The $688 million Y-12 Federal Credit Union in Oak Ridge, Tenn., has named 30-year financial services veteran Mark Ziegler as its new president/CEO.

Ziegler is currently chief lending officer at the $1 billion MAX Credit Union in Montgomery, Ala., and president of its MAX Capital LLC subsidiary and will succeed Tom Hilton when he retires later this year, Y-12 FCU said Wednesday.

"Tom Hilton joined Y-12 Federal Credit Union more than 20 years ago as president/CEO and has led Y-12 FCU to achieve goals that we never imagined when he came on board," Board Chairman Don Norris said in the announcement.

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