NEW HARTFORD — A woman who served on the board of directors at First Source Federal Credit Union (FCU) between 2011 and 2016 has been appointed as the organization’s first CFO. 

Pamela Goodison-Bick has also been a member of the New Hartford–based credit union for more than 20 years, First Source said in a news release.

Goodison-Bick started in her new role on Jan. 2, Katie Ullman, marketing manager at First Source Credit Union said in an email response to a CNYBJ inquiry.

First Source previously had a VP of finance position, but the individual who held that position, Tricia Kocyba departed First Source last summer for a job at another credit union.

In her role as CFO, Goodison-Bick oversees all accounting and finance activities as well as risk management, First Source said. She is also responsible for budget preparation, financial analysis, vendor-contract negotiation, and maintenance of the internal-control environment. 

“After extensive search to fill this position, we are confident that we have found the perfect candidate,” Tom Neumann, president and CEO of First Source FCU, contended in a news release. “Pamela has the right knowledge and credentials for the job, but more importantly fits well within our culture. She understands and lives our mission, putting our members and community first.”

Before her appointment as the First Source CFO, Goodison-Bick most recently served as the director of accounting/controller for PAR Government Systems Corporation in Rome, a wholly owned subsidiary of New Hartford–based PAR Technology Corporation (NYSE: PAR). In that role, she was responsible for all accounting and finance activities, including financial statement consolidation and reporting, financial analysis, compliance, and oversight/coordination of audits. 

Goodison-Bick also previously held positions with North Point Defense, Inc. in Rome; Fairfax, Virginia–based Kforce Government Solutions; and New York City–based BNY Mellon (NYSE: BK), where she served in roles that involved administration and operations, consulting, and internal auditing. 

Goodison-Bick began her career with KPMG, working in both the audit and advisory practices, per the First Source news release.

Goodison-Bick earned a bachelor’s degree in accounting from Ithaca College and her MBA degree in economic crime and fraud management from Utica College. She is also a certified fraud examiner, First Source said.

In operation since 1938, First Source Federal Credit Union serves more than 48,000 members with branches in New Hartford, South Utica, North Utica, Herkimer, and Rome.

Credit-union membership growth in New York state accelerated in 2018, according to a new report.

Memberships at New York credit unions increased by 5.8 percent to 5.87 million in the year ending Sept. 30, 2018. That’s up from 3.3 percent membership growth in 2017, according to the “Third Quarter 2018 New York Credit Union Profile” report issued in early January by the New York Credit Union Association (NYCUA), in conjunction with CUNA (Credit Union National Association).

The report, which provides up-to-date analysis of key statistics and trends that impact credit-union performance, found that New York credit unions continued to post “solid loan and membership growth in the third quarter of 2018,” according to a release on the NYCUA website.

Other highlights from the report include the following statistics.

• Loan growth: New York credit union total loan growth increased by 3.3 percent in the third quarter of 2018, above the 2.4 percent growth recorded in the third quarter of 2017, and also higher than the 2.6 percent national growth rate.

• First mortgages: First mortgages at New York credit unions grew by 4 percent in the third quarter, surpassing the national average of 2.3 percent.

• HELOCs/second mortgages: New York credit unions saw HELOCs/second mortgages grow by 1.4 percent in the third quarter, topping the 1.1 percent recorded in the same period in 2017.

• Credit-card loan growth: Credit-card loans increased by 2.8 percent in the third quarter, higher than the 2.5 percent growth in the year-ago period. The 2.8 percent increase for New York credit unions also was better than the 2.5 percent national growth.

• New auto loans: New York credit unions’ total new auto loans increased by 4.2 percent, above the national growth rate of 3.6 percent.

• Used auto loans: Used auto loans made by New York credit unions also increased at a 3.7 percent clip in the year ending Sept. 30, 2018, outpacing the national increase of 2.3 percent.

• IRAs: New York credit unions reported that IRAs grew by 4.5 percent in the third quarter, easily surpassing the national growth rate of 0.5 percent.

NYCUA is the Albany–based trade association for New York credit unions.