HUD Federal Credit Union announces selection of CEO

WASHINGTON, D.C. (July 19, 2017) — The Board of Directors of HUD Federal Credit Union announced today it has hired William “Bill” Kennedy as its new President/Chief Executive Officer, effective Monday, July 17, 2017.  Kennedy replaces current President/CEO Lee Hancock, who announced plans to retire last year.

Kennedy’s most recent position was Congressional Federal Credit Union in Oakton, VA., where he served as the manager of finance and accounting.

“Mr. Kennedy is an experienced credit union leader with a strong finance background. We are very pleased and privileged to have him take the helm of our credit union,” said Marvin Turner, Chairman of HUD FCU. “We look forward to HUD FCU’s next chapter under Bill’s leadership, and his mission to constantly deliver first-class service to our members.”

Mr. Hancock, HUD FCU’s outgoing CEO, is looking forward to retirement after 33 years of service and stated “I am leaving HUD in very capable hands with Bill.”

Since 1936, HUD Federal Credit Union has supported US Department of Housing and Urban Development employees, their families and HUD partners who strive to create strong, sustainable, inclusive communities and quality affordable housing.

For further information, contact: Otis Collins, Secretary, HUD Federal Credit Union Board of Directors, 202-402-3416,

About HUD Federal Credit Union

Since 1936, the HUD Federal Credit Union has supported the employees and families of those who work for the common purpose of housing and urban development. We have grown to include members all over the United States and its territories. Today HUD Federal Credit Union stands proudly among thousands of federal credit unions whose not-for-profit, service-oriented, member-owned approach to business distinguishes them from other types of financial institutions.Credit Unions ensure member participation in business decisions that affect their financial well-being. Our Board of Directors is composed entirely of HUD FCU members. We have maintained a steady growth through reasonable interest rates, diversified investments and financial services, and member participation in the decisions that ensure our members a successful financial future. Anyone eligible for membership is invited to join our family and participate in our efforts to fulfill our primary purpose of promoting thrift and providing credit at reasonable and fair rates.


More News