BATON ROUGE, La.–Neighbors Federal Credit Union has named a new president and CEOeffective in January of 2027.
The $1.3-billion Neighbors FCU said it has selected Jody Caraccioli to lead the organization following the retirement of current CEO Steve Webb. Caraccioli currently serves as CFO.
“With more than two decades of executive leadership experience in the credit union industry, Caraccioli brings a proven track record of financial stewardship, innovation, and a deep commitment to Neighbors’ mission of serving its members and community,” the credit union said in a statement.
Caraccioli has served as CFO of Neighbors FCU since 2008 and has led the organization through significant periods of growth and financial stability, NFCU reported.
“He successfully secured $35 million in Emergency Capital Investment Program (ECIP) funding and an additional $8 million in secondary capital, strengthening Neighbors’ net worth ratio and positioning the credit union for long-term success,” Neighbors FCU stated. “Under his leadership, Neighbors has consistently earned strong marks from regulators and examiners.”
Prior Roles
Prior to joining Neighbors, Caraccioli served as CFO of KeyPoint FCU and held senior operational roles with KKR, American Golf Corp., and Arnold Palmer Golf Management, where he gained extensive experience in mergers, acquisitions, and managing large-scale operations, NFCU said.
He currently serves as chairman of the supervisory committee and as an ERM committee member at Catalyst Corporate, is chair of Neighbors’ Asset Liability Committee, and is a member of the Business Lending Committee.
“It is a tremendous honor to be selected as the next CEO of Neighbors Federal Credit Union,” said Caraccioli in a statement. “I am grateful for the trust placed in me by the Board and our members. Neighbors has a long legacy of making a difference in the lives of the people and communities we serve, and I am excited to build on that foundation by driving sustainable growth, innovation, and member value. Together with our dedicated team, we will ensure Neighbors remains strong and positioned for long-term success.”
Educational Background
Caraccioli holds a Master of Business Administration from Southeastern Louisiana University, a Bachelor of Business Administration in Finance from Millsaps College, and has completed advanced training at the University of Chicago Booth School of Business.
The search was handled by Pinnacle Executive Recruiting.
