Northwest Federal Credit Union, a $3.2 billion institution based in Herndon, Va., announced that its board of directors has named Jeff Bentley as the new president and CEO.
Bentley began his career at Northwest FCU in 2014 as the senior vice president of lending/chief lending officer, after having had more than 30 years of experience in the fields of consumer and commercial lending, accounting, sales and third-party management.
Northwest FCU noted Bentley introduced several “strategic initiatives" for the credit union, including an indirect lending program, resulting in “significant growth,” as well as the Community Partners program, which expanded Northwest FCU’s philanthropic activities in the community. Also, under his leadership Northwest FCU grew its mortgage lending program to a multi-state operation.
“Since Jeff joined the Northwest Federal leadership team in 2014, he has exhibited dedication and enthusiasm for serving our members, which has led to tremendous growth,” said chairman of the board of directors, Tom Conroy, in a statement. “We know that great days are ahead for our members and employees with Jeff at the helm.”
Bentley commented that he is “honored to continue to build upon this thriving organization that was formed over 70 years ago and excited for what the future has in store.”
Northwest FCU’s prior chief was Chris McDonald, whose tenure ended in March 2017, according to his LinkedIn page.
According to call reports, Northwest FCU posted net income of about $22.9 million in 2016, up from $16.4 million in the prior year.