ARLINGTON, Va.-NAFCU Services Corporation announced last week that David C. Frankil will serve as the new president of the organization beginning July 6.

"I am pleased to say that after an exhaustive search, we have identified a top-notch leader for NAFCU Services Corporation," NSC Chairman Brad Beal, president and CEO of Nevada Federal Credit Union, said. He added, "David brings a unique blend of business and nonprofit experience. He has 17 years of public policy experience at the federal level, including 10 years with two major trade associations and seven years managing issues for a Fortune 250 company."

Frankil most recently served as managing director for the Washington Region of Gates and Company, a management consulting and investment banking firm based in Wilmington, Del. Prior to that, he was the CEO and co-founder of Virtual Compliance, Inc., a software firm that he grew to a 30-person organization. Frankil earned a bachelor's degree in economics and political science from The George Washington University and an M.B.A. from The Wharton School at the University of Pennsylvania. NSC is NAFCU's for-profit arm, providing preferred partnerships to members with a number of the top vendors in the business.