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.
Molloy's dedication to public service started in the 1950s as a teacher and volunteer firefighter in Buffalo, New York. He later studied law and formed bonds that stirred his interest in politics. By the age of 27, Molloy became the youngest Democratic Party Zone Chairman in New York's history. His passion captivated the attention of Congressman John Rooney who, in 1968, invited Molloy to Washington to serve as the House Finance Director.
Five years later, Molloy ran against long-standing incumbent, William Miller, for House of Representatives Doorkeeper. He was elected and served 11 sessions.
"He made an indelible impression on everyone around him. His many years of service helped to mold Congressional Federal into the organization it is today. He truly was a one-of-kind leader," said Jim Kaelin, current Congressional Federal board chairman.
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