Navy Federal Credit Union in Vienna, Va., has named Mary McDuffie as its next president and CEO.
McDuffie will succeed Cutler Dawson, who is retiring after 14 years with the institution, on Jan. 18, the credit union said on Thursday.
Navy Federal is the world's largest credit union with roughly 8 million members and $91.8 million of assets.
McDuffie, who has worked at Navy FCU since 1999, currently serves as its chief operating officer. She previously worked as the credit union’s executive vice president of delivery channels and communications and executive vice president for lending.
“Mary McDuffie is a talented and proven leader,” John Lockard, Navy Federal’s chairman, said in a statement. “Mary understands our mission of member service. There is no other person more qualified for this role and no other could be as dedicated in our mission to serve our members.”
Navy FCU earned $696.7 million in the first half of 2018, up more than 7 percent from the same period in 2017.
