KENSINGTON, MD — May 10, 2021 — Signal Financial Federal Credit Union is pleased to announce the appointment of Jonathan Hefter, as chief financial officer (CFO) and principal financial officer. Hefter is responsible for finance, accounting, business intelligence, legal, human resources, and overall business operations. As a senior member of the executive team, Hefter reports directly to CEO Francois Verleysen. Previously Mr. Hefter served as Vice President, Controller at the National Institutes of Health Federal Credit Union.
Mr. Hefter has over 25 years of experience in accounting and financial services. He began his career in financial services working for hedge funds and money management firms before making a switch over to financial statement auditing. As a financial statement auditor, Jonathan focused on audits of community banks and credit unions ranging in size from $100 million to over $ 1 billion. Mr. Hefter joins Signal during a pivotal time, as the credit union continues to grow en route to becoming a billion-dollar credit union.
Mr. Hefter holds his MBA in Finance from George Washington University and master’s degree in accounting from Pace University in New York.
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 fairly priced financial services for our membership. In turn, profits are returned back to members in the form of better rates, reduced fees and improved services.
In 2007, the Washington Telephone Federal Credit Union officially became Signal Financial FCU to be more inclusive of the many diverse businesses in our field of membership, in addition to our founding telephone company group. Signal Financial FCU has grown to more than $400 million in assets serving more than 24,000 members. Our credit union also 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 Washington, DC or Prince George’s County, Md. (inside the beltway). Select employer groups are also eligible to join the credit union.
Like all federal credit unions, Signal Financial is closely regulated by the National Credit Union Administration (NCUA), with deposits insured by the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.