A street sign at a branch of the North Carolina State Employees' Credit Union. (Source: Shutterstock)
On Monday, the board of directors for the $50 billion State Employees' Credit Union announced that Jim Hayes will become the credit union's new president/CEO on Sept. 1. He will replace Mike Lord, who will retire at the end of August.
Hayes currently serves as president/CEO of the $2.2 billion Andrews Federal Credit Union (AFCU) headquartered Suitland, Md. According to Monday's announcement, Hayes has more than 25 years of credit union management experience.
Hayes will take over for the current President/CEO Mike Lord, who announced his plans to retire in February of this year. Lord was appointed CEO in 2016 after serving as CFO for North Carolina's largest credit union for more than 30 years. He joined SECU in 1975 and will step down on Aug. 31.
Jim Hayes SECU Board of Directors Chair Bob Brinson said, "Jim Hayes is a recognized leader with extensive knowledge and a variety of experience within the credit union and regulatory arenas. We are impressed by his knowledge of the industry and vision for the future, and we welcome Jim as the next president and CEO of State Employees' Credit Union."
In a statement, Hayes said, "I am honored to be selected as the next president and CEO of SECU. I appreciate the confidence that the board of directors has placed in me to lead SECU into the future.
"SECU has an excellent reputation as a member-focused and trusted financial services provider, always striving to make a positive difference in the lives of its members. I look forward to carrying SECU's mission forward and continuing to make those positive impacts."
According to a press release from SECU, Hayes has served as president/CEO of AFCU since 2012. Prior to that, Hayes served as EVP and CFO for AFCU. He's held management positions at Western Corporate Federal Credit Union and was a capital markets specialist and corporate examiner for the NCUA. Hayes received his bachelor's of science degree from the University of Southern California. He holds a master's of science degree from the University of La Verne and has completed executive education courses at MIT and Stanford University.
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Michael Ogden
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.
