ALBANY, NY (06/16/2011)(readMedia)-- Mike Parsons, New Hartford resident and president/CEO of First Source Federal Credit Union, was named a 2011 Outstanding Professional by the Credit Union Association of New York at their 2011 Annual Meeting and Convention held recently in Lake Placid, N.Y.

Outstanding Professional honors are awarded to individuals whose life's passion is credit unions, as demonstrated by hard work, dedication and success. Parsons won the award in the credit union asset category of more than $250 million.

"Mike's contributions to First Source, the community it serves, and the credit union movement on the local, state and national level are exemplary and have distinguished him as an Outstanding Professional," said the Association's President/CEO William J. Mellin.

Parsons has spent more than 30 years in the financial services industry, including 18 years at First Source FCU and 12 years as the credit union's president and CEO. In 2010, he continued to support the credit union movement and advance First Source FCU's earned reputation as a good corporate citizen.

Parsons is an active credit union advocate, lobbying on Capitol Hill on behalf of both the state and national credit union movements. A respected credit union representative, he has shared reports on the condition of the credit union industry with the Federal Reserve Bank.

Parsons currently serves as vice chairman of both NAFCU (National Association of Federal Credit Unions) and NAFCU Services Corporation, as chairman of the Small Business Council and as a board member of the Mohawk Valley Chamber of Commerce, the Utica Industrial Development Corporation and the Oneida Herkimer Madison BOCES Foundation.

Parsons also volunteers with Citizens United for Research in Epilepsy and the American Heart Association. In 2010, he co-chaired the Munson Williams Proctor Arts Institute's annual fundraiser for Equitas to build fresh water wells in Africa.

The Credit Union Association of New York has served as the trade association for the state's credit unions for 94 years. New York credit unions have assets of more than $53 billion and serve 4.5 million members. To learn more about the Association, visit www.cuany.org.

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Posted Thursday June 16, 2011 at 02:28 pm by Credit Union Association of New York
Last Updated Thursday June 30, 2011 at 03:39 pm