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Freedom Federal Credit Union Appoints New President/Chief Executive Officer

July 2016

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Freedom Federal Credit Union is pleased to announce the official placement of Michael MacPherson as the credit union’s new President/Chief Executive Officer.

“Having served twelve years in a variety of management positions, including Chief Operating Officer and most recently as the interim President/CEO, there is no better qualified individual to serve as our credit union’s President/CEO”, said Mike Kaiser, Chairman of the Board. “As interim CEO,” Mr. Kaiser said, “Michael demonstrated his abilities to lead and guide Freedom into the future. We are looking forward to his continued tenure with Freedom Federal Credit Union.”

Michael moved into the interim CEO role last October after serving as Chief Operating Officer of the credit union. In his career at the credit union, Michael has led efforts to increase member service and satisfaction, enhance business development and product innovation, as well as improve processes and efficiencies. Responsible for lending, commercial business services, branch operations, marketing and business development, Michael has been integral in Freedom Federal Credit Union’s continued growth. Prior to his time at Freedom Federal Credit Union, Michael invested thirteen years with Aberdeen Proving Ground Federal Credit Union in such roles as Vice President Credit Operations/Business Development. Michael has a Bachelor of Arts in Business Administration with a concentration in Personal Management from Towson University.

When asked about his new position Michael said, “For the last twelve years, I have served the credit union and am proud of the progress and growth we have achieved. I see great potential at Freedom, not only for our members, but for our staff and our community. I am honored to permanently assume the President/CEO role and continue my career at such a wonderful organization.”

About Freedom Federal Credit Union

Freedom Federal Credit Union is a community-chartered federal credit union offering consumer financial services to those who live, work, volunteer, worship, attend school, or have family in Harford County, Maryland. Additionally, Freedom offers a full-line of banking services for all businesses, associations, and other organizations that are based in Harford County.

Freedom opened in 1953 as MATCOM Federal Credit Union to serve the military and civilian employees of the Chemical Corps Materiel Command located in Baltimore. The credit union moved to the Edgewood Arsenal in Harford County in 1956. In 2000, they changed their name to Freedom Federal Credit Union. Also known as Freedom of Maryland Federal Credit Union, Freedom has five locations throughout Harford County. The credit union serves the local community by contributing to the local education, military, and civic and charitable organizations. The credit union has $288 million in assets, and over 30,000 members.

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