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Latest JSC Federal Credit Union News

Houston credit union hires CEO

Nov 8, 2021

1 Min Read REGISTER NOW Wellby, Powered by JSC Federal Credit Union, has named Martyn Pell as the company’s new president and CEO. Pell most recently was the senior vice president and chief lending officer at $4.4 billion-asset Coastal Federal Credit Union in Raleigh, North Carolina. He replaces Christie Jordan, who was the interim president and CEO of the $2.7 billion-asset institution in Houston for the past several months. “Christie’s leadership, energy and dedication saw us through a major transitional period, and we are overwhelmingly grateful to her,” said Wellby chairman Deborah Acosta Conder in a Friday press release. “Marty is an experienced financial services industry executive with more than 20 years of success in high-profile leadership roles.” At Coastal FCU, Pell helped lead, manage and direct the credit union’s consumer, residential mortgage and member business lending programs. Martyn Pell joins Wellby from Coastal Federal Credit Union, where he was senior vice president and chief lending officer. Before working at Coastal FCU, Pell was the president and executive vice president at First Community Bank in High Point, North Carolina. Wellby was established in 1961 to serve the employees and families of Johnson Space Center. It was known as JSC Federal Credit Union before a recent rebrand . The credit union has grown into one of the largest credit unions in Houston, serving more than 130,000 members with 17 branches. Wellby earned $9.4 million year-to-date by the end of the third quarter, a 27% decrease compared to a year earlier, according to call report data from the National Credit Union Administration. Randal Quarles, who oversaw an easing of post-financial crisis rules as the Federal Reserve’s vice chair of supervision, announced he will resign at the end of this year. His departure will leave President Biden with another open seat to fill on the central bank’s board.

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