ALEXANDRIA, Va.–CommonWealth One FCU has selected a new president/CEO.
The $478-million CU has named Frank Wasson to lead the organization, succeeding Charlotte Cash who retired in August. Wasson is just the fourth-ever president/CEO of CommonWealth One Federal Credit Union since its founding in 1944.
In announcing the hiring, the credit union described Wasson as a “passionate and progressive chief executive with proven experience building leaders who accomplish amazing things for those they serve. His expertise includes retail banking and credit unions, fintech leadership, strategic planning, project management, enterprise risk management, e-commerce, business reinvention, and technology strategy.”
Wasson has previously served as the CIO at Partners FCU and COO at CBC Federal Credit Union, as well as president / CEO of First Entertainment Credit Union in Hollywood Calif., where he oversaw a 50% growth in assets to $1.9 billion, in addition to 20% growth in membership, and consecutive years of double-digit growth in business, consumer, and mortgage lending.
An ‘Important Time’
“I am excited and proud to be a part of the CommonWealth One Federal Credit Union team, in their long-standing mission to provide financial security and well-being in our community,” said Wasson. “This is an important time for our credit union, and I look forward to serving the members and team at CommonWealth One as their CEO.”
The 40,000-member CommonWealth One has branches in Alexandria and Harrisonburg, Va., and Washington, D.C.
The search was completed in partnership with Humanidei + O’Rourke.