New CEO at Apple Federal Credit Union July 1

Apple Federal Credit Union (FCU) recently announced that Larry Kelly, president and chief executive officer, will retire at the end of June. Andrew (Andy) C. Grimm, Apple FCU’s executive vice president and chief operating officer, will succeed Kelly July 1, 2017. The Apple FCU Board of Directors reached its decision after a nationwide search, a news release said.

Grimm has been employed at Apple FCU since 1995, when he was hired as Apple’s first Strategic Planning Manager. In 1999, he was promoted to the position of Vice President of Finance, earning his Certified Public Accountant (CPA) designation in 2003. Assuming the role of Chief Operating Officer in 2004, he’s overseen the execution of many major strategic initiatives, including nearly a dozen new branches, technological enhancements, greater emphasis on the education community, an employer of choice initiative and several mergers and acquisitions.

Since taking the helm of Apple in 1995, Kelly guided the growth of the credit union from 41,000 members and $230 million in assets, to more than 190,000 members and nearly $2.4 billion in assets today. Apple currently holds rank as a Top Ten Credit Union in the Commonwealth of Virginia in terms of size and is in the top 100 of all credit unions in the U.S. Apple FCU was named to Virginia Business Magazine’s Best Places to Work in Virginia list (large employer category) in 2017.

Grimm has an undergraduate degree in Business, with a major in Marketing, from Fordham University, and a Master of Science in Business from The Johns Hopkins University School of Professional Studies in Business and Education.  After receiving his MBA in 1999, he earned the Edward J. Stegman CPA Memorial Award from Johns Hopkins for achieving the highest possible GPA in his program.  Andy resides in Fairfax County with his family.

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About Apple Federal Credit Union
Established in 1956 by teachers, Apple FCU is ranked as a top 100 credit union nationwide, serving more than 190,000 members with nearly $2.4 billion in assets. As a not-for-profit, member-owned financial cooperative, Apple FCU serves a diverse community of local education systems and anyone who lives or works in Fairfax, Frederick (VA) and Prince William counties.