SAN BERNARDINO, Calif. – NCUA announced this afternoon it hired Darin Woinarowicz, the chief financial officer at Kern Schools FCU, as permanent CEO at Arrowhead Central CU, the one-time $1 billion credit union that has been under NCUA conservatorship since June 2010.
Woinarowicz has played a key role in the turn-around of the once-troubled Kern Schools FCU and previously held several key management positions at SchoolsFirst FCU.
“We believe the selection of Darin Woinarowicz is one that will ensure the credit union has sound strategic processes, a member-oriented focus, and the strong risk management and oversight necessary to rebuild and prosper,” said Jane Walters, NCUA Region II Director.
Woinarowicz will join the Arrowhead team in October.
Assets at the Arrowhead have declined to just $681 million, helping push the net worth ratio, once around just 3%, to 5.06% at mid-year, according to NCUA.
