Jim Hayes Loses Interim From CEO Title at Andrews FCU
The $983 million Andrews FCU announced Wednesday it has named interim CEO Jim Hayes to the permanent post.
Hayes, who joined the Suitland, Md.-based credit union in 2010 after serving as the senior vice president/chief financial offer for Western Corporate FCU, was named interim CEO at Andrews last September.
“With his extensive experience and proven dedication to Andrews Federal Credit Union, Jim will be a strong leader as the credit union continues to grow and reach out to more members within the communities we serve,” said the 104,000-member credit union’s chairman, Gen. Frank Cardile.
In a release, Andrews FCU said the news follows one of its best-performing years in 2012, adding nearly 7,000 new members and more than doubling its loan portfolio.
“I appreciate the confidence the Board of Directors has given me to lead the credit union,” Hayes said. “I believe that with our talented and committed staff, Andrews Federal Credit Union is on a strong strategic path to increase member value. We’ll continue to enhance services and expand product lines to serve the growing needs of our global membership.”
While at WesCorp, Hayes was promoted to the CFO position in April 2008 after serving five years as the failed corporate’s senior vice president of business development and marketing. He came to WesCorp from the NCUA in 2003, having worked for the regulator as a capital markets specialist. He had also worked as an examiner for the Office of Thrift Supervision.
Former CEO Chris McDonald departed Andrews in September 2012 to take the top job at the $2.2 billion Northwest FCU in Herndon, Va.