Plexcity has appointed Larry Palochik to its board of directors to help drive the shared services, back-office experience for professional associations and the credit union system. Palochik is executive vice president and executive director of Fuel Solutions, the nonprofit organization supporting California’s Credit Unions, Nevada’s Credit Unions, and Utah’s Credit Unions.
Bringing a depth of executive leadership and insight from more than 25 years of experience in the credit union industry, Palochik will contribute his perspective and guidance on the evolving needs of the broader credit union associations and system partners that Plexcity serves.
“It’s an honor to join Plexcity’s Board of Directors,” Palochik said. “As a longtime client, our credit union leagues have seen the value that this shared-services model delivers to the credit union system. I look forward to contributing to an organization that leads in back-office excellence.”
Built on cooperative principles, Plexcity aggregates back-office operations to help clients reduce costs and focus on their core mission. Plexcity has stayed true to its original founding mission: to proactively empower clients by leading in accounting and finance, human resources and payroll, and information technology (IT) solutions.
Since its launch, Plexcity has more than tripled its size, growing from servicing three founding associations to serving dozens of organizations. The company was founded in 2015 in the spirit of collaboration by California’s Credit Unions and Nevada’s Credit Unions, the Maryland and DC Credit Union Association, and the New Jersey Credit Union Association.
Palochik has supported Plexcity’s vision from the beginning, with a career demonstrating leadership across the credit union movement. During his leadership tenure at the California and Nevada Leagues and Fuel Solutions, he has led teams responsible for providing research and compliance, education and professional development, community impact, communications and marketing, and credit union solutions for more than 200 credit unions across both states. He has also held executive leadership positions at Alta Vista Credit Union (CEO), South Bay Credit Union (CEO), and Community One Federal Credit Union (COO).
