JACKSONVILLE, Fla.–The $500-million 121 Financial Credit Union has named Bruce Fafard as the its new president/CEO.
Fafard is the former president/CEO of Scient FCU in Groton, Conn., and will move into the new position on May 4. The credit union said Fafard will bring expertise in strategic planning, charter expansion and developing high-performance teams.
Fafard succeeds Bill Braddock who has served as CEO of 121 for 28 years. The credit union said Braddock oversaw sustained growth at 121, steered it through the recession, increased the number of branches to 13 and the number of members to 45,000, and recently, guided the credit union through the merger with Duval Federal Credit Union.