The Credit Union Executives Society board of directors announcedthat Charles E. Fagan III was its new president/CEO, effective Jan.3. Fagan has most recently served as executive vice president ofPSCU. He takes over for the longtime CUES leader Fred Johnsonretires on Dec. Johnson has led CUES for 23 of its 50 years.

“PSCU’s leadership position in the credit union industry is duein no small part to the dedication, excellence and professionalismof Chuck Fagan,” said Mike Kelly, PSCU’s CEO/President. “Chuck hasbeen a driving force in every step of PSCU’s growth and evolutionsince he arrived here in 1997. CUES is gaining a passionateexecutive who fully understands the role and value of the CUSO tothe ongoing health of credit unions.”

During his tenure with PSCU, Chuck led the company’s nationalsales and client relationship teams and helped pioneer PSCU’s rolein bringing emerging payments technologies to its creditunions.

Lary B McCants, CUES chairman and president/CEO of IBM SoutheastCredit Union said, “With his 24 years of experience in the creditunion industry, Chuck will build upon Fred’s legacy and ensure CUESremains vibrant and relevant for current and future leaders.”

“The privilege to lead the CUES organization in a time of greatopportunity for credit unions is one that I honor and embrace,”said Fagan. “Tomorrow’s credit union decision makers face a verypromising future for growth and prosperity. Consumer preferencesare increasingly tilting toward the value proposition that creditunions offer.”