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White Sands Federal Credit Union will experience a leadership change in the first quarter 2023 as President & CEO William Jacobs announced plans to retire after leading the organization since 1997.
WSFCU board of directors named current Executive Vice President Phillip Fifield as Jacobs’ successor.
When Jacobs took over as CEO, the credit union had a net capital of $1.7 million and $127 million in total assets. Today, White Sands FCU serves more than 35,000 members and has well over $400 million in assets and over $38 million in net capital.
“Serving as White Sands Federal Credit Union’s president and CEO has been an incredible 25-year journey,” said Jacobs. “During my tenure, White Sands Federal Credit Union has helped our members move closer to achieving their financial hopes and dreams. I have been so blessed to have had the opportunity of working with so many wonderful members, staff and volunteers. Thank you is not strong enough for the time I have had at the credit union.
“White Sands FCU’s future is very bright under my successor, Mr. Phillip Fifield.”
Fifield started working with the credit union in 1998 by implementing the indirect dealer program, then as a branch manager, and has served as vice president of operation and executive vice president.
“I look forward to building on the many successes that we have experienced under Mr. Jacobs’ impeccable leadership,” Fifield said. “He has led the credit union with integrity, passion and vision, our credit union experienced tremendous growth during his tenure. I’m excited for this new role and opportunity to continue developing WSFCU into the finest financial institution in Southern New Mexico,”
