President & CEO
People’s Alliance Federal Credit Union (PAFCU)
Carol A. Allen is People’s Alliance Federal Credit Union’s (PAFCU’s) President/CEO. Ms. Allen has over 30 years progressive experience with PAFCU and held titles of Accounting Manager, Vice President of Finance, Chief Financial Officer, and Executive Vice President/COO. Ms. Allen has handled the financial consolidations resulting from mergers, interfaces with the regulatory examiners and works closely with the executive staff on product development. With over $330 million in total assets, People’s Alliance offers financial services to the employees of over 400 companies and several select geographical areas.
In 2004, Carol was honored as one of Long Island Business News’ Top 40 Under 40, a tribute to Long Island’s best and brightest business people, and in 2014 was recognized as an Outstanding CEO by Long Island Business News, celebrating Long Island’s top executives and signature firms and organizations. She currently serves on the Board of Directors for the Hauppauge Industrial Association- LI serving as First Vice Chairperson, formerly serving as Treasurer and Secretary. She is currently on the Northport High School Academy of Finance Advisory Board, serves as the Northport Yacht Club Financial Secretary, serves on the board of trustees for the New York Credit Union Foundation, and serves on the Community Depository Institutions Advisory Council for the Federal Reserve Bank of New York. She also volunteers with Pal-O-Mine Equestrian.
She previously served on the credit union advisory board for Enterprise Car Sales.
Carol earned a bachelor’s degree in accounting from Hofstra University and a master’s degree in finance from Adelphi University.