Andrews Federal Credit Union gives CEO job to its acting head

Andrews Federal Credit Union in Suitland, Maryland, is installing its acting president and CEO in those roles on a permanent basis.

Kenneth Orgeron, who took the helm in August after the departure of CEO Jim Hayes, will drop the “acting” label, the $2.2 billion-asset credit union announced Tuesday.

“Ken’s extensive leadership experience in the financial services industry and his proven track record in leading our organization to great success is why he was chosen as the next leader of Andrews Federal,” Dail Turner, chairman of the Andrews Federal board, said in a press release. “We’re confident in Ken’s ability to drive the credit union’s path forward.”

Orgeron, who previously worked as chief operating officer at Andrew Federal, has more than 30 years of experience in the credit union industry.

After Hayes departed from Andrews Federal, he was named president and CEO of the $50 billion-asset State Employees’ Credit Union in Raleigh, North Carolina. Mike Lord, the previous CEO at the nation’s second largest credit union by assets, retired in September.