MAX Credit Union removes interim tag from CEO's title

Martin Head has been elevated to president and CEO of MAX Credit Union in Montgomery, Ala.

Head, who previously served as chief operating officer at the $1.4 billion-asset institution, was made interim CEO earlier this year upon the retirement of longtime CEO Greg McClellan, who spent 34 years with MAX. Head took the job permanently on Oct. 15.

"Martin is a strategic leader with a vision for our present and future and has demonstrated the skills needed to continue MAX’s transition into 21st century banking,” Keivan Deravi, chair of the credit union’s board of directors, said in a press release. Head has more than three decades of experience in consumer and commercial banking, and Deravi added that Head “has shown his ability to lead change, drive results, and innovate in a changing banking environment.”

Barbara Starr, vice chair of the board and chair of the CEO search committee, said MAX underwent a comprehensive search for a new leader “focused on top industry talent, and in Martin, we are confident that we have identified the best leader to take MAX forward.”

The credit union’s most recent call report shows $8.5 million in net income through the first nine months of this year, up slightly from $7.9 million during the first three quarters of 2018.