Dear member,

I am writing to let you know that Russell Cronin Jr., former president and chief executive of Adirondack Regional Federal Credit Union, is no longer part of our credit union team.

Basel Farhat will serve as CEO in his place.

For those of you who do not know Basel, he has served as our vice president of finance and has been here since May 2020. He is intimately familiar with all aspects of our organization. We are fortunate to have someone of his capacity available to take our helm, and I'm grateful to him for stepping in to do so on short notice.

As a credit union member, you're a vital part of our institution. fI you have any questions, please feel free to send me an email at information@adkcreditunion.com.

Sincerely,

Brian Dukett
Chairman of the Board of Directors