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Joe Walsh Named President & CEO 06/06/2014

Needham, MA – (June 6, 2014): The Board of Directors of Direct Federal Credit Union has named Joseph Walsh President & CEO effective June 1, 2014. Walsh succeeds David Breslin who retired after leading the $425 million institution for 29 years. In making the announcement, Dave Johnson, Chairman of Direct Federal’s Board, stated, “After conducting a nationwide search, we concluded that there simply was no other candidate who possessed Joe’s insight, operational skills and leadership ability. It became clear to the entire Board that Joe was the most qualified individual to move the organization forward.”

Walsh has been with Direct Federal for 23 years, most recently as Senior Vice President of Lending. In commenting on his promotion, Walsh said, “I’m very excited about this opportunity. I think Direct Federal has a great story to tell and, speaking for the entire team, we can’t wait to tell it. Our rates are among the best in the market and our members consistently tell us that our service is remarkable. It’s an honor to lead a group of individuals who are so dedicated to their customers.”

Prior to joining Direct Federal, Walsh held positions at BankBoston, Deloitte & Touche, and the Federal Reserve Bank of Boston. He has a bachelor’s degree from Holy Cross and an MBA from Babson College.

About Direct Federal Credit Union

Direct Federal is a federally chartered and insured credit union located in Needham, MA. Founded in 1953, the institution currently serves over 25,000 members and is committed to providing extremely competitive loan and deposit rates backed by a tireless team of dedicated, welcoming professionals. From mortgages, home equity lines, and auto loans to checking and money market accounts and CDs, Direct Federal provides an integrated array of products and services, all enhanced with the simplicity and convenience of the latest online and mobile technologies. For more information, please call 781-433-2900 or visit www.direct.com.