CUMBERLAND, Md.–Chessie Federal Credit Union has named a new CEO. The $352-million CU has selected Scott Kline to lead the organization, succeeding Richard “Doc” Daugherty, who retired after 33 years of service.
Kline had previously served as senior vice president with CFCU.
Daugherty began his financial services career in May 1978 in the accounting office at Liberty Bank, and in 1985 was promoted to controller. In December 1987, he joined Chessie FCU to supervise its accounting and computer departments, where one of his first jobs was to transition the accounting department from manual reports to computer-generated reports.
In 1990, Daugherty was promoted to vice president and in December 1991, he was promoted to president/CEO.
“I have seen this great credit union grow from $43 million in 1987 to $60 million in 1991 and to what it is today, $350 million in assets,” he told Times-News.com. “Looking back over my time with Chessie and thinking about everything we have accomplished, it was my employees, board of directors and supervisory committee that made it all happen. In every organization, in order to be great and successful, you need dedicated people willing to work and be able to adapt to changes. Over these last 33 years, I have had the honor and privilege of working with the best team any president/CEO could ask for.”