Chief Executive Officer, Chicago Patrolmen’s Federal Credit Union
Chicago Patrolmen’s Federal Credit Union was established in 1938 as a “blue shirts” organization open only to police officers on the beat. Today, the Credit Union serves officers of all ranks and their immediate family members. Led by CEO Scott Arney since 2002, Chicago Patrolmen’s Federal Credit serves over 38,000 members and has assets in excess of half a billion dollars. The Credit Union is and always has been administered by a Board of Directors comprised entirely of working and retired police officers.
Under Arney’s direct leadership, Chicago Patrolmen’s FCU has achieved the following:
- Grown into a true full-service financial institution
- Increased assets from $137 million to $540 million –Increased loans 400%
- Increased membership from approximately 14,000 to over 38,000 members
- Opened three local full-service branches and two regional business offices, including in Arizona and Texas
- Founded a Credit Union Service Organization for the primary purpose of mortgage origination
- Founded the Financial Planning and Education Center for Police Officers and their families
- Co-Founded the Police Credit Union Conference, which led to the formation of an association of law enforcement credit unions from across the country
In 2014, Arney led his team in the development of National Police Credit Union, which is a marketing division of Chicago Patrolmen’s Federal Credit Union. National Police Credit Union is the first and only full-service financial institution created solely for national law enforcement officers and their families across the U.S.
Prior to Chicago Patrolmen’s Federal Credit Union, Arney worked for ITT Commercial Finance, which was later sold to Deutsche Bank, becoming Deutsche Financial Services. Starting there in 1989, Arney served in many capacities, ultimately becoming Vice President of Operations in the United Kingdom in their Guildford, England branch office. While in the U.K., he was appointed a Director of the company.
Arney attended Indiana University, Bloomington, IN, where he received his BA in Economics. Following, he attended Loyola University, Chicago, IL, where he earned an MBA with a concentration in Personnel Management.