PASCAGOULA, Miss. Navigator CU, the state’s second-largest credit union, announced the resignation yesterday of longtime President Laurin Avara earlier this week.
No reason was given for Avara’s resignation. Navigator reported strong financials for the first six months of the year, including a $1.6 million net and net worth of almost 14%.
Robert Fertitta, chief financial officer for the $270-million credit union, was named interim CEO.
Fertitta has served as CFO since 1997. He has managed diverse departmental operations, including risk management, electronic payments, information systems and card services in addition to accounting, finance, and treasury responsibilities. Fertitta recently was appointed to the board of Corporate One FCU and also served on the Southeast Corporate FCU board.
