KENSINGTON, MD February 12, 2025 – The Signal Financial Federal Credit Union Board of Directors is pleased to announce the appointment of Kenyahda “Ken” Cahoon as President and Chief Executive Officer of the Credit Union, effective February 12, 2025. Cahoon joins Signal from Democracy Federal Credit Union where he served as Chief Executive Officer beginning in January 2019. Cahoon succeeds Francois Verleysen, who served as President and CEO of Signal Financial since 2014. Verleysen retired from the organization in January 2025.
Cahoon brings more than 30 years of experience in the financial services industry to Signal Financial, having previously held leadership positions at the National Institution of Health Federal Credit Union, UNIFY Financial Credit Union, and American Spirit Federal Credit Union, amongst others. In addition to his work experience, Cahoon serves as a Board Member for the Credit Union Mortgage Association.
In his new role as CEO of Signal Financial, Cahoon will look to drive growth for the Credit Union, engage with the Credit Union’s local businesses and communities, and further drive a strong member experience that ultimately supports its members in taking ownership of their financial journey.
“On behalf of the Board of Directors, we welcome Ken to Signal Financial Federal Credit Union and are excited for him to take the helm,” stated Andy Mekelburg, Chairman of the Board. “What stood out to us most was Ken’s passion and commitment to providing superior service to credit union members and local communities. Under his leadership, Signal Financial is poised for an exciting new chapter filled with innovation, growth, and an unwavering dedication to the Credit Union’s members.”
Cahoon is a graduate of PennWest California, where he earned his Bachelor of Science in Finance.
About Signal Financial Federal Credit Union
Chartered in 1947 as the Washington Telephone Federal Credit Union by a group of telephone company workers, the credit union was formed to help people seeking a better financial alternative and to improve the quality of their financial lives. While much has changed since 1947, the mission of the credit union remains true to this day. In 2007, the Washington Telephone Federal Credit Union officially became Signal Financial Federal Credit Union to be more inclusive of the many diverse businesses in the field of membership, in addition to the founding telephone company group. Signal has grown to more than $400 million in assets, serving more than 23,000 members. The credit union also encompasses over 250 small to medium-sized companies, as well as individuals who live, work, worship, or attend school in Washington, D.C., or Prince George’s County, MD (inside the beltway). Signal is regulated by the National Credit Union Administration (NCUA), with deposits insured by the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.
