RALEIGH, N.C.–Local Government FCU and Civic FCU, separate brands that operate under one management team, has announced the selection of a new president and CEO.
The credit unions have chosen Dwayne Naylor to lead the organizations and to succeed long-time CEO Maurice Smith, who is well known to many in the credit union community.
Naylor, who will move into his new role in January of 2023, has been serving as president of Civic FCU since 2018. LGFCU and Civic FCU serve local governments in North Carolina. Civic FCU was created in 2018 as a digital-first credit union.
Naylor, a native North Carolinian, began his credit union career in 1983 and has served in a number of leadership positions. His tenure at LGFCU/Civic began in 2000 when he was named executive vice president, a position he held until taking on the executive vice president position at Langley FCU in Virginia, the credit unions said.
“At Langley, Mr. Naylor was responsible for accelerating the credit union’s development and deployment of digital tools and services designed to improve member service and experience,” the CUs stated.
Naylor returned to LGFCU in 2013 to serve as chief operations officer. The credit union said he was a leader in launching Civic FCU, LGFCU’s strategic entrée into digital-first financial service delivery.
‘Iconic Figure’
Described by the two CUs as an “iconic figure” in credit unions, Smith began his service at LGFCU in 1992 as executive vice president following 13 years in various roles at State Employees’ Credit Union in Raleigh, N.C. He was appointed as LGFCU president in 1999 and CEO in 2017.
“With Mr. Smith's guidance, the credit union has grown from a single credit union with $200 million in assets serving 63,000 members to a multi-brand enterprise greater than $3.6 billion in assets serving more than 400,000 members,” the credit union said.
‘Wealth of Experience’
Of Naylor, Smith said, “Dwayne brings a wealth of experience to this role. He has served on the front lines directly helping members with crucial financial services. He has been an internal auditor overlooking all aspects of operations. He has built back-office systems with multiple credit unions. His domestic and international experience with financial cooperatives expands our perspective on what’s possible.”