Mutual Savings Credit Union headquartered in Selma, AL has named Kendall Speed as its new president/CEO. Speed, who has been with Mutual Savings for more than 15 years, previously served as chief financial officer and executive vice president.

Former CEO Douglas Key will remain with Mutual Savings as senior vice president of strategic planning after seven years at the helm of the credit union.

“Words cannot adequately express my sincere appreciation for all the hard work and extra effort put forth by all employees of Mutual Savings Credit Union during my tenure here.” Doug Key stated when asked about the transition. “I am especially appreciative for all of my executive staff and their collaborative efforts in helping Mutual Savings move forward in becoming the credit union in which we take so much pride. I have no doubt that Kendall will do a great job in his position.”

Speed started his career with Mutual Savings in 2001 and holds a bachelor’s degree in accounting from Auburn University. Mutual Savings was founded to serve the Birmingham area steel workers in 1936. Today, Mutual Savings has more than 43,000 members and 10 branches spanning central Alabama.