CREDIT UNIONS

GenFed names

new chief executive

GenFed Credit Union has a new leader. Mike Doran took over as CEO for Joyce Jones, who retired after more than 40 years with the credit union.

Doran was a volunteer with GenFed, including more than 10 years as an audit committee member and two years as the audit committee chair.

Doran spent 17 years working for GM Financial (previously AmeriCredit). As the regional sales manager and area general manager at GM Financial, he focused on strategic leadership, operations, growth and sales.

Doran graduated from Southern Illinois University in Carbondale with a bachelor's degree in finance. He lives in Medina with his wife and three children.

GenFed has its roots as the credit union for the former General Tire & Rubber Co. in Akron. The credit union has 24,000 account holders and branches in Ohio, Indiana and Illinois. Locally, GenFed can provide credit union services to anyone in Medina, Summit and Portage counties.

AUTOMOBILES

Ford under investigation

over emissions practices

Ford Motor Co. is under criminal investigation by the U.S. Justice Department over its emissions certification practices, the auto giant disclosed Friday in a regulatory filing.

The inquiry is focused on Ford's analytical modeling and resistance testing practices, the company said in its filing with the U.S. Securities and Exchange Commission. Ford said the investigation did not involve the use of defeat devices, the likes of which were used by Volkswagen to disguise emissions readings in millions of vehicles.

The German automaker paid nearly $15 billion to settle shareholder claims from the scandal and is now being sued by the SEC on charges of defrauding investors. In early April, European regulators accused Volkswagen, along with Daimler and BMW, of colluding to suppress emissions-fighting technology in violation of antitrust laws.

Fiat Chrysler, which used similar cheat devices in Jeep and Ram vehicles from 2014 to 2016, agreed to a $800 million penalty to resolve the case in January.

After employees raised concerns about the accuracy of emissions and gas mileage modeling methods in September 2018, Ford brought in an outside firm to review its emissions practices and hired an independent lab to conduct tests, the company announced in February.

Fred Martin employees

earn certifications

Two employees of Fred Martin Superstore in Barberton have attained master-level certification from an organization created to foster competency and enforce ethics among professionals responsible for in-store funding.

Mark Moore and Bob Bashoor received the master certification. Jim Mooney attained the senior level certification of the Association of Finance and Insurance Professionals.

Fred Martin Superstore employs 300 individuals at its 20-acre location on Barber Road.