David Bunch, president and CEO of FedChoice Federal Credit Union in Lanham, Md., has announced his plans to retire at the end of 2021.
The credit union has engaged D. Hilton Associates to conduct a nationwide search for its next chief executive.
Bunch has been a member of FedChoice since 1979 and started work there in 1987 as a loan officer. He held a variety of roles in the years that followed and in 1996 was named president and CEO. Since that time, the credit union’s assets have tripled, to $410 million today.
“I have had a truly gratifying and fulfilling career over the past 34 years with FedChoice Federal Credit Union,” Bunch said in a press release last week. “It has been a privilege to work with such a talented and inspiring staff, and I am incredibly grateful for the support and confidence shown by the board of directors over the course of my tenure here.”
Arthur Altman, chairman of the FedChoice board, said Bunch’s “leadership, knowledge, and commitment have helped make FedChoice what it is today.”
Bunch oversaw the credit union’s conversion to a trade, industry and profession charter, or TIP charter, making federal government employees in 40 counties between Virginia and New Jersey eligible for membership.
Today the credit union serves more than 24,000 members.
