The nation’s second-largest credit union by assets has named its next leader.
The $50 billion-asset State Employees’ Credit Union in Raleigh, North Carolina, said it has hired
Hayes was most recently president and CEO of the $2.2 billion-asset Andrews Federal Credit Union in Suitland, Maryland.
Lord earlier this year
“Jim Hayes is a recognized leader with extensive knowledge and a variety of experience within the credit union and regulatory arenas. We are impressed by his knowledge of the industry and vision for the future,” SECU chairman Bob Brinson said in a press release Monday.
Hayes has more than 25 years of credit union management experience and has also worked as a capital markets specialist and corporate examiner for the National Credit Union Administration.
He was also formerly a federal thrift regulator at the Office of Thrift Supervision.
“SECU has an excellent reputation as a member-focused and trusted financial services provider, always striving to make a positive difference in the lives of its members. I look forward to carrying SECU’s mission forward and continuing to make those positive impacts,” Hayes said in the press release.
Lord joined SECU in 1975 and served as chief financial officer for more than 30 years before succeeding longtime president and CEO Jim Blaine in 2016.
SECU earned roughly $278 million in the second quarter of 2021, compared with $88 million in the year-earlier period, according to NCUA call report data.
Andrews FCU earned $5.5 million in the second quarter, versus $2.6 million a year earlier.
