The largest credit union headquartered in New Jersey has a new chief executive.
Brauer will succeed current president and CEO John Fenton, who is retiring at the end of this year. Fenton has been Affinity's CEO for more than 27 years and will remain in a transitional role for a few months.
Fenton will also retain responsibilities with the Affinity Foundation, the nonprofit philanthropic organization connected to the credit union.
"Kevin is a long tenured, well respected and highly regarded member of the Affinity leadership team," Affinity Chairman Richard Meene in a press release Monday. "He is committed to Affinity's mission of supporting the financial wellbeing of its members and has been instrumental in developing the philosophy, services and impact that will continue to fuel our organization, as well as better support the communities we serve."
Brauer has more than three decades of financial services industry experience. In his more than seven years with Affinity, he has led departments that handled administration, human resources, finance and payment solutions.
Before joining Affinity, Brauer held executive-level positions with companies including Alloya Corporate Federal Credit Union and Empire Corporate Federal Credit Union.
Affinity earned $11.4 million in the first six months of 2022, a 15% year-over-year increase, according to call report data from the National Credit Union Administration.
