PenFed Selects Schenck to Replace Retiring Pollack
The $16.9 billion Pentagon Federal Credit Union in Alexandria, Va., said James Schenck will succeed Frank Pollack as president/CEO of the 1.3 million-member institution on April 1.
Pollack joined PenFed, now the nation’s third-largest credit union, in 1978 and became president/CEO in 2001. PenFed grew from $3.2 billion at the time to its current size while at the same time reducing its operating expense ratio by more than 47%, PenFed said.
“Pollack was known as a consistent champion of PenFed members and American consumers. He coined PenFed’s longstanding marketing slogan, ‘If you can find a better deal, take it!’ and transformed PenFed with his unwavering focus on creating operational efficiencies to provide the absolute best price to its members,” the credit union said in its announcement Monday.
Schenck, a former Army aviation officer, West Point instructor and special assistant to the secretary of the Army, has been on PenFed’s executive leadership team since 2001 and its EVP since 2011.
In other news about credit union people this week:
The $194 million Holy Rosary Credit Union in Rochester, N.H., hired Kimberly Lindquist as business development officer. She had spent the past 11 years at Federal Savings Bank in Dover, N.H., most recently as a retail loan officer.
The $516 million Gulf Winds Federal Credit Union in Pensacola, Fla., named Johan Boelig as its new vice president of sales. Boelig worked for SunTrust Bank for more than seven years and most recently was the city president in Pensacola. He has more than 15 years of experience in retail banking.
The $1.6 billion United Federal Credit Union in St. Joseph, Mich., hired Michael Vandall as mortgage loan underwriting manager. He has 15 years of experience, most recently as underwriting manager with First Ohio Home Finance Company of Columbus. UFCU also promoted Zach Book to manager of its branch in Berrien Springs, Mich. He had been member service adviser and assistant branch manager at UFCU’s Niles, Mich., locations
The $252 million Partners 1st Federal Credit Union in Fort Wayne, Ind., hired Joe Jentgen as its new vice president of marketing. He succeeds the retiring Cindy Emmerich.
The $293 million Neighbors Credit Union in St. Louis said Bridgett Elliott has marked 35 years of employment. She began as a teller in 1979 and now is managing her fourth branch, the Jennings location.
The $7.7 billion Security Service Federal Credit Union in San Antonio promoted Michael Manley to assistant vice president of mortgage operations. He joined SSFCU in 1992 and previously was assistant vice president of mortgage services. SSFCU also hired Aaron Sluzevich as assistant vice president of mortgage originations. He has 13 years’ experience in mortgage lending, most recently as mortgage originations supervisor at VyStar Credit Union in Florida.
The $73 million USAgencies Credit Union in Portland, Ore., hired Grace Cooper to head up the lending department and Kasey Rockwell to manage business development efforts. Cooper has 10 years of credit union and bank experience, including the past two years at NW Preferred Credit Union. Rockwell has more than 25 years of experience and is the former director of outreach programs for the Northwest Credit Union Association.
The Filene Research Institute in Madison ,Wis., elected three new members to its administrative board of directors: Tracie Kenyon, president/CEO of the Montana Credit Union Network; Maurice Smith, president/CEO at the $1.3 billion Local Government Federal Credit Union in Raleigh, N.C.; and Bob Trunzo, president/CEO at CUNA Mutual Group in Madison. The board also elected Smith as its new vice chair. Paul Kundert, CEO at the $1.7 billion University of Wisconsin Credit Union in Madison, continued as board chair. Kenyon, Smith and Trunzo replace outgoing board members Patsy Van Ouwerkerk, president/CEO at the $2.1 billion Travis Credit Union in Vacaville, Calif., Brett Thompson, president/CEO at the Wisconsin Credit Union League, and Jeff Post, former president/CEO at CUNA Mutual Group. Meanwhile, Steve Suleski, SVP and chief governance officer of CUNA Mutual, replaced outgoing advisory member Randy Kohout, vice president, organizational capability, at CUNA Mutual.
The CUNA Marketing and Business Development Council announced its executive committee and officers during its 21st annual conference March 12-15 in Orlando, Fla. Michelle Hunter, SVP of marketing and development for the $711 million Credit Union of Southern California in Brea, Calif., remained council chair. Kathryn Davis, senior vice president of marketing and human resources for the $807 million Xceed Financial Credit Union in El Segundo, Calif., will remain vice chair and Andy Reed, manager of business development for the $5.6 billion American Airlines FCU in Fort Worth, Texas will be second vice chair. Newly elected to the executive committee was Brian Grytdal, vice president of marketing for the $584 million Horizon Credit Union in Spokane, Wash.
Four new managers were named at myCUmortgage in Fairborn, Ohio. Susan Mears was as mortgage compliance manager and comes from Navy Federal Credit Union with more than 30 years of mortgage experience. Brian Murray was hired as technology manager and has more than 16 years of experience, mostly recently with Fifth Third Bank. Kim Fourman was hired as secondary market manager. She has more than 35 years of mortgage experience, most recently with PNC Mortgage. Kory Young was promoted from accountant to accounting manager and has been with the CUSO for three years.