SOURCE: Palisades Federal Credit Union

Palisades Federal Credit Union

February 06, 2014 15:50 ET

Palisades Federal Credit Union Names Paula Murray as President and CEO

PEARL RIVER, NY--(Marketwired - Feb 6, 2014) - The Board of Directors of Palisades Federal Credit Union is pleased to announce that Paula Murray has recently been selected as President and Chief Executive Officer.

Chairman of the Board, Greg Whalen said, "Paula's knowledge, talent and experience were the deciding factors in choosing her to lead our credit union. Her dedication to the membership, the employees and the credit union movement ensures a bright future. The Board of Directors and I are looking forward to a positive year of growth, for both the employees and the members."

Paula Murray has had a long and notable career with the credit union starting in 1989, having most recently served as the Chief Financial Officer for the past 18 years. Ms. Murray holds a Bachelors in Finance from Ramapo College and is a graduate of CUNA Management School. Paula Murray's extensive management experience at Palisades FCU has given her a firm understanding of the organization's strengths as well as opportunities that she will be able to leverage for the benefit of the credit union membership.

Greg Whalen added, "Paula Murray succeeds former CEO, Mark Welshoff who retired in October of 2013. Mark Welshoff provided dedication and leadership to the credit union for more than thirty years and the Board wishes him much success as he pursues new endeavors."

"I look forward to growing the credit union and providing exceptional service to our membership," Ms. Murray said. She added, "I see tremendous opportunity for managed growth in our area and have every confidence that Palisades Federal Credit Union will continue as the leading credit union in Rockland County."

About Palisades Federal Credit Union

Headquartered in Pearl River, NY, Palisades Federal Credit Union (, with more than $150 Million in assets, is the largest Rockland County based Credit Union. Palisades Federal Credit Union operates 3 branches and provides full service banking products and surcharge-free access to over 55,000 ATMs nationwide. Credit Union membership is open to anyone who lives, works, studies, or worships in Rockland County, NY. 

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