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

“PSCU’s leadership position in the credit union industry is due in no small part to the dedication, excellence and professionalism of Chuck Fagan,” said Mike Kelly, PSCU’s CEO/President. “Chuck has been a driving force in every step of PSCU’s growth and evolution since he arrived here in 1997. CUES is gaining a passionate executive who fully understands the role and value of the CUSO to the ongoing health of credit unions.”

During his tenure with PSCU, Chuck led the company’s national sales and client relationship teams and helped pioneer PSCU’s role in bringing emerging payments technologies to its credit unions.

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

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