Washington, D.C. skyline. (Source: Shutterstock).
After serving seventeen years at the Oakton, Va.-based Congressional Federal Credit Union, Cory Montez Hairston was officially appointed by the Board of Directors as president and CEO of the credit union on Tuesday.
As CFCU's Vice President of Internal Audit for several years, Hairston also took on the positon as interim president/CEO of the credit union ($1.2 billion in assets, 47,346 members) this past year.
"The Board of Directors is very excited to welcome Montez as our new President and CEO," said James Kaelin, chairman of the Board of Directors. "Montez brings a wealth of experience to the table and we are looking forward to the continued growth and success of the credit union under his leadership."
According to a statement from CFCU, the credit union has received NCUA approval to expand its charter into the Southeast sections of Washington, D.C. where there are a significant number of underserved people. Expanding CFCU's services into those areas will be a priority for Hairston.
"Coupling increased technological capabilities with personalized service, the credit union is working with community partners to establish a future site for a new local branch under Mr. Hairston's guidance," the credit union statement read.
Hairston said, "I am extremely appreciative of the opportunity to continue fulfilling Congressional's commitment to our members, staff, and surrounding community."
He continued, "Above all, we are committed to being a positive force in the community we serve."
According to CFCU, Hairston has more than 25 years of experience in the financial industry – the majority of which has been with CFCU. He previously served as the Manager of Internal Audit for the Community Bank of Northern Virginia.
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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.
