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First Source FCU promotes exec to president

First Source Federal Credit Union Executive Vice President and COO Tom Neumann will become the president and COO of the New Hartford, N.Y.-based credit union, according to a press release posted on publicnow.com.

Current President and CEO Mike Parsons will keep the title of CEO. He will move into a long-term strategic planning role, effective Jan. 1, 2017. He will also serve as chief strategist, membership and community relations ambassador, and continue as the credit union's chief political advocate in Albany and Washington.