Navy FCU Names New Chief

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VIENNA, Va. - (10/07/04) -- The Board of Navy FCU said Thursdayit hired Cutler Dawson, chief financial officer of the U.S. Navy,and a former director, as its new president and CEO, succeedingretiring Brian McDonnell. Dawson, a three-star Admiral, has servedas a volunteer for the credit union giants off and on for 16 years,with two stints on the board. He is due to complete a 34-yearcareer with the Navy, in December when he takes the helm of the $22billion credit union. McDonnell, 60, is retiring after 35 yearswith the credit union, the last eight as its president andCEO.

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