San Antonio, Texas — Security Service FCU announced Tuesday that David E. Reynolds will step down as chief executive officer in March 2014 and will be succeeded by President Jim Laffoon.
Reynolds, who became CEO in 1997, grew SSFCU from an institution with $330 million in assets and nine branches to the eighth largest credit union in the nation, with $7.5 billion, more than 900,000 members and 70 branches in Texas, Colorado and Utah.
"Under David Reynolds' leadership, Security Service has expanded the credit union's reach to serve more members and to provide enhanced products and services to meet their financial needs," said Jim O'Farrell, chairman of SSFCU's board of directors.
Reynolds began his credit union career in field examiner and auditor for the National Credit Union Administration in 1974. He joined Security Service in 1986.
