New Navy Fed Chief Knows TheShip

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VIENNA, Va. - (10/08/04) -- Though he is not technically aninsider--someone who has worked within the organization--the newCEO at Navy FCU, Cutler Dawson, is someone who is well acquaintedwith the world's largest credit union. Dawson, currently chieffinancial officer for the U.S. Navy, has served as a volunteer onseveral committees and on the board of directors at various timesat Navy Fed since 1995. That includes two separate stints on theboard, service on the supervisory committee, on the planningcommittee, personnel policies committee and volunteers' educationcommittee. Dawson is scheduled to take the helm of the $22 billioncredit union on Dec. 6, ending 34 years of service in the Navy. Hewill succeed Brian McDonnell, who is stepping down after eightyears heading the credit union giant.

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