Son Takes Over the Helm at Members Choice CU for Retiring CEO Mom

David Deborde has been named president/CEO of Members Choice Credit Union, the Ashland, Ky.-based financial cooperative said in a prepared statement.

He succeeds his mother, Cheryl Deborde, a 30-year banking veteran who was appointed CEO during the fourth quarter of 2015, according to the credit union’s profile reports filed with the NCUA.

During her CEO tenure, MCCU grew assets from $204 million to its current assets of $356 million, increased loans from $127 million to $211 million, and expanded membership from 16,956 to 21,821, according to the credit union’s Call Reports.

For seven years, David Deborde has managed MCCU’s governance, risk and compliance operations.

“We’ve become one of the fastest growing financial institutions in the state of Kentucky over the past few years thanks to great staff, amazing members, and the leadership of our directors,” David Deborde said in a prepared statement. “Mom has been recognized at every level as a top leader in the credit union world, so she’s leaving big shoes to fill. We will stay focused on the same things we have focused on for 90 years – great products, making our communities better, and world-class member service.”

MCCU’s 69 employees run six locations.

After serving as interim CEO of the $425 million Education Credit Union since July, Marcus Smith has been appointed president/CEO of the Amarillo, Texas-based financial cooperative, the board of directors said.

He succeeded Eric Jenkins who left the credit union to become CEO of the $1.6 billion SRP Federal Credit Union in North Augusta, S.C.

Smith joined ECU in 2014 as its chief financial officer.

ECU’s 139 employees operate six locations and serve more than 32,000 members.

The board of directors for the $255 million Homebase Credit Union in Prince George, Va., named Clint Summers president/CEO.

He succeeds Patsy Stuard who is retiring.

Summers joins Homebase CU with more than 11 years of credit union experience. He served as senior vice president of brand and IT before being promoted to chief operations officer at the $940 million Clearwater Federal Credit Union in Missoula, Mont., according to Homebase CU.

Homebase CU’s 48 employees operate two locations and serve more than 17,000 members.

The $158 million Miami Firefighters Federal Credit Union in Florida named Bryan S. Woodward president/CEO, the board of directors said.

He succeeded Pat Totten who retired earlier this year.

Woodward joins Miami Firefighters FCU with more than 20 years of experience in the credit union movement, most recently serving as president/CEO of the $26.2 million Hartford Firefighters Federal Credit Union in Hartford, Conn.

Miami Firefighters FCU’s 17 employees operate one location and serve more than 4,600 members.