Mary McDuffie named the new CEO of Navy Federal Credit Union.
Cutler Dawson, president and CEO of Navy Federal Credit Union, is stepping down from his leadership role after 14 years with the credit union.
The announcement, made Thursday afternoon, also stated that Navy FCU's Board of Directors have selected a new leader for the credit union: Mary McDuffie.
According to the statement released by Navy FCU, McDuffie will assume the new role of president and CEO effective Jan. 18, 2019.
McDuffie has served as an executive leader at the credit union since 1999. Currently, she serves as Navy FCU's COO.
According to information provided by Navy FCU, McDuffie previously served as the executive vice president of Delivery Channels and Communications as well as executive vice president of Lending.
John Lockhard, Chairman of the Board of Directors at Navy FCU said in a statement, "Mary McDuffie is a talented and proven leader," Lockard said. "Mary understands our mission of member service. There is no other person more qualified for this role and no other could be as dedicated in our mission to serve our members."
According to Navy FCU, Dawson is retiring.
"Cutler Dawson has led the Navy team in every way possible. He truly cares about his team and all of our members." Lockard said. "He has been the right leader for the right time. Thanks to him, we are prepared for the opportunities that the future will bring us."
Navy FCU employs more than 18,000 people with a global network of 323 branches.
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Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
