The National Association of Credit Unions has picked Jack Antonini, former president/CEO of Cardtronics, the large Houston ATM vendor, as its new president/CEO.
Antonini succeeds Tom Davis, who announced his resignation in August to become head of CUSO Development Co. LLC.
"Jack's tremendous leadership experience in financial services will help NACUSO fulfill its mission of being a catalyst for harnessing collaboration for growth" said a statement by Pete Snyder, NACUSO chairman.
Prior to his stint as head of Cardtronics, Antonini, with 30 years in financial services, was president/CEO of USAA Federal Savings Bank of San Antonio, which has long been active in serving the U.S. military. Antonini led that organization "'to earn such distinctions as 'Best Bank in America' and best in customer service," said Snyder.
Snyder added that Antonini is credited with growing Cardtronics from 8,000 machines and $6 million in revenue to 33,000 units and $110 million in revenue. Antonini left Cardtronics in mid-2009.
In selecting a CU outsider as CEO, Mark Zook, chair of the NACUSO's CEO succession committee and president/CEO of MAPS CU, noted that the CU business model "and traditional credit union thinking will not sustain the industry. Our problems cannot be solved if we only look inwardly. We must look to successful solutions and ideas from outside and adopt them to effect meaningful change."
The outgoing CEO, Davis, echoing Zook said Antonini "will be a game changer, bringing a robust financial services background to the table along with proven concepts that have propelled USAA to market dominance."