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Kristin P. VanBeek will become president/CEO of Rockland Federal Credit Union in Rockland, Mass., in May, and on April 1, Mark Rabinowitz was elected president/CEO by the board of directors of Northrop-Grumman Federal Credit Union in Gardena, Calif.
VanBeek will succeed current President/CEO Thomas C. White, who announced his retirement last October.
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VanBeek currently serves as president/CEO of USALLIANCE Federal Credit Union in Rye, N.Y., which announced Monday it will begin the search for a new leader.
In a prepared statement, USALLIANCE said VanBeek will be leaving the credit union with "vast opportunities for the future, a strong capital ratio, improved asset quality, industry-leading technology, upgraded information security and a positive servant leadership-oriented culture."
During his tenure that began in 2012, the credit union's assets increased from $834 million to its current assets of $2.7 billion, while loans grew from $556 million to $2.3 billion and membership expanded from 53,405 to more than 146,000, according to NCUA Call Reports.
"VanBeek and USALLIANCE have bittersweet sentiments about parting but want to celebrate all our successes of the last decade and are excited for the next chapter of both organizations," the credit union said.
Mark Rabinowitz Rabinowitz succeeded Matthew Herbert, who stepped down on March 31 from NGFCU's top post, which he held since April 2016.
"Matthew has devotedly served NGFCU and its members for 42 years, and the board is grateful for the remarkable growth and progress the credit union made under Matthew's leadership," NGFCU Board Chair Heather Crofford said in a prepared statement. "He leaves a credit union that is thriving, profitable and in excellent standing, and we look forward to building on this progress with Mark as our next president and CEO. We sincerely thank Matt for his contributions to our success and are excited for Mark's leadership in the future."
During Herbert's tenure, the credit union increased assets from $1 billion to $1.5 billion, while loans grew from $480 million to $795 million and membership expanded from 49,612 to more than 70,000, according to NCUA Call reports.
Rabinowitz is a seasoned executive leader. Before joining NGFCU, he served in executive roles for Northrop Grumman Corp., and retired as corporate vice president and treasurer in 2011 following 30 years of service.
Rabinowitz became a NGFCU board member in 2007 and was named board chair in 2015.
More than a year later, he became EVP and chief administrative officer, where he oversaw nearly all aspects of the credit union's operations.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
