Credit union parts ways with CEO, names interim leader. (Image: Shutterstock).
The board of directors for JAX Federal Credit Union said Mary Svoboda will serve as interim president/CEO after the Jacksonville, Fla.-based financial cooperative and its former President/CEO Joe Nowland agreed Monday to end their relationship.
"But each wishes to express appreciation for the positive direction of the credit union during Joe's tenure," according to JAXFCU's prepared statement.
Recommended For You
Nowland's tenure, however, lasted only 11 months. He was appointed the CEO in April 2019.

Before joining JAX, Nowland served as chief business services officer for the $9.1 billion VyStar Credit Union also based in Jacksonville from Jan. 2008 to March 2019. He also worked as a community bank president for the former Wachovia Bank and as its regional small business manager.
"While Joe is leaving, he is doing so on good terms, with the support of JAXFCU. While JAXFCU appreciates Joe's commitment and accomplishments, the board of directors and Joe reached the conclusion that they had different visions for the future of the organization and have decided to part ways," JAXFCU said in its prepared statement. "The board and staff of JAXFCU wish Joe Nowland the best and are certain that he will continue his successful and rewarding career within the financial industry.

Mary Svoboda joined the credit union as COO in 2003. In 2017, the board of directors appointed her to the dual role of COO and CLO, which the credit union said was a position designed to prepare the credit union for long-term growth and sustainability.
"Since the day Mary joined our executive team, she has earned the confidence of our employees, members and the board of directors," Charles T. McLeod, Jr., JAXFCU board chair said in a prepared statement. "We are grateful for her years of service to the credit union movement and her dedication to the credit union as we move forward in exploring leadership options."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.