Landings Credit Union promotes another CFO to CEO
Margaret Hunnicutt, who has served as president and CEO of Tempe, Ariz.-based Landings Credit Union since March 2008, on Wednesday announced her plans to retire at the start of 202.
Brian Lee, who currently serves as chief financial officer for the $167 million-asset institution, will take over the corner office after Hunnicutt’s departure.
Prior to becoming president and CEO 11 years ago, Hunnicutt was the credit union’s chief financial officer. Landings CU released a statement noting Hunnicutt led the credit union through the Great Recession and a rebranding from its original name as Tempe Schools CU. According to the credit union, Hunniccutt was the “driving force” behind the Volunteer Income Tax Assistance Program in Tempe for more than 10 years.
Bill Hegebush, chairman of the Landings board of directors, said of Hunnicutt, “It is hard to say goodbye to a strong leader, especially one who is able to meld the needs of our members, staff and community into a successful organization. She has truly been a leader who lives the credit union motto of ‘people helping people.’”
Landings’ most recent call report shows just under $1 million in net income through the first three quarters of 2019, up 6% from the same period last year.