Alamo Federal Credit Union Announces Organizational Restructuring
Board of Directors create Executive Committee, appoint Continewity, LLC to lead implementation of member-focused operations

SAN ANTONIO, TX, August 03, 2011 /24-7PressRelease/ -- Alamo Federal Credit Union (AFCU) announced Monday that it is undertaking a comprehensive series of operational initiatives to restructure in order to enhance sustainability, profitability and member service levels. The changes are starting at the top as AFCU has recently parted ways with its CEO over the past decade, Alfred Carreon, Jr. The credit union is close to completing an international executive search to find Mr. Carreon's replacement. In the absence of a CEO, the Board of Directors has formed a four-member Executive Committee designated to direct and oversee daily operations. They have also engaged Continewity LLC, a consulting firm headquartered in Dallas, to help lead them through this major organizational turnaround and restore profitability.

The restructuring will impact AFCU's workforce and possibly the location of its five branches, which are currently located on the West, South and Northeast sides of town along with downtown and a Lanier High School facility. AFCU is also making major technology investments to reach more members who turn to internet and mobile banking more often than visiting a branch location. John Searson, AFCU Treasurer, notes "our objective is to be available whenever and wherever our members need us."

While national headlines persistently reveal that Americans are reluctant to borrow, AFCU's Board of Directors believes that it has both the capital and the right balance of products and services to meet the diverse lending needs of both business and individual members. Chairman of the Board of Directors, Retired Army Sergeant Major Robert D. Sanchez says, "although our membership base has been loyal over the years, as we have evolved from a postal credit union towards a mission of serving the "under-served" we have to get much better at providing for their lending needs today and tomorrow. With or without the recent recession, the Board of Directors realizes the importance of building an organization that is consistent with our members-first values."

Press Release Contact Information:

Ahmad Abdul-Qadir
Continewity LLC
Managing Director
1700 Commerce St, Ste 850
Dallas, TX
United States 75201
Voice: 972-514-6316
Fax: 214-203-0707
Website: Visit Our Website