Commitment to serving its members, local communities remains guiding principle
Herndon, VA – Both new and familiar faces will play key roles at Northwest Federal Credit Union as 2013 gets underway.
Taking the reins at Northwest Federal – one of the nation’s largest credit unions, with $2.5 billion in assets and serving 117,000 members – is new President/CEO Chris McDonald. He succeeds Gerrianne “Winky” Burks, who retired after a 41-year career at the Credit Union. McDonald has extensive credit union experience gained over 28 years, most recently serving as CEO of Andrews Federal Credit Union in Suitland, Maryland. He first began working with Northwest Federal last fall, working closely with the board and senior management team to ensure a smooth transition of leadership, as well as continuing the progressive and innovative work for which the Credit Union is known.
In his first CEO message to members, McDonald shared his excitement about joining the Northwest Federal team and his commitment to maintaining its reputation: “We are more than just a financial institution; we are a part of our community and devoted to serving our members and improving the lives of those around us whenever possible. I believe Northwest Federal’s culture of service is both one of our defining aspects and greatest strengths.”
Also new to the Credit Union’s executive team is Jesse Boyer, Senior Vice President and Division Executive for REALTORS® Federal Credit Union, a division of Northwest Federal Credit Union. Boyer served as the EVP/COO/CIO of REALTORS® Federal Credit Union prior to its merger into Northwest Federal this past summer. In his new position, he is responsible for supervising the day-to-day functions, long-term strategy, and everything in between for the new division.
In 2011, Boyer was recognized as one of Credit Union Executive Society’s’ “Rising 100” up-and-coming credit union executives. The award honored credit union professionals instrumental in facilitating growth at their organizations and furthering credit unions’ success – qualities well-suited for serving on the executive team.
Another familiar face is Northwest Federal Board Member Martin Edwards, Jr. CCIM, who has been nominated for reappointment to the Board. Edwards was Chairman of the board for REALTORS® Federal Credit Union when it merged with Northwest Federal last summer, and joined its board at that time.
“Northwest Federal has a long-standing reputation of financial strength and an exceptional record of quality service to its members,” said Edwards. “The merger resulted in an exceptional partnership that continues this tradition and embraces an exciting future.”
Edwards is a Commercial REALTOR® in Memphis, Tennessee, with more than 40 years of practice in investment real estate management, brokerage and development. He has served in many capacities in the Realtor Association, including local Memphis Board President, National President of the CCIM Institute, former Treasurer and 2002 President of the 1,000,000 plus Member, National Association of Realtors®. Currently Mr. Edwards is President of the National Realtors Relief Foundation which has assisted thousands of disaster victims, such as hurricane Sandy, since its inception, after tragedy of 9-11, with housing relief with the “place they call home”.
About Northwest Federal Credit Union
Northwest Federal Credit Union is a full-service financial institution ranking among the largest credit unions in Virginia and in the top 100 credit unions in the nation. Established in 1947 and headquartered in Herndon, Va., Northwest Federal is dedicated to providing financial services and education to its members and the community. The Credit Union currently serves more than 117,000 members and has assets in excess of $2.5 billion. For more information, visit www.nwfcu.org.
About REALTORS® Federal Credit Union
Founded in 2008 by the National Association of REALTORS®, REALTORS® Federal Credit Union is the first-ever virtual credit union. REALTORS® Federal Credit Union, a Division of Northwest Federal Credit Union, is also a proud partner in NAR’s REALTOR Benefits® Program. The Credit Union field of membership includes REALTORS® and immediate family members, NAR member boards, institutes, societies and councils, REALTOR®-owned businesses, state and local associations, and local boards. For more information, visit www.realtorsfcu.org.