The $975 million Dupaco Community Credit Union of Dubuque, Iowa, has formally promoted Joseph F. Hearn to president/CEO succeeding Robert W. Hoefer, who last October announced his retirement after 47 years of service.
As part of the management changes, Matthew J. Dodds, senior vice president of consumer lending, was moved up to chief operating officer.
Hearn joined the credit union as director of marketing in 1986. He is currently serving his second term as chairman of the Iowa Credit Union League and is a member of CUNA’s State Credit Union Subcommittee.
He is also a director of Affiliates Management Company, a league subsidiary which oversees operations of major units in the trade group.
Hearn, a member of the Credit Union Executives Society, is a graduate of the Johnson Graduate School of Management at Cornell University and the Wharton School in Philadelphia. He holds a masters degree from University of Dubuque and a magna cum laude graduate of Loras College.
Dodds joined Dupaco in 2003, with nine years of consumer lending experience in Salt Lake City, Utah, and Denver.
In a separate action honoring the retiring Hoefer, the CU said at its annual meeting Feb. 12 it has formed the R.W. Hoefer Foundation dedicated to “improving people’s financial position and enhancing their quality of life.” The foundation will provide financial assistance and coaching to CU members who are financially prudent and who may be recovering from unforeseen life events.