AERO Federal Credit Union announces new President/Chief Executive Officer
GLENDALE, AZ (June 5, 2020) — AERO Federal Credit Union is pleased to announce the selection of Michael Moyes as the credit union’s new President and Chief Executive Officer.
“We are happy to announce Michael Moyes as AERO Federal Credit Union’s new President and CEO. We are confident that with his extensive experience within the credit union industry, Michael will be a great addition to our team and will be a vital component to the credit union’s future successes,” said Dick Clauer, Chairman of the Board of Directors. Clauer also commended retiring CEO, Preston Sanders, for his years of dedicated service to the credit union and its membership. “The Board would like to sincerely thank Preston for his unwavering leadership over the past ten years. We wish him all the best in his upcoming retirement.”
Moyes comes to AERO with over two decades of experience within the credit union industry. He served as President and CEO of Coloramo Federal Credit Union in Grand Junction, Colorado from 2016 to 2020. During his time at Coloramo, the credit union was ranked in the top 25 for “Loan Growth Percentage,” nationwide. Prior to his time there, he served as the Chief Financial Officer for Pinal County Federal Credit Union (PCFCU) in Casa Grande, Arizona, as well as six years as Vice President of Strategic, Lending and Operation Solutions with the Michigan Credit Union League. Furthermore, Moyes served as President and CEO of Salt Lake Credit Union in Salt Lake City, Utah from 2001 to 2009. Moyes received a bachelor’s degree in Accounting from Weber State University in 1990, and his master’s degree in Business Information Systems from the University of Phoenix in 2001.
“I am excited to lead AERO Federal Credit Union,” said Michael. “AERO is a strong credit union with a great reputation and a long history within the communities it serves. I am looking forward to becoming acquainted with the Board of Directors and the AERO team, and serving the membership.”
Michael Moyes
About AERO Federal Credit Union
AERO has been providing people with affordable, trustworthy financial services for over sixty years. The credit union started in 1957, when a small group of workers in the aerospace industry banded together. Back then, the credit union was known as the Sperry Phoenix Employees Federal Credit Union. Through a series of mergers and acquisitions of its core sponsor, and in keeping with its dedication to the employees of the flight and aerospace industry, AERO had several name changes over the decades, and its membership base has greatly expanded. In November 1999, the credit union changed its name to Honeywell Aerospace Federal Credit Union. Finally, in 2009, it became AERO Federal Credit Union.
As of December 31, 2019, AERO holds $240 million in assets, with branches in the Phoenix and Albuquerque metro areas serving over 19,000 members.
Because the credit union is owned by its members and not shareholders, AERO makes its members its top priority. The Board of Directors is run entirely by volunteers, who work together to establish and implement member-focused policies.
AERO Federal Credit Union and its employees are absolutely committed to financial transparency.
