Congressional Federal Credit Union is mourning the death of former Board Chairman and U.S. House of Representatives Doorkeeper James T. Molloy.
In 1970, Molloy became a member and volunteer at the Washington-based credit union. Three years later he became board chairman and served for 35 years. Molloy officially stepped down as board chairman in 2009, yet his drive for public service never dwindled and he remained an advocate for the credit union until his final days.
During his tenure, the credit union grew from $3.5 million to $529 million in assets, expanded its Hill presence and branch infrastructure to five locations and created a suite of products and services to help members build, manage and preserve their finances.
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