SUITLAND, Md. — Releasing very few details, Andrews Federal Credit Union confirmed this morning that Michael Hale is no longer the president/CEO effective Dec. 20.
“It is in fact true,” said a spokeswoman with Andrews FCU. “I'm not allowed to release any further details on his leaving.”
The spokeswoman did confirm that Deborah Matz, chief operating officer at Andrews FCU, has been named the interim CEO “for the time being.” Matz previously served on NCUA's board before being hired by the credit union in April 2006.
Hale has been at the helm of $808 million Andrews FCU since 1996. He has served on numerous boards including CUES, Filene Research Institute and in May 2007 was named vice chairman of PSCU Financial Services. In August 2007, Hale announced that he would no longer serve on the African-American Credit Union Coalition's board after helping to form the organization in 1999.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
