PORT ORCHARD — Shawn Gilfedder has been named the new president and CEO of Bremerton-based Kitsap Credit Union by the organization’s board of directors. He began work on Oct. 1.

Gilfedder comes to the nonprofit organization after more than a decade as president and CEO of McGraw-Hill Federal Credit Union of East Windsor, New Jersey. Elliot Gregg will continue as president emeritus of KCU and will retire Jan. 15 after almost two decades at the helm of the $1.2 billion credit union.

During his time at the New Jersey banking institution, Gilfedder led the $420 million credit union through innovative campaigns that expanded its membership by more than 100 percent and increased assets by 150 percent, according to a KCU news release.

He is a board director for America’s Credit Union Museum. He was recognized as the Corporate Citizen of the Year from the National Junior Tennis and Learning Program of the United States Tennis Association for his fundraising efforts to revitalize Cadwalder Park’s tennis courts and after-school educational programming in Trenton, New Jersey.

Kitsap Credit Union serves more than 100,000 members from branch offices in Kitsap, Mason, Jefferson and Pierce counties.