Midcoast Federal Credit Union of Bath, Maine, announced the selection of Joe Gervais as its new CEO, replacing Gail Richardson who will retire after 33 of leadership and service to the credit union community.
Under Richardson’s leadership, Midcoast credit union has grown to over $126 million in assets. “I have known Joe for many years and have always been impressed with his knowledge and professionalism. I am confident that under Joe’s leadership the credit union will continue to thrive.” states Richardson.
A 20-year credit union industry veteran, Gervais has spent the past 13 years in senior leadership with University Credit Union of Orono, Maine. For the past seven years, he has served as the credit union’s executive vice president with direct responsibility of the lending, marketing and retail branch functions. He also served a seven-year concurrent role as president of Primary Mortgage Corp., a credit union subsidiary providing secondary market mortgage services to other Maine credit unions.