Andrew C. Grimm will become the new president/CEO of theApple Federal Credit Union in Fairfax, Va. on July 1, the board ofdirectors said in a prepared statement Tuesday.
He will succeed current President/CEO Larry Kelly who retires atthe end of this month.
|When Kelly became CEO in 1995, Apple FCU managed $230 million in assets and served 41,000members. Since then, the credit union has grown to $2.3 billion inassets and nearly 190,000 in members under Kelly's leadership.
|Kelly hired Grimm in 1995 as the credit union's first strategicplanning manager.
|In 1999, he was promoted to vice president of finance and in2004 was named chief operating officer. Grimm oversaw strategicinitiatives such the expansion of the credit union's branchnetwork, technology projects and mergers.
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