ALEXANDRIA, Va. -- The $465-million NRL Federal Credit Union has named Kristin Shultz its new CEO.
Shultz succeeds Linda Powell, who retired after 16 years of service.
“The Board of Directors is excited to begin a new chapter with Kristin Shultz as she takes up the reins as our new CEO. She brings continuity from her experience as COO, and we're exceedingly confident in her abilities to take us forward into the exciting times ahead,” Dr. Richard Bevilacqua, chairman of the board.
The CU stated that it chose Shultz based on her extensive experience in the financial industry, as well as her proven leadership in her most recent role as chief operations officer at NRLFCU. Specifically, during her first year as COO, the credit union saw loans grow more than 7.5% and membership rise by nearly 15%.
"NRL Federal Credit Union is poised for greatness. Our credit union is ready to grow and to bring enhanced services, products, and experiences to our members,” said Shultz. “I envision the credit union to remain financially strong and sustainable and to be recognized as a top employer nationally.”
Shultz has a BA in economics from University of Virginia and an MBA with a concentration in finance from Virginia Tech. She is a certified Project Management Professional and has earned the Credit Union Executive Society Certified Credit Union Executive designation.