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In her first national media interview, Navy Federal Credit Union's new president/CEO Mary McDuffie shared her thoughts about her career, executive leadership style and vision for the world's largest credit union.
She succeeded Cutler Dawson, who retired in January. During his 14 years at Navy Federal's helm, the retired vice admiral of the U.S. Navy navigated the Vienna, Va.-based financial cooperative's growth from $24 billion in assets in 2005 to $96.9 billion in assets in 2018, while membership increased from 2.5 million to 8.2 million. If this growth continues – and there is every reason to believe it will under McDuffie's leadership – Navy Federal will inevitably become the first credit union to reach more than $100 billion in assets.
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