Rick Webb has announced his retirement as president/CEO of the $98 million Atlantic Financial Federal Credit Union in Hunt Valley, Md., ending a career of more than 40 years with the Baltimore-area credit union.
Webb held the 11,000-member AFFCU’s top job for the past 19 years and prior to that had served for 23 years as a volunteer, including as board chair, when he was named CEO in 1993.
Webb has been active in industry affairs, including with the Maryland & DC Credit Union Association, and under his management the credit union executed six mergers, built a new headquarters and added more than 150 SEGs, including Transamerica Life.
“The credit union exists only to serve its members, who are also the owners of a credit union. I hope that I have served every member, whether directly or through my actions, as well as an owner would expect,” Webb said in the credit union’s announcement of his retirement.
AFFCU’s Board of Directors and its search committee are now seeking a new CEO. AFFCU has offices in Hunt Valley and Baltimore’s Inner Harbor.
Webb originally joined what then was Baltimore Telephone Federal Credit Union as a member through his employment at C&P Telephone Co./Bell Atlantic.