First City Credit Union in Altadena, California, named Nav Khanna as its new president and CEO.
Khanna succeeds Jim Miller, who recently retired, the $932 million-asset credit union said Wednesday.
Khanna was most recently executive vice president and chief operating officer at the $4.7 billion-asset Travis Credit Union in Vacaville, California. He will officially become CEO of First City on June 13.
“Nav stood out among a very strong set of candidates and demonstrated a vision for the future of First City, focused on improving the financial lives of our 59,000 members and their communities,” Michael Steinberger, the chair of First City's board, said in a press release.
Khanna has more than 30 years of experience in the financial services industry and worked in global and domestic financial services since 1990. He has worked in the credit union industry since 2001 with 15 of those years at the C-suite level, the company said.
“I love our movement, the State of California and what this organization stands for. I am looking forward to building upon the strong cooperative finance business model that has been forged thus far,” Khanna said in the release.
Miller was
First City earned $1.5 million in the first three months of 2022, a 90% decrease from a year earlier, according to call report data from the National Credit Union Administration.
