LAUREL, Md.–The $3-billion Tower FCU announced it has selected a successor to retiring CEO Martin Breland.
Breland said he will step down in June after nearly 30-years with the credit union.
Tower FCU said Rick Stafford, currently EVP-member services at the credit union, will take over once Breland departs.
"He is a champion of our culture and will carry forward the mission and core values of Tower and the credit union community," said Breland of Stafford in a statement. "I am confident that Rick, the rest of our management team, our exceptional employees and our board will successfully guide Tower in the future by taking advantage of opportunities that lie ahead to better meet our members' needs and adeptly navigating any challenges that may arise. "
Tower Federal has 160,000 members.