Christopher McKenna has been named the next president and CEO of Capital Communications Federal Credit Union, succeeding Paula Stopera, who has announced plans to retire in late May 2019.
Based in Albany, N.Y., the $1.75 billion-asset institution does business as CAP COM FCU
McKenna presently serves as executive vice president and chief lending officer of its mortgage subsidiary, Homeowners Advantage.
Stopera, who began her career at the credit union in 1980 as a member relationship officer, has held the top job for the past 15 years. Over her nearly four-decade tenure at CAP COM, the credit union has expanded from one branch and nine employees to eleven branches and almost 400 workers.
During her time as CEO, CAP COM’s asset size has climbed by more than $1.5 billion.
“Leading the credit union as president and CEO since 2004, through times of immense change, has been demanding, sometimes daunting, and thrilling,” Stopera said in a statement released last month.
Meanwhile, McKenna has worked at CAP COM since 2010, and has 29 years of experience in the financial services and mortgage industry.
“We will focus on continuing to provide members with one-on-one guidance and support in the moments that matter the most,” McKenna said in a statement. “Meanwhile, we will invest in technology to make it easier for members to save money, afford major purchases, protect their assets and family, and make plans for the future.”
CAP COM posted net income of about $17.1 million in calendar 2018, a 35 percent increase from the prior year..
