Louie Byrd Joins Signal Financial as SVP of Business Services
Tuesday, May 19, 2020
KENSINGTON, MD—Signal Financial Federal Credit Union announced today the addition of Louie Byrd in the key position of Senior Vice President of Business Services. Byrd joins Signal from BB&T, where he worked for 13 years and held the position of Senior Vice President of Commercial Lending before making the move to Signal.
Byrd will oversee all commercial lending and business services activities at the credit union. He will report directly to Signal’s President & CEO, Francois Verleysen.
“I am pleased to have a lender and banker of Louie’s caliber join our team as Signal continues its strong commitment to commercial lending and business services in the Washington Metro area,” says Verleysen. “His vast experience and local connections will help further grow the credit union and strengthen our ties to this important segment of our business model.”
Upon Byrd’s arrival to Signal Financial in February of 2020, he set out to create ways to enhance the efficiency and productivity of the business services department, which included reorganizing roles on his team and bringing on new staff in an effort to position Signal for optimal growth.
“I am committed to strengthening Signal’s commercial lending capabilities, despite these challenging times,” says Byrd.
Amid the economic uncertainty brought on by the pandemic, Signal’s Business Services team has built a commercial loan pipeline of more than $20 million, with an additional $12 million in the approval and closing stage under Byrd’s leadership.
Byrd’s career in the banking industry spans 34 years with a focus on commercial, retail and wealth banking.
In his spare time, Byrd enjoys volunteering in his community. He is a current board member for Hearts & Homes for Youth of Burtonsville, Md. and recently served on the board of Unity Health Care in Washington, DC.
Byrd holds a bachelor’s degree in economics from the University of Maryland at College Park.
About Signal Financial Federal Credit Union
Chartered in 1947 (as the Washington Telephone Federal Credit Union) by a group of telephone company workers, Signal Financial FCU was formed to help people seeking a better financial alternative and to improve the quality of their financial lives, which remains true to this day. Signal Financial is owned and operated by members who share a common bond through employer or geographic affiliation and governed by volunteers who are elected by members to serve on the board. We strive to provide quality and fair-priced financial services for our membership. In turn, profits are returned to the members in the form of better rates, reduced fees and improved services.
In 2007, the Washington Telephone Federal Credit Union officially became Signal Financial Federal Credit Union to be more inclusive of the many diverse businesses in our field of membership, in addition to our founding telephone company groups. Signal Financial FCU has grown to more than $400 million in assets serving more than 24,000 members. Our credit union family encompasses 250+ small-to medium-sized companies, members of the Washington Area Bicyclist Association (WABA), as well as individuals who live, work, worship or attend school in the District of Columbia or in Prince George’s County, MD (inside the beltway). Certain family members and businesses (including their employees) are also eligible to join the credit union.
Signal Financial is federally insured by the National Credit Union Administration (NCUA), with deposits insured by the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.