Raleigh, N.C. — Civic Credit Union (“Civic”) and its Chief Executive Officer, Dwayne Naylor, announced today that Mr. Naylor will retire effective January 16, 2026, concluding an over 40-year tenure of dedicated leadership and service to North Carolina’s cooperative financial community. Upon Mr. Naylor’s retirement, Civic’s Board of Directors has named Dave D’Annunzio, currently Chief Financial Officer, to serve as the organization’s next Chief Executive Officer.

Mr. Naylor joined the organization in 2009 and played a pivotal role in the creation of Civic Credit Union, which officially received its charter in 2017. Under his leadership, Civic successfully launched a digital-first banking model and built the foundation for member-focused innovation with the established mission of serving North Carolina’s local government employees and the communities they support.

Most recently, Mr. Naylor guided Civic through its historic merger with Local Government Federal Credit Union (“LGFCU”), creating a stronger, unified credit union positioned for long-term success. In addition, he led the complex and successful conversion of more than 400,000 LGFCU members’ accounts from the core system of its longtime partner, State Employees’ Credit Union (“SECU”), to Civic’s banking platform—marking the newly merged entity’s first-ever operational independence from SECU since LGFCU’s inception in 1983.

“We are deeply grateful to Dwayne for his exceptional leadership, vision, and commitment to strengthening financial services for local government employees and the communities they serve,” said Dr. Aaron Noble, Chair of Civic’s Board of Directors. “His legacy includes transformative achievements that position Civic for continued growth and success in the years ahead. We are excited to appoint Dave D’Annunzio as CEO upon Dwayne’s retirement. Dave has been integral to our progress and brings the expertise, values, and strategic mindset to lead Civic into the future.”

Mr. Naylor expressed his appreciation for the members, Board of Directors, employees, and partners who have shaped his journey: “Serving this organization and the credit union that preceded it has been the honor of my professional career. Together, we have made history—expanding opportunity, broadening access, and ensuring that our credit union values continue to uplift people across North Carolina. I look forward to supporting a seamless transition and cheering on Civic’s success for many years to come. After a 43-year career serving credit union members, I look forward to completing my PhD dissertation and writing about my research.”

Incoming CEO Dave D’Annunzio shared his gratitude and excitement: “Dwayne leaves an incredible foundation for Civic to build upon, and I am deeply grateful for his leadership and friendship. I am honored to take on this responsibility and remain focused on listening to our members, delivering innovative financial solutions that make life better for the people we serve and supporting our credit union team.”

Civic leadership and Mr. Naylor will continue to work closely together through the transition to ensure uninterrupted progress on the credit union’s strategic goals.

About Civic Credit Union

Civic Credit Union is a not-for-profit financial institution created exclusively for North Carolina’s local government employees and their families. Built with purpose and powered by service, Civic delivers modern banking solutions through secure digital tools, personalized support, and in-person access across the state. With deep roots in public service and a mission to meet members where they are, Civic is committed to helping those who serve their communities achieve financial well-being.