Steve Lumm To Retire From Addisson Avenue FCU

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Steve Lumm, CEO of Addison Avenue Federal Credit Union since 1994, has announced plans to retire at the end of 2006.

Under Lumm's leadership Addison Avenue has grown from $480 million to $1.8 billion in assets, and now operates 25 branches in 21 communities across the U.S.

Lumm was instrumental in the establishment of Addison Avenue Financial Partners, the credit union's investment division. Prior to his appointment CEO, Lumm served on both the Supervisory Committee and the Board of Directors of HP Employees Federal Credit Union, the forerunner to Addison Avenue Federal Credit Union.

The CU's board of directors has retained O'Rourke Career Connections, Brisbane, Calif., to conduct the search for a new CEO.

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