Atlantic Financial Federal Credit Union has announced the retirement of its President/CEO Rick Webb.
Webb has served as president/CEO just short of 20 years. Under his leadership, AFFCU has gained more than 150 select employer groups to AFFCU’s field of membership, including Dunbar, DLA Piper, and Transamerica. Since Webb took over in 1993, the credit union’s assets and membership has more than doubled.
“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,” said Webb.
With an emphasis on the importance of serving members, one of the initiatives Webb has supported includes shared branching, which allows members to use other credit unions to access their account. AFFCU was the first Baltimore-area credit union to be involved with this movement. AFFCU also participates in the CO-OP network, allowing members to use thousands of ATMs without imposed surcharges.
Webb originally joined the credit union (then known as Baltimore Telephone Federal Credit Union) as a member through his employment at C&P Telephone Company/Bell Atlantic. He then volunteered to serve on the supervisory committee. For 23 years, Webb was active on AFFCU’s board, chairing multiple committees and positions including board chairman before taking over as president/CEO.
Alantic Financial FCU, headquartered in Hunt Valley, Md., serves 11,000 members and has assets of more than $98 million.