BALTIMORE (4/15/14)--Bert J. Hash Jr., president/CEO, MECU of Baltimore Inc., will retire in June, the credit union announced Monday.
Gary J. Martin, MECU's senior vice president and chief lending officer, has been named to replace Hash.
During Hash's 17-year tenure, MECU expanded to 11 branches in the Baltimore metropolitan area from one, and increased assets to more than $1.3 billion from $400 million.
MECU employees regularly volunteer with nonprofits in the community, and board members often join them.
Last year, MECU completed the purchase and assumption of Advance Bank, a federally chartered mutual savings bank located in Baltimore--the first time a credit union has acquired a bank in Maryland (News Now Nov. 1).
Martin joined MECU in 1972 as a loan officer.
"The board had a number of specific qualities they wanted in the new CEO," said Herman Williams Jr., MECU board chair. "We were looking for vision and continued implementation of new technology affecting financial services, but of utmost importance to the entire board was a commitment to MECU's culture of giving back to the community. The board felt that Gary Martin brought together all these qualities."