WASHINGTON -- Congressional Federal Credit Union President/CEO Robert A. Hess wrapped up his 38 years of leadership by retiring effective December 31, 2007.
During his tenure the credit union grew from 3,500 members and $1.6 million in assets to 42,000 members and just under $500 million in assets.
Congressional FCU Executive Vice President Charles A. Mallon Jr. has been named Hess' successor as the credit union's new president/CEO.
Mallon has been with the credit union for 18 years and holds a masters in business administration from George Mason University and a bachelors of science degree in finance from the University of Maryland. He currently serves as director on the Maryland and District of Columbia Credit Union Association board.
"I look back with pride on the growth over the years of Congressional FCU but also share our success with the staff who have made it possible," said Hess. "Being able to form strong relationships with our members and help them realize their financial goals has also been very gratifying. I will carry good memories with me of the work that we have done, but also know that the credit union is in very capable hands under the leadership of Charlie Mallon."
Hess championed the credit union philosophy of "people helping people" and found personal satisfaction through Congressional FCU's involvement with the Credit Union Cherry Blossom Ten Mile Run, benefiting Children's Hospital. For six years, the credit union has been a part of this highly successful, collaborative effort.
Hess has also been very active in the credit union industry, serving as NAFCU chairman and board member, Federal Reserve Consumer Advisory Council member, DC CU League chairman, and USERS chairman. He is also credited with being an influential force in bringing shared branching to the Washington, D.C./Baltimore area, as original founder of the Encore Branch Services Corporation and as a board member of the Encore Cooperative.
"After working with Bob for so many years I'm honored to have this opportunity. This credit union has enjoyed tremendous success and has a history of giving back to members and the community," said Mallon. "Bob has been our inspiration and we wish him all the best in his retirement. I look forward to working with our staff to continue the growth ad take on new challenges and opportunities in the future."
--mdigiovanni@cutimes.com
