CEO of The Summit FCU Appointed to NY CU Foundation Board

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Vadala-The Summit FCU

ALBANY, NY (07/21/2009)(readMedia)-- Michael Vadala, president and CEO of The Summit Federal Credit Union based in Rochester, NY with branches in Buffalo, East Amherst. Hilton, Penfield, and Seneca Falls, was appointed a trustee of the New York Credit Union Foundation, effective immediately.

"On behalf of the Board of Trustees, we look forward to working with Mike Vadala," said Diane LaVigna-Wixted, executive director of the Foundation. "We know he will bring a wealth of expertise, vision and experience that will serve to further strengthen our Board."

Vadala has been with The Summit for 24 years and has served as president and chief executive officer for the past 14 years.

Founded in 1941, The Summit FCU has over $425 million in assets, more than 56,000 members (as of 12/31/08), nine branches and two member company satellite offices.

The New York Credit Union Foundation serves credit unions, schools and community organizations that help improve the financial literacy and independence of New Yorkers and promote the credit union difference. For more information about the Foundation, visit www.nycuf.org.

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