Northwest Federal mourns the passing of Kevin Walrath, SVP Risk
HERNDON, VA (January 11, 2017) — Kevin Walrath, Senior Vice President of Risk at $3.1 billion Northwest Federal Credit Union passed away on Thursday January 5, 2017. “It is with profound sadness that we announce the passing of our friend and colleague, Kevin Walrath. He was, first and foremost, a generous human being devoting time and resources to the NWFCU Foundation and the Financial Awareness Network, as well as a dedicated leader at the Credit Union,” said President and CEO of Northwest Federal, Chris McDonald.
Armed Services Veteran and Commissioned Officer from West Point, Kevin first joined the Credit Union movement serving as VP of Investment Services for NASA Federal Credit Union in 2005. Using his experience in investments and insurance, Kevin transitioned to Northwest Capital Management LLC (NWCM), a wholly owned subsidiary of Northwest Federal Credit Union in 2006. In that role Kevin was recognized as one of LPL Financial’s Program Managers of the Year in 2012.
In 2014 Kevin progressed from his role as Senior Vice President of NWCM to the role of Senior Vice President at Northwest Federal Credit Union and over the course of two years used his breadth of experience to oversee branch operations, marketing and strategy before becoming the Senior Vice President of Risk.
In his recent role Kevin used his experience to work with the National Association of Federal Credit Unions and the Virginia Credit Union League to lobby for reforms to benefit credit unions, recently meeting with members of Congress at the start of the 115th Congressional session. Overseeing Compliance, Fraud Mitigation, BSA and Enterprise Risk, Kevin was integral in developing the risk framework for the credit union and ensuring that best practices were put into place to reduce risk and fraud.
Kevin leaves behind his wife and two children and will be deeply missed by all who had the opportunity to know him.
About Northwest Federal Credit Union
Northwest Federal Credit Union is a 280,000-plus member-owned financial institution dedicated to providing a comprehensive range of banking and financial services to its members. With a focus on personalized customer service and community involvement, Northwest Federal Credit Union offers a variety of products, including savings and checking accounts, loans, mortgages, and investment options. Striving to enhance the financial well-being of its members, the credit union emphasizes competitive rates, convenient digital banking solutions, and a commitment to supporting local communities through various outreach initiatives. Northwest Federal Credit Union maintains a strong presence across the DMV, with several strategically located branches to serve its members. Established in 1947 and headquartered in Herndon, Virginia, the Northwest Why statement is: "Together we serve and inspire to transform lives."
