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First Source Appoints New Board Chair

First Source Appoints New Board Chair

New Hartford, NY- First Source is pleased to announce the appointment of Raymond L. Philo, MA as the Chairman of the Board of Directors for First Source Federal Credit Union. Ray has been a Volunteer since 2013, and a Board Member since 2020. He will be succeeding Robet Jubenville, Ph.D. who will continue to hold a board member position.

“I have thoroughly enjoyed serving on the First Source Board since my start over a decade ago,” said Raymond Philo, Utica University Professor of Practice, Criminal Justice, and incoming First Source Board Chairman. “The Board of Directors supports the organization and champions exemplary service to our Members and the Communities we serve. I am honored that my fellow Board Members feel I am ready to take the next step as a leader in this role.”

“I have had the pleasure of serving on the First Source Board since 2003, holding various positions including Board Chairman for 10 years,” said Robert Jubenville, Ph.D., retired Mohawk Valley Community College Dean Emeritus of Life and Health Sciences, and recent Board Chairman. I look forward to continuing my service with the Credit Union as a Board Member, under Ray’s leadership.”

“The First Source Leadership Team is proud of the longevity and commitment our Board Members give to our organization, membership and the community,” said Tom Neumann, First Source President/CEO. “It’s important to have a good balance of fresh perspectives and long-term knowledge and we are so fortunate to have a strong Board that brings both. They are a remarkable group of dedicated and passionate volunteers and we appreciate their service.”

For more information, please contact Katie Ullman, at or 315-735-8571.

About First Source:

First Source Federal Credit Union is a full-service financial institution, with savings and loan solutions, serving Members and our community since 1938. Originally founded as Utica Teachers Federal Credit Union, the name changed to First Source in 1992 to better reflect our broad and diverse membership. First Source provides financial solutions with a personal approach to each Member, building meaningful relationships in order to help Members afford each stage of their life.

First Source strives to help Members make smart financial decisions and help our community grow and thrive. We serve over 60,000 Members with current branches in New Hartford, Washington Mills, South Utica, North Utica, Herkimer, and Rome; a Member Care Center, and Online & Mobile banking. Our Members have access to First Source Interactive ATMs as well as over 30,000 nationwide surcharge-free ATMs. Connect with First Source and learn more at, through Instagram, LinkedIn, Facebook, or Twitter.

Additional Info

Media Contact : Katie Ullman

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