Self-Help’s Seaway Names New President

Saturday, August 11, 2018 || By Michael Romain || @maywoodnews 

Featured image: Daryl Newell, the new president of Seaway, a division of Self-Help Federal Credit Union. | Daryl Newell/LinkedIn 

Seaway, a division of Self-Help Federal Credit Union, recently named Daryl Newell as the division’s new president. Newell took over on Aug. 1.

Newell will be responsible for managing for managing Self-Help’s growth strategy in Chicago and Milwaukee, in addition to maintaining the variety of functions that Seaway already performs.

Self-Help acquired Seaway Bank and Trust, once one of the largest black-owned banks in the country, in 2017. As part of the purchase, Self-Help assumed Seaway’s $200 million in deposits and its nine branches, one of which is located at 150 S. 5th Ave. in Maywood.

According to Credit Union Journal, Newell has “a long career in banking under his belt” and is “no stranger to the industry.”

He has served as Seaway’s chief retail banking office, as a retail regional manager with Fifth Third Bank, as director of the consumer banking group at Urban Partnership Bank and as senior vice president, retail banking division with ShoreBank.

According to the statement Self-Help released announcing the appointment, Newell “has been part of the Chicago community since he returned from a stint with the Green Bay Packers, who drafted him from Northwestern University.

“His commitment to the community has been demonstrated in many ways, especially through his leadership mentoring Black youth as part of the 100 Black Men of Chicago, a men’s civic organization and service club dedicated to improving the quality of life of young males within our communities.”

Credit Union Journal added that “Self-Help FCU holds $1.1 billion in assets and operates 26 branches across California, Illinois and Wisconsin.” VFP 

For more local news, ‘Like’ our Facebook page FullSizeRender

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.