MANHATTAN BEACH, Calif. – Kinecta FCU CEO Thomas Graham has left the credit union effective April 29. The $3 billion credit union did not disclose any terms of Graham's departure. Graham joined Kinecta in 1990 as SVP of administration. At that time the CU was called Hughes Aircraft Employees FCU. Graham quickly moved up the ranks until landing the CEO job in 1998. He helped lead the CU through a name change to Kinecta. Hughes Aircraft, the original sponsor for the credit union, was bought out by Raytheon -one of the reason's the CU changed its name to Kinecta. Kinecta board member David A. Gale has been named interim CEO. Gale has over 28 years experience with Hughes Aircraft. The Kinecta board has formed a search committee and is currently seeking an executive search firm. With over $3 billion in assets, the Kinecta job will be a highly-sought position in the industry. Graham was also a board member with CUNA Mutual and WesCorp. He was immediately removed from WesCorp's board per its bylaws and the CUNA Mutual board will likely remove Graham at their next board meeting scheduled for June 3.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.