Library of Congress FCU announces retirement of Marsha King, President/CEO
HYATTSVILLE, MD (August 15, 2022) — Marsha King, President/CEO of Library of Congress FCU and a leader in the Washington, DC area credit union movement, is retiring effective September 1, 2022. During her 32-year tenure with Library of Congress FCU, the Credit Union’s assets grew from $32 million to $300 million, and the credit union introduced many innovative products and services embraced by their members such as online banking, a content-rich website, and remote deposit. King attributes her success to her team’s “absolute commitment to providing personalized service to our members.” In 2017 the Maryland/DC Credit Union Association named King their Professional of Year in recognition of her success at making Library of Congress FCU one of the region’s strongest credit unions, and for her numerous contributions as a leader in the Washington area credit union movement.
Gary Mandelkorn will serve as interim President/CEO while the Board of Directors completes a search for King’s replacement. Mandelkorn has worked alongside King as Vice President of Operations for 26 years.
Looking ahead to her retirement King stated, “It has been my honor and pleasure to guide Library of Congress Federal Credit Union with the support of our dedicated employees as we helped our member/owners achieve financial success. The credit union industry is a testament to the value of offering affordable financial services designed to support the success of our members.
Rosalyn Coates, Chairwoman of the Board of LCFCU, shared that, “We are grateful for Marsha King’s ability to drive remarkable growth by keeping us focused on member needs by delivering affordable financial services with outstanding service. The LCFCU Board of Directors offers our thanks to Ms. King for her outstanding career, and we wish her a wonderful retirement.”
In addition to her years with Library of Congress FCU and US Postal Service FCU, King has served the credit union community for over 50 years. King advanced to Executive Vice President and Interim President with U.S. Postal Service FCU, and she served as President of the DC League and on the first Advisory Board of the Credit Union Executive Society. She served on MDDCCUA Board of Directors for many years as DC Chapter Association Director and as Treasurer and Secretary.
About Library of Congress Federal Credit Union
Library of Congress Federal Credit Union (lcfcu.org) has proudly served America's library community since 1935. With assets of $295 million and serving over 9,800 members nationwide, Library of Congress FCU is here to advance the financial life story of Library of Congress employees, retirees, family members and American Library Association members.