CEO Larry Kelly retires, COO named successor after nationwide search

FAIRFAX, VA (June 27, 2017) — Apple Federal Credit Union (FCU) recently announced that Larry Kelly, president and chief executive officer, will retire at the end of June. Andrew (Andy) C. Grimm, Apple FCU’s executive vice president and chief operating officer, will succeed Larry as President/CEO effective July 1, 2017. The Apple FCU Board of Directors reached its decision after a nationwide search.

Mr. Grimm has been employed at Apple FCU since 1995, when he was hired by Mr. Kelly as Apple’s first Strategic Planning Manager. In 1999, Andy was promoted to the position of Vice President of Finance, earning his Certified Public Accountant (CPA) designation in 2003. Assuming the role of Chief Operating Officer in 2004, he’s overseen the execution of many major strategic initiatives, including nearly a dozen new branches, technological enhancements, greater emphasis on the education community, an employer of choice initiative and several mergers and acquisitions, to name a few. Mr. Grimm also serves on the Board of Directors for The Foundation for Fairfax County Public Schools.

Since taking the helm of Apple in 1995, Mr. Kelly guided the growth of the credit union from 41,000 members and $230 million in assets, to more than 190,000 members and nearly $2.4 billion in assets today. Apple currently holds rank as a Top Ten Credit Union in the Commonwealth of Virginia in terms of size and is in the top 100 of all credit unions in the U.S. Apple FCU was named to Virginia Business Magazine’s Best Places to Work in Virginia list (large employer category) in 2017.

“My legacy is the passionate, talented leaders at Apple that work every day for its success. Andy’s a key member of the Apple family, and I know he’s going to be fantastic at moving Apple forward in innovative and strategic ways, while maintaining the organization’s core values and operating philosophy,” said Mr. Kelly.

Mr. Grimm has an undergraduate degree in Business, with a major in Marketing, from Fordham University, and a Master of Science in Business from The Johns Hopkins University School of Professional Studies in Business and Education.  After receiving his MBA in 1999, he earned the Edward J. Stegman CPA Memorial Award from Johns Hopkins for achieving the highest possible GPA in his program.  Andy resides in Fairfax County with his family.

Andrew Grimm
Incoming President/CEO

About Apple Federal Credit Union

Since 1956, Apple Federal Credit Union has been a not-for-profit, member-owned financial services cooperative, when a group of Fairfax County Public School system educators came together to assist a colleague in purchasing a set of car tires. Apple Federal Credit Union has expanded to a membership of more than 213,000 and assets surpassing $2.9 Billion with 21 branches across Northern Virginia. It offers a wide variety of quality products, including free online and mobile banking, the full range of individual and commercial banking services, and access to more than 53,000 ATMs nationwide. Member trust is Apple’s number one priority along with their vision of improving members’ lives and fulfilling their dreams. Apple’s personalized service and financial solutions, competitive rates, and products allow members to truly experience the credit union difference. One of the keys to Apple Federal Credit Union’s success has been its people and workplace culture. As an award-winning workplace, Apple is a 2017 and 2018 Virginia Business Best Places to work, and 2017 and 2018 winner of the prestigious ATD BEST Award that recognizes organizations that demonstrate enterprise-wide success through their talent development practices.


Beth Yingling,
Chief People Officer
Apple Federal Credit Union

Sondra J. Thomas
Marketing Community Specialist
Apple Federal Credit Union
703-225–1116 phone
703-225-1316 fax

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