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-areacredit union.
|Webb held the 11,000-member AFFCU's top job for the past 19years 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 theMaryland & DC Credit Union Association, and under hismanagement the credit union executed six mergers, built a new headquarters and added more than 150SEGs, including Transamerica Life.
|“The credit union exists only to serve its members, whoare also the owners of a credit union. I hope that I have servedevery member, whether directly or through my actions, as well as anowner would expect,” Webb said in the credit union's announcementof his retirement.
|AFFCU's Board of Directors and its search committee are nowseeking a new CEO. AFFCU has offices in Hunt Valley and Baltimore'sInner Harbor.
|Webb originally joined what then was Baltimore Telephone FederalCredit Union as a member through his employment at C&PTelephone Co./Bell Atlantic.
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