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. Our Board of Directors are composed entirely of HUD FCU members. We provide our members a friendly environment, reasonable interest rates, and member participation in decisions to ensure our financial success. Anyone eligible for membership is invited to join our family and participate in promoting thrift and providing access to credit at reasonable and fair prices.


Terry Rouch

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