SUITLAND, Md. Andrews FCU announced that Jim Hayes, its interim CEO since October, was named permanent president and CEO of the $985 million credit union located halfway between Baltimore and Washington.
Hayes, the final CFO at WesCorp, was hired by Andrews in 2010 as its executive vice president and CFO and took over the helm last September when CEO Chris Mcdonald left to head $2.2 billion Northwest FCU in nearby Herndon, Va. Hayes was CFO at WesCorp when NCUA took it under conservatorship in March 2009 and eventually liquidated the troubled one-time $34 billion corporate credit union.
The former Andrews Air Force Base employee credit unions earned $5.8 million in 2012 and $3.2 million for the first six months of 2013, and added almost 7,000 new members in 2012, to give 105,000 total members.
“With his extensive experience and proven dedication to Andrews Federal Credit Union, Jim will be a strong leader as the credit union continues to grow and reach out to more members within the communities we serve,” said General Frank Cardile, the credit union’s board chairman.
