking conversion which included the credit union’s core platform as well as changes to Internet banking, mobile banking, bill pay, eStatements, and optical storage systems.

With nearly 28 years of operations experience within the financial services industry, Angeles will help Chocolate Bayou Community continue its mission to improve the lives of its membership through exceptional service. Angeles is recognized in the industry for his strong leadership skills and the ability to motivate all levels of an organization.

Angeles is currently attending the CUES CEO School, and has certification from CUNA as a Credit Union Compliance Expert.  Angeles also holds certificates from Payments Resource One for ACH and Fraud/Risk Management.

About Chocolate Bayou Community Federal Credit Union
Established in 1962, Chocolate Bayou Community Federal Credit Union is the original credit union of Brazoria County. With assets over $100 million and over 13,000 members, Chocolate Bayou is a cooperative, not-for-profit organization providing low cost financial services for anyone who lives, works, or worships in Brazoria County. Chocolate Bayou has office locations in Alvin and Pearland, as well as both Alvin and Manvel High Schools. Further information is available at ChocolateBayou.org.

####