VIENNA, Va. - In a move that few saw coming, Navy FCU CEO BrianMcDonnell announced he would be retiring at the end of the year.McDonnell, 60, served as CEO for the last nine years. He has beenwith the credit union for 35 years. "I'm not one of those peoplewho has to work until they're 85," he said at the time of theannouncement. McDonnell said he is interested in spending more timewith his family, which includes his wife Pat, three grown sons, andtwo grandsons. Any CEO of Navy FCU carries a big stick because ofthe sheer size of the credit union. McDonnell was no different andhe often said he held back on some issues and chose the mostimportant battles. He has been vocal on too many credit unionsadopting wide, expansive field of memberships that don't show acommon bond or have enough regulator involvement. "We have tocontinually put socially responsible services first and foremost.If we become too profit oriented we become nothing more than abank." He thinks both secondary capital and private insurance arepotentially dangerous for the industry as a whole. He has been amajor proponent of bankruptcy reform. Under McDonnell's lead, NavyFCU expanded into trust services, business services, insurance, anddeveloped an array of online services that have attracted more thanone million regular online banking users. Thirty-four year Navyveteran Cutler Dawson was selected as Navy's new CEO. See story onpage 1.