Andrew Grimm, EVP and chief operating officer at Apple Federal Credit Union in Fairfax, Va., is set to take over as president and CEO on July 1, succeeding current President and CEO Larry Kelly, who is retiring.
Since taking the top job at the Fairfax, Va.-based Apple FCU in 1995, Kelly has seen the credit union grow from 41,000 members and $230 million in assets to more than 190,000 members and nearly $2.4 billion in assets.
Meanwhile, Grimm has been employed at Apple FCU since 1995, when he was initially hired as a strategic planning manager. In 1999, he was promoted to the position of VP of finance, subsequently earning his Certified Public Accountant designation in 2003. In the following year, Grimm assumed the role of chief operating officer at Apple FCU.
Grimm has an undergraduate degree in business, with a major in marketing, from Fordham University in New York, and a Master of Science in Business from The Johns Hopkins University School of Professional Studies in Business and Education.
“My legacy is the passionate, talented leaders at Apple that work every day for its success,” Kelly said in a statement. “Andy’s a key member of the Apple family, and I know he’s going to be fantastic at moving Apple forward in innovative and strategic ways, while maintaining the organization’s core values and operating philosophy.”
According to its call reports, Apple FCU posted net income of about $20.5 million last year, after generating a figure of about $17.6 million in 2015.
