Navy Federal expanded its lending division, naming Debbie Freeman chief financial officer and Vincent Pennisi 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.
“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.”
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.”
Established in 1933 with only seven members, Navy Federal now has the distinct honor of serving more than 8 million members globally and is the world’s largest credit union.
