Walsh Named CEO of $426M Direct FCU: People
The $426 million Direct Federal Credit Union in Needham, Mass., named Joseph Walsh its new president/CEO.
He succeeds David Breslin, who retired after 29 years leading the now 24,800-member Direct Federal. Walsh has been with Direct Federal for 23 years, most recently as SVP of lending.
“After conducting a nationwide search, we concluded that there simply was no other candidate who possessed Joe’s insight, operational skills and leadership ability. It became clear to the entire board that Joe was the most qualified individual to move the organization forward,” Dave Johnson, chairman of Direct Federal’s board, said in the announcement Friday.
Walsh said, “I think Direct Federal has a great story to tell and, speaking for the entire team, we can’t wait to tell it. Our rates are among the best in the market and our members consistently tell us that our service is remarkable.”
In other people news from around the industry:
The $1.1 billion Workers’ Credit Union in Fitchburg, Mass., appointed Michael DeMarco as assistant vice president of commercial lending. He has more than 20 years of experience, most recently with Randolph Savings Bank in Stoughton, Mass. The $796 million St. Mary’s Bank in Manchester, N.H., hired Franco Mancebo as a residential loan originator. He has more than 20 years of experience, including with Wells Fargo and as a real estate agent.
The $79 million SPC Credit Union in Hartsville, S.C., said its longtime board chairman, Travis Walters, was recognized by the Carolinas Credit Union Foundation as a part of its Partner in Philanthropy Awards. Walters, a retiree from Sonoco Corp., joined the credit union board in 1991 and has been chair since 1999. The $84 million Gulf Coast Community Federal Credit Union in Gulfport, Miss., said Helen Walker has retired after more than 36 years as a volunteer, including many years as board chairperson. A retiree of the Gulf Coast Veterans Health Care System, she was on the credit union’s board when it became the first in the nation to receive dual-county community charter status. She was inducted into the Mississippi Credit Union Association’s Hall of Fame in 2013. The $608 million 1st Advantage Federal Credit Union in Newport News, Va., hired Vickie Noel as business relationship manager. She has more than 25 years of banking experience with 14 years in business and commercial lending.
The $58 million Midwest Regional Credit Union in Kansas City, Kan., named Thad Jones its new president/CEO, effective July 1. Jones succeeds Lloyd Nugent, who will retire after 22 years as president/CEO at MRCU. Jones has been with the credit union since 1992 as controller and vice president of accounting and technology. The $202 million Illiana Financial Credit Union in Calumet City, Ill., promoted Sonia Gomez to human resource coordinator and administrative assistant. She had joined the credit union in 2013 as a member service representative.
The $198 million Heritage Community Credit Union in Sacramento, Calif., selected Ed Turk as its new CEO. He will replace Celeste Martinez, who will retire next month after 40 years in the credit union industry. Turk has more than 20 years of experience, most recently as EVP/COO for the $534 million iQ Credit Union in Vancouver, Wash. The $2.1 billion GECU in El Paso, Texas, said President Emerita Harriet May was inducted into the Cooperative Hall of Fame by the U.S. cooperative community. May, who retired in 2012, was selected for her leadership efforts in creating affordable housing financing options and in financial literacy and remittance services.
CUNA Mutual Group in Madison, Wis., said Ann Davidson, senior risk management consultant, retired on June 2 after more than 40 years of helping protect credit unions and their members. Davidson was a frequent speaker on a variety of fraud prevention and compliance topics and conducted hundreds of training seminars for credit union employees on electronic payments, plastic cards, ACH and wires. She joined CUNA Mutual in 1974.