Brian McDonnell Announces HisRetirement

August 20, 2004, 1:00 a.m. EDT 1 Min Read

VIENNA, Va. - (08/20/04) Navy FCU CEO Brian McDonnell announcedhe will retire as of Dec. 31, after working at the world's largestcredit union for 35 years, eight of them at the helm. DuringMcDonnell's tenure with Navy Fed, the CU has grown from $120million in assets and 200 employees to more than $22 billion inassets with 4,500 employees. "Brian has been a superb CEO who hasled Navy Federal to new heights," said John Lockard, chairman ofNFCU. "He has also been a passionate leader and supporter of thecredit union movement." "In many respects, Navy Federal has been mylifes work and Ive loved every minute of it,"McDonnell said. "Now Im looking forward to doing volunteerwork, traveling with my wife, Pat, and spending more time with myfamily."

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Stress tests

What's next after strong bank stress tests?

While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.

By Catherine Leffert

30m ago
Digital banking

Academy Bank gives consumers digital budgeting help

The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.

By Melinda Huspen

2h ago
Cyber security

GodFather malware hijacks banking apps on Android devices

GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.

By Carter Pape

3h ago
Payments

How Walmart, Amazon and other nonbanks chase stablecoins

As banks consider their strategies, other big names are also considering a role for digital assets.

By John Adams

4h ago
Open banking

Fintech group urges court to uphold CFPB's open banking rule

The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.

By Kate Berry

5h ago
Industry News

Financial Services Forum CEO Fromer departing

Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.

By Claire Williams

7h ago