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Navy Federal Names New Leaders in Finance and Lending

Debbie Freeman, chief financial officer (Photo: Business Wire) Multimedia Gallery URL


Credit union taps experienced member-focused leaders to oversee Corporate Finance and Lending

Navy Federal Credit Union today announced the following series of changes in its executive leadership that took place earlier this month.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190617005774/en/

Debbie Freeman has been named chief financial officer. Freeman started her career at Navy Federal nearly 20 years ago. Most recently, Freeman served as senior VP for financial operations, and before that she served in a variety of positions including senior financial accountant, assistant vice president of credit card lending and vice president of corporate accounting. Freeman is also a licensed Certified Public Accountant.

“Providing top quality service to our members requires financial stability, and leaders like Debbie are one of the reasons we have remained steady,” said Mary McDuffie, president and CEO of Navy Federal. “For 20 years, Debbie has been dedicated to serving our members, and I’m confident she will help navigate us to reach new heights.”

Vincent Pennisi has been appointed to serve as chief lending officer. Pennisi succeeds David Tillery, who retires after nearly a decade of distinguished service with the credit union. In this role, Pennisi will be responsible for the credit union’s lending strategy and oversee its real estate lending, credit card portfolio, and consumer and business lending departments. Previously, Pennisi served as chief financial officer for Navy Federal.

“As CFO, Vince preserved Navy Federal’s strong and stable financial foundation, strategically leading the credit union through the ever-changing economic landscape,” said McDuffie. “He’s the ideal person to steer our future lending strategy to continue delivering products our members find value in.”

About Navy Federal Credit Union: Established in 1933 with only seven members, Navy Federal now has the distinct honor of serving over 8 million members globally and is the world’s largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, veterans, civilian and contractor personnel, and their families. Dedicated to its mission of service, Navy Federal employs a workforce of over 18,000 and has a global network of 335 branches. For more information about Navy Federal Credit Union, visit navyfederal.org.

Insured by NCUA.

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