HERNDON, Va. — Juri Valdov, the longtime president/CEO of Northwest Federal Credit Union, will step down on Dec. 31 to become the senior vice president for external affairs at the $1.5 billion financial institution.

NWFCU's board of directors announced today that Gerrianne “Winky” Burks will succeed Valdov effective Jan. 1, 2008.

The change is part of a planned succession strategy to provide a smooth transition and continuity of service to NWFCU's 90,000 members, the credit union said.

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