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Give Her Credit

Wake up, credit unions. Denise McGlone is ready to teach you a few lessons when it comes to investing in derivatives and managing risks

By Beth Karlin | Updated on December 28, 2007

Denise Boutross McGlone has managed impressively big portfolios and sophisticated treasuries in her three decades in finance, having formerly served as CFO of the Student Loan Marketing Association (Sallie Mae) and Gain Capital Group as well as the North American treasurer of Paris-based global telecommunications giant Alcatel-Lucent. So why did she agree in July to sign on with the Affinity Federal Credit Union with a mere $2.5 billion in assets under management? McGlone can’t resist a challenge.Using her position at Basking Ridge, N.J.-based Affinity, McGlone is aiming “to bring this sleepy industry into the 21st century” through a higher level of risk management and automation.” Given her extensive background in capital and risk management, if anyone can overcome industry inertia, it’s probably McGlone.

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