Juli Anne Callis has resigned from her position as CEO of the 43,000-member, $584 million NIH FCU in Rockville, Md.
Callis said Friday that a general desire to get more involved in health management and health care advocacy led her to resign the post she has held since 2009.
Callis also noted how her husband's health concerns had influenced her decision to come to NIH FCU and how, at the moment, she is spending increased time in southern California to attend to her daughter's heath concerns.
"I have a lot of interest in health issues and health care advocacy and I have worked in that industry in the past," she said.
Callis had discussed her family's health issues – her husband and daughter both have suffered from cardiomyopathy, a disease which took her 10-year-old son's life – when she was featured as a "Woman to Watch" by Credit Union Times last year.
The credit union's longtime executive vice president and deputy CEO, Tim Duvall, will serve as interim CEO, according to Steven Levin, vice president of marketing. "(Duvall), along with the credit union staff, is well-equipped to continue moving the credit union forward on it positive trajectory," Levin wrote in an email response to a reporter's question.
"At this moment, I do not have information on a CEO search plan so I need to withhold commenting to avoid speculation on this subject," he added.
The credit union's financials don't hint at any obvious problems, considering the effect the Great Recession has had on all institutions. However, the $584 million NIHFCU has not experienced the robust recovery that other credit unions in its asset class have enjoyed since Callis came on board.
Return on average assets remains far below peer averages. As of March 31, the credit union reported a paltry 0.28% ROAA, down from 0.35% one year ago. However, when Callis joined the credit union in 2009, the numbers were much worse: During the first quarter that year, ROAA was negative -3.46%.
Loan quality also suffers. As of March 31, NIH's loan quality index – which combines delinquency and charge off rates – was 1.77%. That's an improvement from a high of 3.01% in June 2011, but indicates the credit union still has credit risk issues. The credit union's net margin is also stagnant, reporting 3.46% in first quarter 2013, down from the high threes and low fours, where it's been since mid-2010.
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