XCEL Federal Credit Union CEO Linda McFadden retires

By Palash Ghosh November 09, 2017, 1:44 p.m. EST 1 Min Read

Linda McFadden has retired from her position as president and CEO of XCEL Federal Credit Union.

Linda McFadden, XCEL FCU — Linda McFadden listens to others testify before the Senate Banking Committee hearing on small institutions Sept 16, 2014. Photo Ken Cedeno

The board of the $176 million credit union has named its chief financial officer, Arlene Bernard, as interim CEO. The board will conduct a nationwide search for a permanent CEO.

According to her LinkedIn page, Bernard joined XCEL FCU in November 2011, after serving as CEO of Saint Vincent's Employees Federal Credit Union (which itself merged into McGraw-Hill Federal Credit Union in August 2011).

Arlene Bernard, president and CEO of XCEL

Bernard has a Bachelor's degree in accounting from Fairleigh Dickinson University.

Based in Bloomfield, N.J.,, XCEL FCU posted net income of about $422,000 in 2016, down from about $942,000 in the prior year.

Palash Ghosh

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