Dwayne Naylor announced as next Chief Executive Officer of Local Government and Civic Federal Credit Unions
RALEIGH, NC (August 10, 2022) — The boards of directors of Local Government FCU and Civic FCU are pleased to announce the appointment of Dwayne Naylor as the next Chief Executive Officer of Local Government FCU and Civic FCU, respectively. Naylor’s new role will begin in January 2023. Local Government and Civic are sister credit unions chartered to serve the unique needs of local government in North Carolina. Mr. Naylor’s primary responsibility as CEO will be to work with the boards of directors, fellow staff, credit union members, and local government partners and leaders to develop and execute strategies supportive of local governments and the thousands of North Carolinians working in local government.
Mr. Naylor, a native North Carolinian, began his credit union career in 1983 and has served in a number of leadership positions. His tenure at Local Government/Civic began in 2000 when he was appointed to the role of Executive Vice President, a position he held until taking on the Executive Vice President position at Langley Federal Credit Union, Langley, Virginia. 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.
Mr. Naylor returned to Local Government FCU in 2013 to serve as the credit union’s Chief Operations Officer. He was a leader in launching Civic FCU, Local Government FCU’s strategic entrée into digital-first financial service delivery. He became President of Civic FCU in 2018 and has since worked directly with current CEO Maurice Smith and the boards of directors of Local Government FCU and Civic FCU to execute Civic’s mission.
Mr. Naylor will succeed long-time CEO Maurice Smith, who announced his planned retirement in April during the 2022 Annual Meetings of both Credit Unions. Smith, an iconic figure in the credit union community began his service at Local Government FCU in 1992 as Executive Vice President following 13 years in various roles at State Employees’ Credit Union, Raleigh, NC. He was appointed as Local Government FCU President in 1999 and CEO in 2017. With Mr. Smith’s guidance, the credit union has grown from a single credit union with $200M in assets serving 63,000 members to a multi-brand enterprise greater than $3.6B in assets serving more than 400,000 members.
“Dwayne brings a wealth of experience to this role,” Smith said. “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.”
The boards of directors of Local Government FCU and Civic FCU look forward to working with Mr. Naylor to expand the credit unions’ potential, creating new and innovative ways to better serve the unique needs of North Carolina’s local government members and partners.
About Local Government Federal Credit Union (LGFCU)
Local Government Federal Credit Union (LGFCU) is a not-for-profit, full service financial cooperative which follows the cooperative principles adopted by credit unions worldwide. We are member-owned and democratically controlled. This means each member has one vote in how LGFCU is run, regardless of his or her personal investment in the Credit Union. Local Government Federal Credit Union (LGFCU) was founded in 1983. Our assets currently exceed $3 billion and more than 380,000 members are served by LGFCU, representing all of North Carolina's 100 counties and 540 towns, cities and villages. LGFCU is dedicated to providing services exclusively to local government employees, elected/appointed officials, volunteers and their families.