San Antonio Federal Credit Union Chief Operating Officer StephenS. Hennigan has been named president of the more than $2.9 billioncredit union.

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Jeffrey H. Farver, former president, will continue to serve asCEO until his retirement, slated for Jan. 2, 2012.

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Hennigan, who began his career at SACU in 1993, has beencredited with being integral in helping create the CUSO CreditUnion Factory Built Lending, which is now a division of SACU andprovides financing options for credit union members choosingmanufactured housing as an alternative to traditional site-builthomes.

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Named NAFCU's Credit Union Professional of the Year in 2008,Hennigan has a BBA in finance and accounting from St. Mary'sUniversity in San Antonio and is a licensed Certified PublicAccountant.

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