Palmer, AK (March 15, 2024) – Ed Gravley, CEO of Matanuska Valley Federal Credit Union (MVFCU), announced his plan to retire in the first quarter of 2025.

Ed Gravley began his tenure at Matanuska Valley Federal Credit Union as a Data Processing Manager in 1985.  Throughout his years with the Credit Union, Ed has worked as an Information Systems Manager, Systems & Projects Manager, Organizational Support Manager, Operations Manager, Chief Operations Officer, and in 2018, as the Chief Executive Officer.

During Ed’s years at MVFCU:

He hired and developed eight department managers who now supervise over 100 employees.

He chose the builder and led site selection, design, and construction phases to successfully add eight (8) community offices throughout MVFCU’s service area.

He restructured operations following a successful merger with Kunia FCU, now MVFCU Waipahu, Hawaii.

He established the original contact center, which evolved into a full-service virtual community office.

Through Ed’s leadership, virtual services have greatly expanded with MV Online Banking, the MV Mobile App, and Virtual Member Experience Representatives that bring convenient, modern technology to members’ finances.

The Board of Directors has hired D. Hilton Associates, Inc. to assist in the search for the Credit Union’s next Chief Executive Officer.

About Matanuska Valley Federal Credit Union

The Credit Union was chartered on December 7, 1948, when 20 members pooled a combined share balance of $395.00. Growth was slow at first, and all work was done by volunteers. However, through the perseverance and vision of many MVFCU pioneers, the Credit Union has grown and thrived. Today, MVFCU is one of the leading financial institutions in Alaska, with over 58,000 members and almost $935 million in assets. MVFCU serves members in Alaska and the Waipahu Neighborhood Board #22 of the City and County of Honolulu, Hawaii. In addition, MVFCU has expanded its charter to include all of Alaska, continuing the focus on serving the underserved. As a growing and expanding credit union, MVFCU actively supports the communities it serves, both financially and through employees volunteering hundreds of hours annually at local events.  Thanks to the many volunteers, our nearly 170 dedicated staff, and faithful members, MVFCU continues to see growth and success for its members and partnering communities.

For more information about MVFCU, please visit our website at www.mvfcu.coop.