Langley Federal Credit Union is pleased to announce that Michael McNabb has been named as Vice President of Consumer Lending.
Sue Thrash, Director of Research/Communications
NEWPORT NEWS, VA–Langley Federal Credit Union is pleased to announce that Michael McNabb has been named as Vice President of Consumer Lending. McNabb will join the LFCU senior management team and report to the new SVP of Lending who will join Langley in mid-July.
McNabb will be responsible to provide strategic direction for the entire consumer lending area, and provide leadership in core product development which will expand LFCU’s loan portfolio. Previously, he was Assistant Vice President of Indirect Lending, where he was responsible for the management of the Indirect Lending Department. He built relationships with Hampton Roads area dealers, expanded our territory, watched auto market trends, and monitored competitor pricing and terms.
Under McNabb’s guidance, the Indirect Lending Team accomplished several significant milestones in the past year, including:
- LFCU’s continuing as the Number One Indirect Lender in all of Tidewater.
- The dealer network has grown to 161 relationships.
- LFCU has expanded into the Richmond market where LFCU now has over $7 million in new loans.
Langley Federal Credit serves over 176,000 members and has more than $1.7 billion in assets, ranking the financial cooperative as one of the 100 largest credit unions in the country. Located in Hampton Roads, LFCU has 18 branches and has served the community for more than 77 years.