Linda McFadden has retired from her position as president and CEO of XCEL Federal Credit Union.

Linda McFadden, XCEL FCU
Linda McFadden, retiring CEO of XCEL FCU

The board of the $176 million credit union has named its chief financial officer, Arlene Bernard, as interim CEO. The board will conduct a nationwide search for a permanent CEO.

According to her LinkedIn page, Bernard joined XCEL FCU in November 2011, after serving as CEO of Saint Vincent's Employees Federal Credit Union (which itself merged into McGraw-Hill Federal Credit Union in August 2011).

Arlene Bernard, XCEL FCU
Arlene Bernard, interim CEO, XCEL FCU

Bernard has a Bachelor's degree in accounting from Fairleigh Dickinson University.

Based in Bloomfield, N.J.,, XCEL FCU posted net income of about $422,000 in 2016, down from about $942,000 in the prior year.

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