Franklin Mint Federal Credit Union has named Michael Magnavita its new CEO.

Magnavita has served as executive vice president and chief financial officer at FMFCU, which last year moved its headquarters from Broomall to Chadds Ford, since 1993. He started his FMFCU career in 1987 as assistant vice president and controller.

“The board of directors are honored at having Mike Magnavita assume the distinguished role of FMFCU president and CEO,” said J. Patrick Killian, FMFCU chairman of the board. “His major contributions to the Credit Union over three decades and exemplary leadership make him an outstanding choice.”

“I am incredibly excited and humbled to accept this new challenge,” said Magnavita. “Our commitment to offer market-leading products and services to help members achieve their financial goals remains unwavering.”

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