JACKSONVILLE, Fla. – The CEO and the CFO at 121 Financial Credit Union here have been let go. The reason: the credit union has decided to go in a “different direction,” according to a statement provided News4Jax.
CEO Bruce Farard and CFO Jane Scofield are no longer with the $547-million credit union, which operated as Florida Telco until changing its name in 2010. The new name is meant to represent “one-to-one.”
According to the credit union’s website, David F. Marovich has been named interim CEO and Paul B. Blackstone has been named interim COO.
Adam Wade, the vice president of marketing for the credit union, told News4Jax the changes were made by the board and have been under consideration for quite some time.
"You're going to get to know 121 Financial much more than you know us now, because I think we're going to be a much bigger name and institution in the local community in the next year or two," Wade said.