The $7.6 billion Security Service Federal Credit Union in San Antonio said Tuesday that longtime CEO David Reynolds will retire on March 24, 2014.

He will be succeeded by Jim Laffoon, the 961,000-member credit union's current president, Security Service said in its announcement.

Reynolds was named president/CEO on May 14, 1997. After nine years with the NCUA, Reynolds joined Pentagon Federal Credit Union in 1983 and opened its first San Antonio office, Security Service said. He joined Security Service in March 1986 as senior vice president and in August of that year was promoted to executive vice president.

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