SUITLAND, Md. -- The $801 million Andrews Federal Credit Union has named Chris McDonald its new president/CEO effective May 12.
McDonald succeeds Michael Hale, who resigned on Dec. 19, 2007 after 12 years of service.
McDonald has been at the helm of $214 million MobilOil FCU for the past eight years, serving as its president/CEO. He has served in the financial industry since 1984, according to Andrews FCU.
"The board and I have every confidence that the depth of experience Mr. McDonald has in the financial industry and his extraordinary strategic, operational and team building leadership make him the right person to take Andrews Federal to the next level," said Ruby DeMesme, chairperson of Andrews FCU.
Deborah Matz, chief operating officer, had been serving as interim CEO. Matz previously served on the NCUA Board before being hired by the credit union in April 2006.