NEW YORK CITY - Municipal Credit Union has announced that James Durrah has assumed the position of Chair of the Board of Directors. Durrah, who has served on MCU's Board of Directors since 2010 and most recently served as First Vice Chair, replaces former Board Chair Honorable Sylvia G. Ash, who tendered her resignation as Board Chair and member of MCU's Board.
“Municipal Credit Union, along with its leadership and staff, thank Justice Ash for the time, leadership, and commitment she has given the credit union during her eight years on its Board,” said MCU President/CEO Kam Wong. “Although we are sad to see Justice Ash leave our Board, we are confident that our Board of Directors will continue to carry out its mission of leading our institution for the benefit of our members under the direction of new Chair James Durrah.”
In addition to Durrah assuming the position of Board Chair, C. Richard Wagner was elevated to the position of First Vice Chair and Loretta Y. Jones was elevated to the position of Second Vice Chair. These changes in positions follow the rules outlined in MCU’s bylaws regarding Board vacancies. MCU is also moving forward in filling the vacant Board seat, per its bylaws.